The bank’s analysis says that BNB trades like “an unweighted index” of bitcoin and ether “in terms of both returns and volatility.” Standard Chartered Forecasts BNB to Hit $2,800 Within Four Years Standard Chartered Bank, the $800-billion financial institution headquartered in London, England, published a research report on Tuesday predicting that BNB, the cryptocurrency powering […]

Standard Chartered Bank Predicts $2,800 BNB by 2028

The American financial services firm Robinhood is said to be preparing the 
rollout of its own blockchain, according to two individuals with direct 
insight into the initiative. Sources noted that both Arbitrum and Solana have 
been evaluated as potential partners in the project’s development. Robinhood 
Plots Bold Blockchain Leap Much like its counterparts in the […]

Robinhood Quietly Prepping Blockchain With Crypto Powerhouses, Insiders Claim

In an update on X, crypto analyst Jascrypto pointed out that Polkadot (DOT) is 
currently forming a textbook bullish falling wedge pattern on the daily chart. 
This technical setup is often associated with a potential trend reversal, 
signaling the end of a downtrend and the beginning of a bullish breakout. As 
DOT continues to consolidate within the narrowing bounds of the wedge, market 
participants are starting to take notice. The structure suggests that bearish 
momentum may be weakening, allowing buyers to step in. With volume expected to 
increase upon a breakout, this pattern could mark a pivotal shift for DOT and 
spark a strong upside move, potentially starting a new bullish phase. Why The 
Polkadot Falling Wedge Is Bullish Crypto analyst Jascrypto recently 
highlighted that Polkadot has completed a breakout from a multi-month falling 
wedge pattern. Falling wedges are typically viewed as reversal patterns, and 
DOT’s successful breakout suggests that downward pressure may be easing after 
months of consolidation. This structural shift reflects growing optimism and 
signals that the asset could be preparing for a larger upward trend. Related 
Reading: Polkadot Price Caught In A 5-Year Channel – Can It Finally Break 
Free? Jascrypto pointed out that DOT is currently testing the 100-day and 
200-day Exponential Moving Averages (EMAs), key technical levels that often 
act as strong resistance in bearish conditions. He emphasized that a decisive 
daily close above these EMAs would validate the breakout and signal a shift in 
market sentiment. According to Jascrypto, if Polkadot maintains momentum and 
closes above these critical levels, it may pave the way for a rally toward the 
$5.5 to $6.0 range in the near term. This move would mark a significant 
recovery phase for DOT, attracting fresh bullish interest from investors. In 
an alternative scenario, Jascrypto noted that the worst-case outcome might see 
Polkadot dipping as low as $3.120 on higher timeframes. However, he added that 
such a move could set the stage for a much stronger rebound, propelling the 
price above the $7 mark once momentum returns. Momentum Indicators Lean 
Bullish – Is DOT Ready To Run? Momentum indicators are beginning to align in 
favor of the bulls, offering promising signals that Polkadot may be gearing up 
for a meaningful move higher. The 4-hour Relative Strength Index (RSI) has 
rebounded from oversold territory, hovering near the midpoint around 50. This 
shift indicates that bearish momentum is fading, and buyers may be gradually 
regaining control. Related Reading: Polkadot (DOT) Nears Critical Zone: A 
Reversal Could Trigger 180% Surge Adding to the optimistic trend, the 4-hour 
Moving Average Convergence Divergence (MACD) has shown a bullish crossover, 
where the MACD line crosses above the signal line. A move that often marks the 
beginning of a new uptrend or a pause in prior downside pressure. Combined, 
the RSI’s recovery and the MACD’s bullish signal suggest that DOT’s momentum 
is shifting favorably, setting the stage for a potential breakout continuation 
if price action remains strong. Featured image from Medium, chart from 
Tradingview.com

Polkadot (DOT) Prints Classic Bullish Falling Wedge – Big Breakout Imminent

U.S. stocks closed higher Wednesday after the Federal Reserve kept interest 
rates unchanged and Chair Jerome Powell acknowledged growing uncertainty 
surrounding the economic outlook. The S&amp;P 500 edged up 0.43%, while the Nasdaq 
Composite rose 0.27% and the Dow Jones…

Dow Jones, major indices rise as Fed holds rates steady, Powell warns of trade and inflation risks

