TRENDING:

Trade War

XAU/USD

Ethereum: Trapped in the long term

ETH stuck in an upward sloping contracting channel.
Chances of a bearish rising wedge formation not ruled out.

Manoj B Rawal Independent Analyst

Ethereum, the second largest cryptocurrency by market capitalisation, has found itself stuck in an upward sloping contracting channel which may even take a shape of a rising wedge over a period of time, that would be bearish for the prices.

ETH/USD is down 0.85 percent at $143.04 and trading in a 4 percent range for the day, in a lower volume and still better volatiility weekend trading. On the daily chart, this ambitious second largest coin has found itself stuck in an upward sloping contracting channel that may take a shape of rising wedge too.

For now, the price is stuck exactly at the middle point of the channel where upside is capped at $171 and downside capped at $120.

ETH/USD daily chart:

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Author

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

Solana Price Forecast: Mixed market sentiment caps recovery

Solana (SOL) is trading at $79 as of Friday, following a correction of over 9% so far this week. On-chain and derivatives data indicates mixed sentiment among traders, further limiting the chances of a price recovery.

DeFi platforms Ethena and Polygon eye recovery after sustained downturn

Ethena (ENA) is trading around $0.116 on Friday, posting a 6% rise earlier before tapering some of those gains over the past 24 hours. The move comes as ENA investors are down by an average of about 70%.

Aave Labs proposes framework to push all revenue to DAO

Aave Labs (AAVE) has introduced a new proposal, the Aave Will Win Framework, designed to better align incentives across its ecosystem. The proposal suggests channeling all revenue generated from Aave-branded products directly into the treasury managed by the Aave DAO.

Pi Network Price Forecast: PI bulls resurface at a crucial support level

Pi Network (PI) is up almost 1% at press time on Friday, extending the 2% gains from the previous day. Renewed buying pressure, evidenced by increased withdrawals from exchanges supporting the PI token, and reduced outflows from the Pi Foundation, adds tailwinds.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.