Since the beginning of the month, Ethereum (ETH) has been steadily declining, spending three weeks below the trend line. This downturn has tested investor patience, putting ETH under pressure.
There is some hope, though, as Ethereum whales are intervening to stop a catastrophic meltdown.
Ethereum whales save the day
Ethereum Whale has eagerly purchased the ETH sold by larger wallet holders’ addresses with 100,000–1,000,000 ETH. This generation spent $3.5 billion, or 1.1 million ETH, in a single day over the weekend. It is believed that their buying binge is an attempt to stabilize the coin.
By taking this action, mid-tier whales are showing their strong belief in Ethereum’s possible comeback and rebuffing the selling pressure from larger holders. The market is still cautious as traders determine if ETH can break out of its current downturn, even though this action has reduced immediate risks.
There are conflicting indications from Ethereum’s macro momentum. A recent surge in active wallet addresses to 784,000 indicates more activity. But soon after, this figure dropped precipitously to 547,000, indicating growing investor apprehension amid persistent market crash fears.
Since market sentiment is still uncertain, this drop in active involvement may hinder Ethereum’s comeback. ETH’s battle to regain upward momentum is expected to be prolonged as investors wait for more stability and bullish signals before reentering the market.
ETH price prediction: Finding a way through the downtrend
Ethereum (ETH) was trading below $3,200 at the time of writing, having spent three weeks in a row below the downtrend line. The crucial support level of $3,131, which is still a major area of focus for traders, is still above ETH despite the bearish pressure.
The price of ETH may drop further to reach $3,028 if the downward trend continues and it breaks the $3,131 support. A drop like that would make recovery less likely and put Ethereum in a precarious position as market turbulence keeps increasing.
The negative view could be disproved, though, if the downtrend line is broken and $3,303 is recovered as support. Both fresh purchasing pressure and broad market indications would need to strongly support this rise.
If this is accomplished, Ethereum may rise to $3,500, giving investors much-needed respite.
Nvidia stock soars 5% as traders buy $560 million NVDA shares amid DeepSeek-Led rout
Following a 17% drop in the previous session, the price of Nvidia’s stock surged over 5% in today’s pre-market session as traders purchased $560 million worth of NVDA shares.
After a sharp drop in the previous day, investors were relieved when the price of Nvidia’s shares rose 5.4% in the pre-market session today. Notably, Nvidia experienced the largest one-day decline of any Wall Street company on Monday, losing close to $600 billion from its market value. The recovery in the NVDA stock today, however, seems to have been aided by ordinary investors seizing the chance to purchase the drop.
The previous decline coincides with a larger selloff in the worldwide market as China’s AI startup DeepSeek challenges US leadership in the field. Furthermore,
Nvidia stock price soars as traders buy $560M NVDA shares
The price of Nvidia’s stock has increased significantly this week, particularly after the company’s price dropped by almost 17% the day before. On Monday, Jan. 27, the NVDA shares closed at $118.42. Nonetheless, it seems that investors continue to have a positive outlook on the asset’s long-term course.
The NVDA stock price surged over 5% during today’s pre-market session, indicating that traders’ confidence is growing. Additionally, retail investors are also on a purchasing binge, which seems to have contributed to the recent increases in the shares of the chip manufacturer.
For background, Walter Bloomberg said in a recent X article that after Monday’s tech meltdown, individual investors bought a “record $562.18 million in NVIDIA Stock.” Interestingly, the accumulation tendency was attributed to the VANDA Research report by the X handle.
Global tech market faces massive sell-off amid DeepSeek saga
There were other Wall Street companies that suffered yesterday besides Nvidia. For background, Chinese AI startup DeepSeek made headlines on Monday for its low-cost efficacy, which put tremendous selling pressure on the global IT market, particularly on AI-focused companies. Notably, a Chinese AI company may have competed with OpenAI for the top spot in the Apple store.
According to a flurry of recent publications, the AI company demonstrated greater productivity at a lower cost than the US AI enterprises. Investors are now wondering if Nvidia may need to change its GPU pricing plans in the future. Notably, if this price reduction occurs, investor sentiment may be severely tempered.
What’s next for NVIDIA stock price?
