NEW: BLACKROCK SPOKESPERSON STATES "AT THIS TIME, BLACKROCK DOES NOT HAVE ANY PLANS TO FILE AN XRP OR A SOL ETF" - PER THE BLOCK

Swiss Bank Sygnum Launches Regulated SUI Custody and Trading for Institutions

INDIA PAUSES PLANS TO BUY U.S. ARMS, INCLUDING P8I AIRCRAFT, STRYKER VEHICLES, JAVELIN MISSILES - SOURCES

EXCLUSIVE-INDIAN DEFENCE MINISTER CANCELS PLANNED VISIT TO U.S.

COINBASE TO ADD DEX TRADING TO THE COINBASE APP

Based on the structure wise, we are still doing okay in the BTC.

Similar what I've anticipated on yesterday's analysis, this is still becoming the strong area of support which need to be tested.

As long as the price doesn't breach below this yellow zone, upside rally will come sooner.

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Over the past few days, $ETH has experienced a notable surge in both first-time buyers and momentum buyers — a clear sign of fresh demand entering the market. This is complemented by renewed participation from existing holders, who are showing confidence by raising their cost basis. The combination points toward growing conviction and potentially sustained upside momentum.

Bitcoin is currently trading above the $116,000 level, which is a positive sign. A small symmetric triangle has formed on the lower time frames, and a break from this pattern will determine the next direction for the price. The resistance and support levels remain unchanged.

$ETH Heatmap: MVRV Red, Sellers Exhausted, ATH Ahead

ETH is knocking on the $4,400 door after a massive run from $2,400, both price action and on-chain momentum are aligned for a potential breakout.

🔹 MVRV_norm → Deep red, majority of supply in profit. Historically can trigger sell pressure, but rally phase still intact.
🔹 Supply_in_loss_norm → Near historical lows, sellers almost exhausted.
🔹 Realized_price_norm → Rising with spot, showing fresh capital inflows.
🔹 NUPL_norm → High-positive zone, profits up but not yet full euphoria.
🔹 Supply_in_profit_norm → Elevated, confirming widespread profitability.

Break & hold above $4,000 could send ETH toward $5,000+ (ATH).

Watch for profit-taking if momentum fades after breakout.

Binance ETH OI Prints One of the Largest Daily Upticks in Months

In the last 24H, ETH Open Interest on Binance jumped $681M (+6.9%), one of the largest daily buildups in months.

Price is steady near $4,136, but this kind of OI surge on Binance often precedes major volatility.

May 19, 2025: +$640M OI → ETH +7% in 3 days
Feb 24, 2025: +$580M OI → ETH -5% in 2 days

Key On-chain Take:
OI spikes alone don’t call direction, but on Binance, they almost always signal a big move is coming.

Binance still dominates ETH derivatives with unmatched depth, global trader participation, and tight spreads.

Watching closely, next few days could get interesting for $ETH.

Based on the structure wise, we are still doing okay in the BTC.

Similar what I've anticipated on yesterday's analysis, this is still becoming the strong area of support which need to be tested.

As long as the price doesn't breach below this yellow zone, upside rally will come sooner.