**Key takeaways:**
 * Reclaiming the $2,200 level remains the first price challenge for ETH. 
 * ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity. 
Ethereum successfully implemented a key network upgrade on May 7, but Ether 
(ETH) price and its derivatives metrics showed little response to the upgrade. 
The lackluster response surprised traders and led analysts to question whether 
ETH still has a real chance of climbing 22% to retake the $2,200 level.
_Ether 30-day futures annualized premium. Source: Laevitas.ch_
The ETH futures premium has remained below the 5% neutral threshold, 
indicating a lack of appetite from leveraged bulls. More significantly, this 
indicator was unchanged at 3% after the Pectra upgrade, suggesting traders did 
not adjust their positions despite the upgrade&#8217;s successful deployment.
The subdued response can be partly explained by investors&#8217; focus on 
macroeconomic issues, as recession risks arise amid uncertainty in global 
trade disputes. But traders&#8217; lack of interest in Ether predates the recent 
worsening of risk aversion conditions. In fact, ETH underperformed the broader 
cryptocurrency market capitalization by 28% in the first three months of 2025.
The lackluster price impact following the Pectra upgrade reflects broader 
dissatisfaction, as competing blockchains have gained traction.
_Solana monthly active addresses vs. layer-1 competitors. Source: Token 
Terminal_
Historically, high Ethereum base layer fees may have limited network activity, 
but these costs have dropped below $1 since mid-February. Additionally, 
Ethereum&#8217;s leading layer-2 solution, Base, currently boasts 10.3 million 
monthly active users-far fewer than Solana&#8217;s 82.2 million and BNB Chain&#8217;s 25.9 
million, according to Token Terminal data.
## Ethereum lags in DApp interoperability &#8212; Will it hurt ETH price?
Solana has dominated the decentralized exchange sector, particularly in token 
launches, by offering an integrated user experience. Similarly, Hyperliquid 
has exceeded expectations in perpetual futures trading, demonstrating that 
traders&#8217; primary focus is not necessarily on Ethereum&#8217;s decentralization and 
security. Meanwhile, Tron has made significant inroads in the stablecoin 
market.
_Blockchains and DApps 30-day fees, USD. Source: DefiLlama_
Ethereum&#8217;s leadership in total value locked (TVL) remains undisputed at $53.7 
billion. However, this has provided little benefit to ETH holders, as network 
fees have been relatively low at $19 million over the past 30 days, according 
to DefiLlama. For comparison, Tron has amassed $51.8 million in fees in the 
same period, while Solana has accrued $39.4 million.
_Source:__X/ProbablyNoam_
Noam Hurwitz, head of engineering at Alchemy, noted that Ethereum blob fees 
have dropped to their lowest possible level since the Pectra upgrade. For 
Hurwitz, Ether&#8217;s success depends on base layer scalability, including further 
improvements in the rollup mechanism, and ultimately, a more seamless user 
experience.
_**Related:**__**Standard Chartered predicts BNB will more than double in 
2025**_
Bridging assets and data across Ethereum&#8217;s layer-2 ecosystem has long been a 
challenge, while users on Solana and BNB Chain can easily switch between 
multiple decentralized applications (DApps). The Pectra upgrade, while a step 
in the right direction, does not resolve this issue, which explains why ETH 
has been unable to reclaim the $2,200 level seen in early March.
For Ether&#8217;s price to climb 22% from its current $1,810 level, investors likely 
need reassurance that the network&#8217;s progress, whether through deposits or 
layer-2 growth, translates into clear benefits. Ultimately, improved staking 
yields or stronger incentives are needed to drive broader adoption of DApps, 
which in turn would generate increased demand for ETH within the ecosystem.
This article is for general information purposes and is not intended to be and 
should not be taken as legal or investment advice. The views, thoughts, and 
opinions expressed here are the author&#8217;s alone and do not necessarily reflect 
or represent the views and opinions of Cointelegraph.

Ethereum Pectra upgrade adds new features — How long before ETH price reacts?

This content is provided by a sponsor. PRESS RELEASE. Geneva, Switzerland, May 
7, 2025 – TRON DAO, the community-governed DAO dedicated to accelerating the 
decentralization of the internet through blockchain technology and 
decentralized applications (dApps), has announced a strategic collaboration 
with MoonPay, the global leader in crypto payments. The first phase of the 
collaboration enables […]