Can Ethereum (ETH) Bulls Break the $2K Barrier or Are They Stuck in a Bearish Loop?

By: bitcoin ethereum news|2025/05/06 19:45:01

Ethereum is holding at the $1.8K mark. $21.12 million worth of ETH has been liquidated from the market. The brief uptick in the crypto market cap supports the prevailing mixed sentiment, resulting in a jump between the red and green charts. Bitcoin is trading at around $94.3K, while Ethereum has entered the $1.8K zone. Will the bullish grip initiate a rally soon? The largest altcoin, Ethereum (ETH), continues to stay in the bearish zone with a 0.51% loss. The altcoin’s mighty bearish trend line will attempt a recovery after crossing over $2K. In the early hours, Ethereum traded at a low of $1,793, and gradually it climbed to the high range of $1,832. The bullish command has failed to sustain, and at press time, Ethereum traded within the $1,802 mark. Moreover, the daily trading volume has spiked by over 9.46%, reaching $10.99 billion. Notably, the market has witnessed a liquidation of $21.12 million worth of Ethereum in this interval, as per Coinglass data. Following a six-month pause, an Ethereum whale has withdrawn 1,700 ETH valued at $3.1 million from Binance. The whale’s total holdings now stand at 5,000 ETH, currently with an unrealized loss of $3.6 million. Can Ethereum Escape the Bearish Zone? ETH’s active bearish pressure on the four-hour trading chart has triggered the potential bears to stay and pull back the price to its previous low in the $1,780 range. In case of the emergence of a death cross, the price could slip to $1.6K. Contrarily, a bullish wave initiated could push the price up to the resistance at around $1,842. Assuming ETH bulls stay for a prolonged gain, it might drive the price toward the $1.9K level, with the target of hitting the long-anticipated $2K. The MACD line and the signal line of the altcoin have crossed below the zero line. This implies a sturdy bearish crossover, with the asset’s potential for more downside correction. Besides, the CMF indicator of ETH found at -0.09 points out the capital outflow, with the selling pressure outweighing the buying pressure. Additionally, the RSI is positioned at 44.36, indicating that the asset is in neutral to slightly bearish territory. The BBP reading of Ethereum staying at around -19.95 suggests the bears are dominating the market with strong momentum. Highlighted Crypto News Gemini Exchange Adds Ripple’s RLUSD Stablecoin to Trading Platform Source: https://thenewscrypto.com/can-ethereum-eth-bulls-break-the-2k-barrier-or-are-they-stuck-in-a-bearish-loop/

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.