Key facts: ETHUSD Holds Above $2,067; Selling Pressure and Neutral Sharpe
TradingView·- ETHUSD holds above the $2,067 support while facing resistance at the 20/50/100-day EMAs, with key resistance levels at $2,211, $2,225, and $2,244. - Selling pressure arises from institutional ETF outflows, Ethereum Foundation departures, and increased competition. - Despite these challenges, Ether maintains a significant role as a settlement layer in DeFi, with approximately $43B in liquidity and a 76.9% share of the tokenized ETF market.Key facts: ETHUSD sellers realized ~$74.6M; targets range $1,071–$4,000
TradingView·- ETHUSD experienced a decline of approximately 5.5% over three days, resulting in around $74.6 million in realized profits from trades clustered near $2,241. - Analyst Ali Martinez set price targets for ETHUSD at $1,900 short-term, $1,595 mid-term, and $1,090 long-term, highlighting a strong-buy zone around $1,071. - Analyst Tom Tice suggests that ETHUSD may reach $4,000, noting indicators of accumulation and a potential upside breakout.Animoca-backed NUVA connects Figure's $19 billion of tokenized assets to Ethereum
coindesk·- NUVA, developed by Animoca Brands and Nuva Labs, is an Ethereum-based marketplace connecting $19 billion in tokenized real-world assets to decentralized finance. - The platform launches with two key products: a Treasury-linked yield vault and a token related to Figure Technologies' $18 billion home equity line of credit portfolio. - CEO Anthony Moro stated that NUVA seeks to establish a global distribution layer for institutional-grade products accessible to retail users for trading, lending, or collateral use in DeFi.Washington Has Talked about Crypto for Years. The Market Is Watching this Vote
Tip Ranks·- The U.S. Senate Banking Committee is set to vote on the CLARITY Act on May 14, potentially reshaping the crypto industry. - This legislation clearly delineates regulatory authority between the SEC and CFTC over digital assets, addressing longstanding legal uncertainties for crypto companies. - If passed, it would mark a historic advancement in U.S. crypto policy, building on the House's previous approval and offering legal protections for DeFi developers.