Investor trust in the asset is being restored, as seen by the recent surge in the price of NVDA stock in the early hours of the US day. It’s important to remember, though, that DeepSeek continues to garner attention due to recent events, with a wave of tech aficionados turning their attention away from US companies and onto the Chinese upstart.
Notably, Sam Altman of OpenAI recently praised DeepSeek’s R1 model introduction, recognizing the company’s strength and inventiveness. Nvidia sees DeepSeek’s AI innovations as a good thing, despite early reservations, underscoring the value of its chips in the Chinese market.
In order to support DeepSeek’s services, the chip manufacturer anticipates a rise in demand for its chips. Investor concerns that had caused a 17% stock decline were allayed by a Reuters report that quoted the company’s comment. According to Nvidia’s outlook, DeepSeek’s innovations may eventually help the business by stabilizing the price of its shares and even promoting growth in the Chinese market.
Pepe Coin price flashes buy signal after 55% crash
Examine the causes of this year’s Pepe coin price collapse and the reasons why important indicators like as MVRV, open interest, and whale accumulation suggest a recovery.
Since November 2024, the price of Pepe Coin has crashed by 55% as a result of losing upward momentum. This decline was a recurring pattern in cryptocurrencies, particularly in joke coins like PEPE and Bonk. But according to on-chain metrics like the MVRV indicator and open interest, the frog-based cryptocurrency Pepe might be ready for a comeback.
The continued Pepe whale accumulation lends support to this optimistic view of MVRV and futures open interest. A bullish turnaround may be imminent in the upcoming weeks, as evidenced by the whales’ buying binge that removed 30 trillion PEPE tokens from the market.
Pepe Coin price crashes, but open interest spikes
Data from Coinglass indicates that the price of Pepe Coin has deviated from the open interest (OI) for futures. Compared to December of last year, when it was only $140 million, the daily interest has stayed above $400 million. About $405 million was the lowest amount of open interest in futures this year.
OI is a crucial figure that examines called and put contracts that have been opened but not yet settled. Generally speaking, a greater number indicates that a cryptocurrency is bullish.
Furthermore, amid the continuing downturn, the daily volume of Pepe traded in the spot market has stayed increasing. On Tuesday, Pepe’s daily volume reached $1.07 billion, surpassing that of the most well-known meme currencies, like Floki, Bonk, and Shiba Inu.
These indicators all point to increased investor interest in PEPE and the possibility of a volatility move in the near future.
PEPE bounce likely as MVRV indicator flashes buy signal
As it extends from -15% to -25%, the 30-day Market Value to Realized Value (MVRV) indicator has flashed a buy signal as it dives into the purchase zone. The indicator is currently hovering around -23%, meaning that investors who bought PEPE within the last month have lost an average of -23%.
History demonstrates that short-term holders give up and sell when the 30-day MVRV falls between -15% and 25%. At these levels, long-term or astute investors frequently purchase, which leads to an increase in purchasing pressure and a subsequent reversal.
When the 30-day MVRV fell into these ranges in August, November, and December of 2024, the price of Pepe Coin increased by 72%, 71%, and 51%, respectively.
Pepe’s worth might be set up for a similar move if history repeats itself.
Key targets to book profits after PEPE bounce
After hitting its record high of $0.00002825 in December, the Pepe Coin price has since declined, according to the daily chart. It has fallen below the critical level at its peak in March 2024, $0.00001722. This retreat took place as it created the well-known bearish indicator of a head and shoulders pattern.
Pepe has also made his home at the Murrey Math Lines’ main S&R point. A well-known momentum indicator, the Relative Strength Index, is getting close to the oversold level of thirty.
The most likely scenario, then, is for PEPE‘s price to fall to the bottom of the trading range at $0.00000895 before rising again. The rising trendline connecting the lowest swings since April 2024 also occurs at this level.
If Pepe recovers and breaks above the crucial resistance level at $0.00001722, the high from March 2024, then more gains will be verified. More gains could result with crossing above that level, possibly reaching the all-time high of $0.00002825, which would be 122% higher than the present level.
The optimistic outlook will be rendered meaningless, nevertheless, if the price falls below the rising trendline and the trading range’s bottom at $0.0000089. Such a move will indicate that there are enough bears to push it lower and that the head and shoulders pattern is effective.
