Ethereum (ETH) is trading lower this Sunday (24), struggling to maintain the US$ 3,300 level as support.

With a daily devaluation of 4%, ETH seems increasingly distant from its annual high above the psychological level of US$ 4 thousand.

Therefore, check out below what technical analysis has to say about the price movement of the second largest cryptocurrency in the world.

Ethereum loses support

The 4-hour chart below shows that Ethereum, with its recent drop, has lost support offered by the 9-period (blue) and 21-period (orange) exponential moving averages. These EMAs had been acting as support since they made a bullish crossover last Thursday (21).

New coins like FINE, launched three days ago, have seen their market cap hit $2.5 million. CHILLGUY, fueled by the TikTok hype, has amassed 120,000 holders and reached $129 million in daily trading volume.

CHILLFAM, following in the footsteps of CHILLGUY, quickly reached a market cap of $10 million with a 300% price increase, showing the potential for continued interest in these emerging tokens.

This is fine (FINE)

FINE, which launched on Pumpfun just three days ago and has now graduated to Raydium, is looking to capitalize on the growing trend of coins paired with animated video.

Bitcoin (BTC) is trading down this Sunday (24), with its price experiencing a 1.5% devaluation in 24 hours.

The cryptocurrency is trading below $97,000 at the time of writing. With that in mind, should further declines be expected or will BTC be able to resume its upward movement?

Bitcoin has found a top?

After recording a new all-time high price of $99,645 last Friday (22), it seemed like it was only a matter of time before Bitcoin would surpass the $100,000 barrier. However, the price movement since then has been in the opposite direction.

Kraken, one of the world’s leading cryptocurrency exchanges, has announced plans to list 19 new tokens. The announcement includes a variety of popular memecoins, as well as three additional blockchains.

The news sparked optimism in the crypto industry, with many anticipating a more favorable environment for token listings under the new Trump administration.

What Kraken's new listings will look like

According to the recently published tradable assets roadmap, Kraken will add the Binance Smart Chain, dYdX, and Arweave blockchains to its platform. Each integration will include support for the native tokens of these networks.

The price of Solana (SOL) hit a new all-time high of $264.39 during trading on Saturday (23). Since then, its price has corrected by 3%, causing the popular altcoin to trade at $255.12 at the time of writing.

Despite this pullback, the bullish bias towards the altcoin strengthens. An analysis of its daily chart highlights two reasons why a new Solana all-time high could be on the horizon.

Solana bulls remain strong

ADA, the native coin of the Cardano blockchain, has made a significant price breakthrough. It has crossed the $1 mark for the first time in two years. At the time of writing, the altcoin is trading at $1.09, a price level last seen in April 2022.

In the past 24 hours, the price of ADA has surged by 24%, and its trading volume has increased by 131% in the same period. With increasing buying pressure, the Cardano coin’s price rally is set to continue.

Artificial intelligence (AI) has emerged as the most dominant narrative in the crypto space, redefining trends and capturing the attention of investors. Some of the best AI altcoins are capitalizing on this wave, gaining relevance as the technology advances.

Examples include tokens such as TFUEL, ZIG and AKT, which are strategically positioning themselves in this innovative scenario.

Theta Fuel (TFUEL)

TFUEL is the currency of Theta Network, a blockchain-based video streaming platform. Its approach aims to reduce streaming costs while improving content quality and expanding distribution reach.

Donald Trump, the President-elect of the United States, has appointed Scott Bessent as Secretary of the Treasury for his administration. This decision has generated excitement in the emerging industry due to Bessent’s pro-crypto reputation.

Bessent and Cantor Fitzgerald CEO Howard Lutnick were considered strong favorites for the position. However, Lutnick was eventually nominated as Secretary of Commerce.

Crypto Industry Bullish on New Treasury Secretary

In an announcement on Truth Social on Friday (22), Trump praised Bessent as the ideal candidate to support his administration's economic goals. The president said Bessent will play a key role in strengthening the U.S. economy, fostering innovation and maintaining the dollar's status as the global reserve currency.

Mythical Games, in partnership with FIFA, has revealed plans for FIFA Rivals, an officially licensed mobile football game. The game will be free-to-play on iOS and Android and is expected to launch in mid-2025.

The game will allow players to build and manage their own football clubs and compete in real-time online matches.

FIFA Rivals will integrate NFTs

Mythical Games, known for its mobile game NFL Rivals, will also be incorporating NFTs into FIFA Rivals. As the studio told BeInCrypto, the game will have its own dedicated NFT marketplace. Players will be able to trade their favorite soccer stars as NFTs.

Donald Trump’s victory in the US election on November 5 has boosted the overall crypto market, which is now in its third week of growth. Major altcoins have hit new highs, while smaller tokens have seen spikes in value, benefiting traders.

Large investors, known as whales, have also increased their accumulation of select assets. This week, their purchases included Dogecoin (DOGE), Ethereum (ETH) and Shiba Inu (SHIB).

Dogecoin (DOGE)

Dogecoin is one of the altcoins that crypto whales have been buying this week. However, the increase in net inflows from large holders during the analysis period confirms this. According to data from IntoTheBlock, this has spiked 112% in the last seven days.

