The price of Ethereum anticipates a decline to $1,290. This level may come before a significant rebound and is the average cost base for whales.
Following the recent selloff in risky assets, the price of Ethereum is currently suffering at a two-year low. Except for whales, who are still trading above their realized price, the decline forced many ETH holders into losses. According to a recent CryptoQuant analysis, the price of ETH will next find support at the average cost base for these large addresses.
Ethereum price eyes drop to support at $1,290
Since ETH fell below $2,200, most Ethereum holders—aside from whales—have been sitting on enormous losses, according to data from CryptoQuant. This crucial Ethereum price level represents the typical pricing basis at which the majority of traders bought Ethereum.
Whales holding over 100,000 ETH, on the other hand, have a substantially lower realized price of $1,290. Whales may start selling their holdings in an attempt to reduce losses as the price of Ethereum struggles at multi-year lows and appears to be about to drop further lower. Because of this, ETH is probably going to fall and find support at $1,290.
Ethereum has previously fallen to find support at the realized whale price, according to the CryptoQuant research. For example, during the Terra Luna collapse in 2022, the price of Ethereum fell to test support at $870 before rising sharply.
On-chain data, however, suggests that whales are still optimistic. The latest slump saw a rapid accumulation of this cohort. When Ethereum fell below $1,700, two significant whale addresses purchased 30,000 ETH, worth over $49 million, according to SpotOnChain.
Analysts remain bullish on Ethereum price
The price of Ethereum is expected to show a robust recovery and could regain levels above $2,000, according to analysts.
Following the current drop, one analyst said that ETH is now imitating the market crash in March 2020, when the price formed a local bottom.
Similar Ethereum price predictions were made by Trader Crypto General, who pointed out that following the current decline, the price of Ethereum challenged a significant support level at $1,500. ETH will go into consolidation before a huge pump occurs if it holds this support level.
Given these optimistic forecasts, the price of Ethereum is probably going to hold steady over $1,400 and avoid plunging to $1,000.
Ethereum derivatives data shows a bullish outlook
The price of Ethereum (ETH) was seen favorably by the futures market. Following the latest crypto market fall, ETH has eliminated all long holdings, according to the liquidation heatmap with a seven-day lookback time. This eliminates the possibility of additional declines brought on by forced selling.
In addition, there is a hot liquidation zone at $1,837 above the price. ETH may rise as a result of this zone acting as a magnet.
If the altcoin rises, numerous short positions on ETH will also be liquidated at the $1,837 price level. The buy-side pressure will rise as a result of the liquidation of these short positions, leading to significant price increases.
In conclusion, even though the support level for whales is at $1,290, the price of Ethereum might be ready to rise again. It may make a significant recovery, according to analysts’ price predictions and derivatives data.
Ripple acquires Hidden Road for $1.25 billion to boost XRP and RLUSD utility
Hidden Road is a global prime brokerage platform that Ripple has agreed to buy for $1.25 billion. The agreement signifies Ripple’s entry into the institutional financial infrastructure and is one of the biggest mergers in the cryptocurrency industry.
By making this step, Ripple (XRP) becomes the first cryptocurrency business to possess a prime broker that manages multiple assets and operates globally.
Understanding Ripple’s $1.25 billion acquisitions
Over 300 institutional clients are served by Hidden Road, which processes about $3 trillion worth of trades annually in a variety of areas, including fixed income, digital assets, foreign exchange, and derivatives.
Reliable infrastructure for institutional investors is a significant need in the cryptocurrency industry that the purchase seeks to fill.
Ripple intends to provide financial institutions with a full range of trading and clearing tools that adhere to conventional finance regulations by incorporating Hidden Road’s services.
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted…
— Brad Garlinghouse (@bgarlinghouse) April 8, 2025
Hidden Road will have the funds to expand its offerings and expand internationally thanks to Ripple’s sizable balance sheet. As it increases access to both traditional and digital markets, the company is anticipated to rank among the biggest non-bank prime brokers.
Additionally, the transaction makes Ripple’s RLUSD stablecoin stronger. RLUSD will be used as collateral for all of Hidden Road’s brokerage products. As a result, RLUSD will be the first stablecoin to facilitate cross-margining between conventional and cryptocurrency asset classes.
Hidden Road will move its post-trade procedures to the XRP Ledger as part of the integration. In addition to lowering operating expenses, this action will demonstrate how the blockchain may facilitate institutional-level decentralized finance.
