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Crypto
Ethereum $3,000 outlook reemerges in May as market eyes three variables
A forecast has emerged that Ethereum could again test the $3,000 level in May. Technical indicators and on-chain data suggest further upside despite an 8 percent pullback from a 10-week high around $2,460, Cointelegraph reported. Investors are watching a bull-flag pattern and a potential breakout above $2,350, support around $2,000, and spot-market buying dominance flagged by CryptoQuant data. Key levels include $2,350 and $2,400.
Crypto
Bitcoin buying clusters in $60,000 to $70,000 range, confirming dip buying
About 844,275 bitcoin have been newly accumulated this year in the $60,000 to $70,000 price range, bringing the amount last moved on-chain at those levels to 1,845,766 bitcoin, data showed. That totals about 9.23 percent of circulating supply, suggesting holders may be reluctant to sell below that range. Trading traces in the $70,000 to $80,000 band were much thinner, at about 400,000 bitcoin.
Crypto
Bitcoin stuck in range as Glassnode cites lack of catalyst for gains
Bitcoin has remained in a $60,000 to $70,000 range without a clear direction. On-chain analytics firm Glassnode said market conviction is weak as there is no catalyst to drive a breakout. It cited a strong supply cluster in the $80,000 to $126,000 area as resistance, and said loss supply remains elevated. Glassnode also pointed to limited spot and corporate demand and subdued derivatives indicators, suggesting range-bound trading may persist.