Redstone&#8217;s native token RED is pumping after a series of developments in a single day. RedStone (RED) price has surged by 18% in the past 24 hours, trading at $0.57 with a 24-hour trading volume of $188 million, up 287%.…

RED price surges 18% after a slew of developments in a single day, boosting trading volume by over 200%

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U.S. authorities seized approximately 749 Bitcoin, valued at $62.5 million, 
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US Law Enforcement Confiscates 749 Bitcoin Tied to Decade-Old Silk Road Crimes

Ethereum (ETH) is facing significant selling pressure, trading below the 
$1,900 mark as market uncertainty continues to weigh on price action. After 
losing the critical $2,000 level, ETH plunged as low as $1,750, marking its 
lowest point since October 2023. Bulls are now under pressure, as they must 
defend the current demand zone to prevent further downside and restore 
investor confidence. Related Reading: Bitcoin Lost And Retested The 200-Day MA 
As Resistance – Here’s What Happened Last Time Market conditions remain 
fragile, with Ethereum struggling to find strong buying interest. If bulls 
fail to hold current support levels, ETH could see further declines, adding to 
the bearish sentiment that has dominated the market in recent weeks. On-chain 
data from CryptoQuant reveals that Ethereum’s Net Taker Volume remains at a 
low level, indicating that selling pressure is still strong. This suggests 
that market participants are leaning bearish, with more sell orders than buy 
orders dominating Ethereum’s price action. With ETH trading in a vulnerable 
position, the next few days will be crucial. If bulls can stabilize the price 
and push ETH back above $1,900, a potential recovery could begin. However, if 
selling pressure persists, Ethereum may continue its downward trend, testing 
lower support levels in the coming weeks. Ethereum Faces Heavy Selling 
Pressure Ethereum has lost over 57% of its value, creating an extremely 
difficult environment for bulls as the market remains in a deep downtrend. 
Currently, ETH is trading below a multi-year support level, which has now 
turned into a strong resistance zone. As ETH struggles to break back above the 
$1,900–$2,000 range, the bearish trend continues, with bulls failing to regain 
momentum. Related Reading: New ONDO Addresses Surge 390% In 24 Hours – A Sign 
Of Growing Interest In Ondo Finance The entire crypto market has suffered a 
breakdown, mirroring weakness in the U.S. stock market, as global trade war 
fears and growing uncertainty surrounding U.S. President Trump’s policies 
shake investor confidence. Since the U.S. elections in November 2024, 
macroeconomic volatility and uncertainty have been the dominant forces in 
driving markets lower. With no clear resolution in sight, investors remain 
cautious, as the U.S. stock market has now reached its lowest levels since 
September 2024. Top analyst Quinten Francois shared data on X, revealing that 
Ethereum’s Net Taker Volume is at historic lows, signaling intense selling 
pressure. This indicates that sellers continue to dominate the market, 
preventing ETH from staging any meaningful recovery. Until buyers step in with 
strong demand, ETH may remain stuck in a bearish phase, with further downside 
risk if key support levels fail. With Ethereum struggling below critical 
resistance and selling pressure increasing, the next few weeks will be pivotal 
in determining whether ETH can stabilize or if the market will see further 
losses. If bulls cannot reclaim lost ground, Ethereum could face even deeper 
corrections in the near term. ETH Stuck In Range As Bulls Fight to Reclaim 
$2,000 Ethereum is currently trading at $1,880, remaining range-bound between 
$1,750 and $1,950 since last Monday. This tight trading range has kept ETH in 
a consolidation phase, with neither bulls nor bears gaining full control over 
price action. For Ethereum to start a recovery rally, bulls must push the 
price back above $2,000 as soon as possible. A break and close above this 
psychological level would indicate renewed buying momentum, allowing ETH to 
potentially test higher resistance levels. However, Ethereum remains in a 
fragile position, as selling pressure continues to weigh on the market. If ETH 
fails to hold its current levels and breaks below $1,750, it could result in a 
steady continuation of the downtrend, with further downside risks emerging. 
Bears would likely target lower support zones, extending the bearish phase and 
delaying any chance of a sustained recovery. Related Reading: Bitcoin Drops 
Below 200-Day MA – Next Key Support Lies At $66K According To Mayer Multiple 
With uncertainty still dominating the market, traders are closely watching 
whether Ethereum can break out of this range or if it will extend its decline, 
following the broader market’s risk-off sentiment. The next few trading 
sessions will be critical for ETH’s short-term direction. Featured image from 
Dall-E, chart from TradingView

Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels?

Bitcoin just dropped 24% from its all-time high — what happens next? Analysts 
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Solv Protocol token was one of the best-performing tokens in the crypto 
industry after the developers raised $10 million in the first Bitcoin 
Offering. Solv Protocol (SOLV) price rose for the second consecutive day, 
reaching a high of $0.0527, marking…