In keeping with its drive into enterprise payments and asset management, Ripple also intends to offer digital asset custody services to Hidden Road customers.
What does it mean for XRP Ledger?
Despite its high market value, the network’s underutilization has been a source of concern for the XRP community in recent months.
In comparison to other significant blockchains, the daily decentralized exchange (DEX) trade volume on the XRP Ledger as of March was a pitiful $44,000. Additionally, the network behind in terms of smart contract engagement, validator count, and node distribution.
Thus, the XRP Ledger’s persistent utility issues are directly addressed by Ripple’s acquisition of Hidden Road.
Total value locked (TVL), DEX trading volume, and on-chain activity will all rise as Hidden Road moves post-trade activities to XRPL and employs Ripple USD (RLUSD) as collateral.
Additionally, by encouraging institutional actors to engage with the ledger, the migration may increase the number of validators and smart contract users.
This practical connection could increase network involvement and bolster XRPL’s usefulness.
Will Dogecoin price ever reach $1?
Several observers predict that the price of Dogecoin will encounter obstacles on its way to $1. Will DOGE be able to surpass the odds and reach its goal in 2025?
The price of Dogecoin had a significant increase in the final quarter of 2024. In a few of weeks, DOGE rose from $0.11 to $0.46 during this time. The DOGE community was encouraged by the rally to believe that the biggest meme coin would hit $1 by 2025. However, this surge has been hampered by a number of issues, including as tariff conflicts, low utility, and Elon Musk’s silence regarding Dogecoin. According to analysts, this price objective could not be reached anytime soon.
Analysts speculatr whether Dogecoin price will reach $1
The Dogecoin community is still optimistic that the price will rise to $1 in the future. Top cryptocurrency market analysts, however, have offered a number of explanations for why this meme coin would never reach this price point in the foreseeable future.
Under an X post by Michael Gayed, who stated that he has never been able to comprehend why this top ten cryptocurrency has never hit $1, the analysts offered their opinions.
I still don’t understand why Dogecoin never got to $1
— Michael A. Gayed, CFA (@leadlagreport) April 6, 2025
Analyst DerektheCleric responded to the post by stating that Dogecoin’s tokenomics made it “basically impossible” for its price to hit $1. He noted that Dogecoin has no upper limit on its quantity, in contrast to Bitcoin. He went on,
“You can produce it like fiat. Its price will always relate to its production cost.”
Others noted that the majority of present owners purchased Dogecoin at a markedly reduced price. As a result, these traders sell whenever DOGE begins to breach near $1, which lowers the price.
Elon Musk, the CEO of Tesla, was even cited by some as the primary cause of Dogecoin’s potential failure to ever hit $1. They noticed Musk’s silence over DOGE. This opinion is similar to that of a prior data that said that Musk’s association with the DOGE department had destroyed Dogecoin’s appeal.
Key factors that coulf drive Dogecoin to $1
Dogecoin (DOGE) price may reach $1 due to a number of variables. The approval of a spot DOGE ETF is one of these elements. In order to provide institutions with access to these products, asset managers Bitwise and Grayscale have applied for a spot DOGE ETF.
The likelihood that the SEC will approve a spot DOGE ETF in 2025 has increased to 69% on Polymarket. The primary driver that pushes DOGE to $1 will be this approval, if it occurs.
Second, this price surge may also be fueled by rising utility. Leading sites like Twitch and Tesla currently accept DOGE as a form of payment. A price increase to $1 will occur if more businesses support DOGE payment.
Finally, such a surge will be supported by the growing usage of the Dogecoin blockchain. DOGE will greatly benefit from this adoption, which will accelerate price increase.
Dogecoin technical analysis as buy signal emerges
Technical analysis on the shorter timescale suggests a comeback, even though analysts have mixed predictions about Dogecoin’s price and why it would never hit $1.
Usually indicating a purchase signal, the MACD line has crossed above the signal line. Following the emergence of this buy signal, DOGE recovered from a multi-month low. This desire might be the driving force behind the meme coin’s rise as long as it persists.
A bullish divergence is also seen in the bars of the AO histogram. Bulls may spur additional gains to the 123.6% Fib of $0.22 if they drive DOGE over the 78.6% Fibonacci level of $0.18.
As a result, unless there is widespread acceptance and the SEC authorizes a spot DOGE ETF, Dogecoin’s price may never hit $1 in 2025. But according to the four-hour chart, DOGE has developed a buy signal that might support a surge to $0.22.
