Ethereum Veterans Now Selling 45,000 ETH Per Day, Highest Since Feb 2021

Recent data indicates that XRP is facing significant selling pressure, with approximately 41.5% of its supply, equating to nearly 27 billion tokens, currently at a loss. This marks the lowest profitability level since November 2024. Analysts suggest that many holders purchased XRP at prices above current levels, leading to substantial unrealized losses following a steep decline from its July peak of $3.65. The situation raises concerns about potential further declines if investors choose to sell off their holdings.

Tom Lee, executive chairman of BitMine Immersion Technologies and head of research at Fundstrat Global Advisors, claims that Ethereum (ETH) is entering a 'supercycle' similar to the one that previously propelled Bitcoin to significant gains. He compares the current rally of Ether to Bitcoin's past performance, suggesting that Ethereum could experience substantial growth in the near future. This statement has generated interest and confusion among investors and analysts in the cryptocurrency market.

Tom Lee of BitMine predicts that Ethereum (Ether) is poised for significant growth, potentially increasing by 100 times in the coming years, similar to the price trajectory of Bitcoin in the past. This forecast suggests a bullish outlook for Ether as it enters what Lee describes as the same 'supercycle' that Bitcoin experienced. The statement reflects growing optimism in the cryptocurrency market regarding Ethereum's future performance.

Dogecoin has experienced a fresh decline, dropping below the $0.180 mark against the US Dollar. The cryptocurrency is currently correcting some losses but may face resistance near $0.1650. A bearish trend is evident as the price trades below both the $0.170 level and the 100-hourly simple moving average, indicating potential for further losses if it remains below these key levels.

XRP price has begun a new decline from $2.350, showing bearish signs that could lead to further losses if it falls below $2.150. Currently trading below $2.30 and the 100-hourly Simple Moving Average, XRP has formed a short-term bearish trend line with resistance at $2.2550. A recent low was established at $2.155, indicating a consolidation of losses.

Ethereum's price has fallen below $3,200, marking a significant decline of over 5% as it struggles to maintain levels above $3,250. The cryptocurrency's recent performance indicates a fresh downward trend, with a low recorded at $3,003. A key resistance level is identified at $3,160, and if Ethereum settles below the $3,000 mark, further declines may follow. The price movement reflects broader market challenges similar to those faced by Bitcoin.

Ethereum's price has fallen to a critical support level of $3,060, marking a 35% decrease from its peak. This decline is accompanied by a drop in open interest and increased outflows from exchange-traded funds. The supply of Ethereum on exchanges has also decreased significantly, indicating a potential shift in market dynamics.

Bitcoin and Ethereum prices remained stable, with Bitcoin trading at approximately $95,648, reflecting a slight increase of 0.04%, while Ethereum was around $3,168, gaining 0.16%. Traders are closely monitoring new policy signals from Washington and London. Robert Kiyosaki, author of 'Rich Dad Poor Dad', has issued a warning regarding potential economic challenges, referring to a 'Big Print' and a global cash crunch.