After the Royal Government of Bhutan quietly rearranged portions of its 
bitcoin holdings—holding 7,486 BTC on May 2—some 4,576 BTC has since returned 
to its reserves, bringing the kingdom’s total stash to 12,062 BTC ten days 
later. Meanwhile, North Korea’s Lazarus Group has been actively trimming its 
holdings, falling below Bhutan in the hierarchy of […]

Lazarus Group’s Liquidation Spree Drops North Korea Below Bhutan in BTC Holdings

Ethereum is back above the $2,500 level after a massive surge that flipped 
market sentiment nearly overnight. Following months of intense selling 
pressure that began in late December 2024, ETH spent most of the first quarter 
struggling to gain traction. However, last week’s powerful rally—an 80% gain 
in less than a month—has shifted the tone across the market, reigniting 
optimism and setting the stage for what could be the beginning of a broader 
altcoin recovery. Related Reading: Solana Rallies Into Pivotal Zone – $180 
Level Could Define Next Move Top analyst Jelle shared a technical analysis 
noting that while Ethereum’s breakout is impressive, the asset still has “a 
lot of work to do.” ETH is now testing a key supply zone that previously 
marked significant resistance. Whether bulls can push through this area or 
face a temporary rejection remains to be seen. Still, the magnitude and speed 
of this recovery suggest that Ethereum may have completed a capitulation 
bottom and is building toward a more sustainable uptrend. For now, reclaiming 
$2,500 is a significant psychological and technical milestone. With momentum 
turning and broader market strength building, Ethereum’s price action in the 
coming days could help define the trajectory for the entire altcoin sector in 
Q2. Ethereum Tests Key Resistance After Explosive Weekly Surge Ethereum has 
surged over 44% in less than a week, reclaiming major resistance levels with 
strength and shifting sentiment sharply from bearish to bullish. After months 
of underperformance, ETH is now leading the charge in what many analysts 
believe could be the beginning of a long-awaited altseason. The broader market 
is showing signs of renewed momentum, but Ethereum’s breakout is particularly 
significant as it often signals capital rotation into altcoins. ETH’s rally 
has taken it from sub-$1,800 levels to just above $2,500, breaking through key 
resistance areas that had held since January. Now, the price is testing a 
crucial supply zone between $2,600 and $2,800—a region that previously acted 
as a distribution top and major rejection point. A successful break above this 
level could open the door for a move toward $3,000 and beyond. Jelle 
highlighted the scale of Ethereum’s comeback, noting that this “massive 
bounce” came after the market had largely declared ETH dead. Prices are now 
firmly back above critical support, and the reclaim of $2,500 is a major 
technical milestone. Still, as Jelle points out, there’s a lot of work ahead 
before a full recovery is confirmed. While short-term momentum is clearly 
bullish, Ethereum must consolidate and build structure above this resistance 
to establish a sustainable uptrend. If that happens, the narrative for 
altseason becomes significantly stronger, especially after years of drawdowns 
across the sector. The coming days will be key as Ethereum tests the upper end 
of this resistance range and sets the tone for altcoins heading into the 
summer. Related Reading: HYPE Bulls Regain Control After Sharp Recovery – 
Approaching Yearly Highs? ETH Tests $2,600 Resistance As Momentum Builds 
Ethereum is trading at $2,570 after an explosive rally that pushed the price 
from under $1,800 to a new local high at $2,625 in just a few sessions. The 
chart shows a clear vertical breakout, driven by surging volume and reclaim of 
major moving averages. ETH has now decisively broken above its 200-day EMA 
(currently near $2,436) and is testing the 200-day SMA around $2,701—a zone 
that represents a significant area of supply. The steep angle of ascent 
suggests strong bullish momentum, but the price is approaching a key 
resistance confluence. Historically, the $2,600–$2,800 range has acted as both 
support and resistance, meaning bulls need to consolidate above $2,500 to 
sustain the uptrend. This move also follows months of consolidation and a long 
period of underperformance. After a 66% decline from its December highs, 
Ethereum’s current rally signals a potential trend reversal. If bulls maintain 
this pressure and break above the 200 SMA, it could trigger a rapid 
continuation to $3,000 and beyond. Related Reading: XRP Whales Are Back – 880 
Million Tokens Accumulated This Month However, volume should remain elevated, 
and volatility is expected as sellers may step in at these levels. A short- 
term pullback wouldn’t invalidate the trend, but failure to hold above $2,500 
could stall momentum. Featured image from Dall-E, chart from TradingView

Ethereum Recovery Gains Strength: Massive Comeback Above Key Support

DeFi Development Corporation announced Monday it has purchased 172,670 Solana 
tokens for approximately $23.6 million, marking its largest single crypto 
acquisition to date. The move brings the company&#8217;s total Solana (SOL) holdings 
to 595,988, valued at roughly $102.7 million, including…

DeFi Development Corp surpasses $100m in Solana holding

Amber International has introduced a $100 million crypto ecosystem reserve, 
leveraging AI-driven strategies to invest in select digital assets and foster 
institutional adoption. The initiative includes strategic partnerships and 
operates under a strong risk management framework to ensure secure and 
compliant investment pathways. Amber’s AI-Powered $100 Million Reserve Targets 
High-Conviction Digital Assets Amber International Holding […]

Amber International Launches $100M Crypto Reserve Focused on BTC, ETH, XRP, BNB, SOL and SUI

Cardano is showing early signs of a bullish continuation, with strong support 
forming at the critical $0.50 zone. If this level holds, the path to $1.13, 
and potentially $2, may soon open up for ADA. After a prolonged consolidation, 
Cardano…

Cryptocurrency price in TRY