Ethereum price extended gains above $2,250 before it started a downside 
correction. ETH is now consolidating above $2,120 and might aim for a fresh 
increase. Ethereum started a decent upward move above the $2,220 zone. The 
price is trading above $2,180 and the 100-hourly Simple Moving Average. There 
is a declining channel forming with resistance at $2,225 on the hourly chart 
of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it 
stays above the $2,140 zone. Ethereum Price Holds Uptrend Support Ethereum 
price remained stable above $2,165 and started a decent upward move, like 
Bitcoin. ETH price climbed above the $2,180 and $2,220 resistance levels. The 
bulls pumped the price above $2,250. A high was formed at $2,273 before the 
price started a downside correction. The price dipped below $2,220. There was 
a spike below the 50% Fib retracement level of the upward move from the $2,060 
swing low to the $2,273 high. Ethereum price is now trading above $2,180 and 
the 100-hourly Simple Moving Average. If the bulls remain in action above 
$2,140, the price could attempt another increase. Immediate resistance is seen 
near the $2,200 level. The first key resistance is near the $2,225 level. 
There is also a declining channel forming with resistance at $2,225 on the 
hourly chart of ETH/USD. The next major resistance is near the $2,265 level. A 
clear move above the $2,265 resistance might send the price toward the $2,320 
resistance. An upside break above the $2,320 region might call for more gains 
in the coming days. In the stated case, Ether could rise toward the $2,400 
resistance zone or even $2,450 in the near term. Another Decline In ETH? If 
Ethereum fails to clear the $2,225 resistance, it could start a fresh decline. 
Initial support on the downside is near the $2,165 level. The first major 
support sits near the $2,140 zone or the 61.8% Fib retracement level of the 
upward move from the $2,060 swing low to the $2,273 high. A clear move below 
the $2,140 support might push the price toward the $2,110 support. Any more 
losses might send the price toward the $2,060 region. The main support could 
be $2,020. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing 
momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now below 
the 50 zone. Major Support Level – $2,140 Major Resistance Level – $2,225

Ethereum Price Holds Bullish Bias, Upside Continuation in Focus

XRP is 16% below its late-March high. The market is preparing for a decisive 
move. And while the price has been retreating, something beneath it has been 
moving in the opposite direction. Related Reading: Aave Breakdown Deepens With 
Supply Flooding Back To Binance. Learn What Triggered The Rush A CryptoQuant 
analysis tracking XRP&#8217;s exchange supply structure has identified a sustained, 
directional withdrawal that has been building for months. Binance&#8217;s cumulative 
XRP netflow has declined from approximately -$10.4 billion in mid-August 2025 
to -$11.23 billion now — an additional $830 million in net outflows added to 
an already historically significant drain. The coins are not returning to the 
exchange. They are leaving, and they are staying left. That persistent 
withdrawal matters in direct proportion to the price weakness surrounding it. 
When XRP falls 16% from a recent high while exchange supply simultaneously 
contracts, the market is describing two contradictory realities at once: a 
price that is declining and a supply pool that is thinning. Both cannot 
reflect the same market indefinitely. Either the supply contraction eventually 
creates sensitivity to any new demand, or the price weakness eventually brings 
sellers back to the exchange and rebuilds the available float. The Supply Is 
Thinning: Conviction Has Not Arrived The derivatives data completes the 
picture that the netflow analysis started. Binance XRP open interest has held 
only slightly above $200 million since mid-February 2026 — a level that 
confirms speculative activity is present but does not confirm that leveraged 
traders have returned with the kind of aggressive, directional conviction that 
typically precedes a sustained move. The market is not empty. It is cautious. 
That distinction matters structurally. Open interest above $200 million means 
traders are active. Open interest staying barely above $200 million for two 
months straight means those traders have not escalated their positions despite 
the supply compression building beneath them. The participants who watch 
exchange flows and see coins draining from Binance are not yet translating 
that observation into leveraged bets on the upside. They are watching. They 
are not committing. The combined reading is the clearest available description 
of where XRP currently stands. Exchange supply is weakening — $11.23 billion 
in cumulative net outflows and still declining. Speculative appetite is muted 
— open interest flat near $200 million since February. A market with a 
thinning supply and absent leverage conviction is not a market waiting to 
explode. It is a market waiting for a catalyst — the arrival of either demand 
or conviction — that neither data point has yet confirmed. When one of those 
two conditions changes, the structure will resolve. The supply compression 
determines the magnitude. The conviction determines the direction. Related 
Reading: XRP Longs Keep Getting Crushed On Binance – Here Is What That 
Imbalance Signals XRP Stalls in Compression After Prolonged Downtrend XRP 
remains structurally weak, but short-term price action shows signs of 
stabilization. After a sustained downtrend from late 2025, the chart reflects 
a clear breakdown in February, marked by a sharp capitulation wick and a surge 
in volume. That event likely represents forced liquidations rather than 
organic selling, often associated with local exhaustion. Since then, XRP has 
entered a tight consolidation range between approximately $1.25 and $1.40. 
This range-bound behavior indicates compression, not strength. Buyers are 
defending the downside, but there is no evidence of aggressive accumulation 
pushing the price higher. Related Reading: A Key Bitcoin Signal Is Quietly 
Building While The Price Stays Flat: Here Is What to Watch Next The moving 
averages reinforce this view. XRP is trading below the 50-day (blue), 100-day 
(green), and 200-day (red) moving averages, all trending downward. This 
alignment confirms that the broader trend remains bearish across all major 
timeframes. Recent attempts to reclaim the 50-day average have failed, 
suggesting that momentum remains capped. Volume has also declined following 
the February spike, signaling reduced participation rather than renewed 
demand. This aligns with a market lacking conviction. Structurally, XRP is 
building a base, but without a catalyst, it remains vulnerable. A reclaim of 
the $1.50–$1.70 region is required to shift momentum. Until then, this is 
consolidation within a downtrend, not a confirmed reversal. Featured image 
from ChatGPT, chart from TradingView.com

XRP Supply Is Thinning and Leverage Is Absent. Learn What Happens When One Of Those Changes

Covenant AI&#8217;s exit highlights the challenges of maintaining true 
decentralization in blockchain networks, impacting investor confidence.
The post Covenant AI exits Bittensor over centralization concerns, TAO falls 
15% appeared first on Crypto Briefing.

Covenant AI exits Bittensor over centralization concerns, TAO falls 15%

OKX Ventures and HashKey are buying into VPBank-backed CAEX as Vietnam’s 
strict crypto pilot pushes offshore exchanges toward a high-bar, onshore 
licensing regime.

OKX Ventures, HashKey back VPBank-linked CAEX for Vietnam crypto pilot push

Stablecoins are rapidly emerging as a dominant force in global payments, 
signaling a major shift toward blockchain-based financial infrastructure as 
transaction volumes and real-world use cases expand at unprecedented scale. 
Key Takeaways: Chainalysis projects stablecoin volume could hit $719 trillion, 
reshaping payments and settlement systems. Adoption surge from younger 
investors may drive $508 trillion in […]

Cryptocurrency price in MYR