Donald Trump’s victory in the US election on November 5 has boosted the market, now in its third week of growth. Major altcoins have hit new highs, while smaller tokens have seen spikes in value, benefiting traders.

Crypto whales have also taken notice, increasing their accumulation of select assets. This week, their purchases included Dogecoin (DOGE), Ethereum (ETH), and Shiba Inu (SHIB).

Dogecoin (DOGE)

Major memecoin Dogecoin is one of the altcoins that crypto whales have been buying this week. However, the increase in net inflows from large holders during the reporting period confirms this. According to data from IntoTheBlock, this has spiked 112% in the past seven days.

Cboe Global Markets Inc. has announced plans to introduce the first cash-settled index options tied to the spot price of Bitcoin.

Cboe's Bitcoin ETF options will debut on Dec. 2, based on its Index ETF, which tracks a group of U.S.-listed spot Bitcoin exchange-traded funds.

Bitcoin ETF Options Continue to Attract Interest from Institutional Investors

This development comes shortly after Nasdaq listed Bitcoin ETF options, allowing investors to speculate on Bitcoin’s price movement or manage risk through derivatives.

Bitcoin (BTC) hit a new all-time high on Friday (22), briefly trading at $99,500 before retreating slightly. The cryptocurrency is currently trading at $98,675.

With trading activity heightened as the market awaits a breakout above the psychological $100,000 level, digital asset research firm 10X Research predicts BTC could surge to $115,000 by Christmas.

Why Bitcoin Could Hit $115K Soon

In its new report, 10X Research found that the BTC market has become flush with liquidity in recent weeks, a key factor that could propel the asset’s price toward the projected $115,000 mark.

In this weekly memecoin analysis, BeInCrypto noted that these tokens have seen mixed results. While some have seen gains, others have faced significant losses.

Peanut the Squirrel (PNUT) and AI-powered Goatseus Maximus (GOAT) were among the worst-performing memecoins of the week, both experiencing significant price drops. In contrast, Bonk (BONK) defied market trends, securing its place as one of the best-performing cryptocurrencies. Here’s a detailed summary of the week’s developments.

Charles Schwab, the financial giant with over $9.9 trillion in assets under management (AUM), is preparing to enter the spot crypto ETF (exchange-traded fund) market.

However, the move is contingent on regulatory clarity in the U.S., according to incoming CEO Rick Wurster, who made the disclosure in an interview Thursday with Bloomberg Radio. Wurster, who will take over in January, cited the potential for favorable regulatory changes under President-elect Donald Trump.

A federal grand jury in Florida has indicted nine individuals accused of laundering drug money through cryptocurrencies for Mexican and Colombian cartels.

According to the US Department of Justice, the defendants allegedly operated a “black market cryptocurrency laundering network and unlicensed money transmitters” to facilitate the scheme.

Crypto drug money laundering scheme

The operation involved collecting money from drug sales in U.S. cities, converting it into cryptocurrency, and transferring it to digital wallets. The crypto was then converted back into cash and delivered to cartel leaders in Mexico and Colombia. The scheme operated between 2020 and 2023.

A select group of forty agents from the Federal Police and Civil Police from all over Brazil are participating in the second edition of the Financial Investigation and Asset Analysis Course, this time, Bitcoin and other cryptocurrencies such as Ethereum have taken center stage.

This initiative aims to improve professionals' skills in identifying and tracking illicit resources, thus boosting asset recovery and efficiency in criminal investigations.

Police in Brazil train to track bitcoin and cryptocurrencies

Optimism (OP) price has surged 43.40% in the past seven days, showing strong bullish momentum in the market. The uptrend is supported by increasing strength, with the ADX confirming growing momentum and the EMA lines showing a bullish setup.

Despite the rally, a downward trend in daily active addresses suggests caution as it may indicate reduced network activity and potential price pressure. Whether OP can sustain this momentum to test the $3 resistance or face a deeper correction depends on the strength of buyer interest in the coming days.

Layer 1 (L1) network Sui has announced a new partnership with investment firm Franklin Templeton. The partnership includes an equity investment in Sui and support for the company’s blockchain development.

Despite some vague details, the exact nature of the working relationship between the two companies remains unclear.

Sui partners with Franklin Templeton

Sui, a prominent L1 blockchain, recently partnered with investment firm Franklin Templeton. The partnership will prioritize supporting a developer ecosystem rather than focusing directly on SUI’s development. The company stated that Franklin Templeton has been supporting blockchain projects since 2018, and its CEO has been an advocate for blockchain technology.

PNUT fell 20% in 24 hours after hitting $2.28 on major exchanges. Indicators such as ADX and RSI point to a loss of bullishness.

Despite this, PNUT still has the potential for a strong recovery if buyers return. However, if selling pressure continues, the memecoin could face a significant correction, testing key support levels and potentially losing more ground.

Current uptrend is fading

PNUT currently has an ADX of 18.76, significantly lower than the 50 a few days ago. This consistent decline indicates that the trend strength has been steadily weakening.