The Stacks Asia DLT Foundation has become the first Bitcoin-based foundation to register within the Abu Dhabi Global Market. The move aims to support the expansion of Bitcoin (BTC) layer-2 technology across the Middle East and Asia. The foundation will…

Stacks Asia joins Abu Dhabi Global Market to boost Bitcoin L2 growth

Ethereum is now facing a critical test as it trades within a tight range, 
sitting below the $1,850 resistance and above the $1,750 support. After a 
strong recovery from the $1,400 level earlier this month, bulls have managed 
to stabilize price action, but the real challenge is now unfolding. To confirm 
a sustainable bullish structure, Ethereum must decisively reclaim the $2,000 
level in the coming days. Related Reading: Solana Will Face A Pivotal Moment 
In May – Bear Market Bounce Or Bull Market Dip? Market sentiment remains 
cautious as Ethereum consolidates below resistance while macroeconomic 
uncertainty continues to weigh on risk assets. Top crypto analyst Big Cheds 
shared insights on X, highlighting a technical concern: Ethereum is displaying 
a 4-hour bear divergence on the On-Balance Volume (OBV) indicator, along with 
an upper shadow structure. With volatility expected to rise and traders 
closely watching for a breakout or breakdown, the coming sessions could define 
Ethereum’s trend for the next several weeks. Bulls need to act quickly to 
maintain momentum and prevent bears from regaining control. Ethereum Battles 
Resistance As Bulls Try To Keep Control Ethereum is starting to show early 
signs of a bullish structure on low time frames, giving bulls hope for a 
broader recovery. After pushing from the $1,400 local low, ETH has managed to 
hold above key moving averages and consolidate within a tight range. However, 
the market remains highly cautious, and selling pressure could increase 
quickly if bulls fail to reclaim higher levels. Momentum has shifted in 
Ethereum’s favor over the past few days, and several analysts are calling for 
a potential massive breakout if key resistance levels are breached. A 
confirmed breakout above $1,850 could open the door for a swift move back to 
the $2,000 psychological level. Nevertheless, risks remain elevated, and an 
opposing bearish view suggests that Ethereum could revisit the $1,300 zone if 
bulls lose control. Ched&#8217;s critical insights point out that Ethereum is 
forming a 4-hour bearish divergence on the On-Balance Volume (OBV) indicator. 
This, combined with the appearance of an upper shadow on local structure, 
signals weakening buying pressure. According to Cheds, a short position could 
be triggered if Ethereum loses the $1,750 support zone, which would confirm a 
breakdown from the current consolidation pattern. Related Reading: SUI Shows 
Relative Strength Against Bitcoin – New Uptrend In Play? Technical Details: 
Key Levels To Change Structure Ethereum is trading at $1,815 after days of 
tight consolidation and modest upward movement. Bulls have managed to defend 
the $1,750-$1,800 support range, but the real test remains ahead. To shift the 
broader bearish structure into a confirmed bullish trend, Ethereum must 
reclaim the $2,100 level. Without this breakout, any rallies are likely to be 
seen as temporary relief within a broader downtrend. Holding above the $1,800 
level is critical in the coming days. A firm base above this zone would help 
build strong demand and create the conditions needed for a sustained recovery 
rally. Bulls are gaining some short-term momentum, but they still face a 
market clouded by macroeconomic uncertainty and cautious sentiment. Related 
Reading: Ethereum Reclaims Local Range Against BTC – Can Bulls Target The 
Range High? If Ethereum fails to maintain support at $1,750, downside risks 
will grow rapidly. Breaking below this zone could trigger a sharp sell-off, 
likely sending ETH toward the $1,500 mark. As the market shows signs of 
strength, Ethereum’s next move will be decisive. It will determine whether it 
can join a larger recovery trend or continue struggling within a volatile and 
uncertain environment. Featured image from Dall-E, chart from TradingView

Ethereum Shows 4H Bearish Divergence – Can Bulls Hold $1,750?

Lombard has partnered with Eigenlayer and the Eigen Foundation to integrate 
bitcoin into Eigenlayer’s restaking ecosystem. This marks the first time 
bitcoin (via Lombard’s LBTC) will be used as collateral for decentralized 
services on Ethereum. Lombard’s LBTC Integrates With Eigenlayer, Unlocking New 
Bitcoin Utility The collaboration enables bitcoin (BTC) holders to restake 
LBTC, earning yield […]

Lombard, Eigenlayer Partner to Bring Bitcoin Restaking to Ethereum Ecosystem

OKX is launching a self-custodial payments platform that is says will feel 
like Venmo and CashApp.

OKX unveils OKX Pay to bring self-custodial crypto payments to the mainstream

Payments giant Mastercard is taking a ‘360-degree’ approach to the adoption of 
stablecoins, teaming up with OKX and Nuvei to power the initiative. Mastercard 
announced in a press release on April 28 that its partnership with OKX and 
Nuvei will…

Mastercard announces ‘360-degree’ approach to stablecoin adoption

ProShares XRP futures ETFs will not launch on April 30 despite filing 
clearance, Bloomberg analyst James Seyffart confirms.
The post ProShares XRP futures ETFs face launch delay appeared first on Crypto 
Briefing.