CryptoQuant, a group of number whisperers, peeked into ETH’s pockets and found the MVRV ratio—some arcane metric—scraped raw. In previous years, this “undervaluation” had been a prelude to bouts of fortune, at least for those nimble enough to buy the rumor and sell the novella. “Surely this is a signal!” cried the investors, like villagers peering into a dry well. But, alas, every market cycle is its own tragicomedy.
Bitcoin (BTC) remains the king of the castle, prancing around at a strapping $104,780 after a modest 1% increase in the past 24 hours, and a rather impressive 9.77% rise over the week. Close on its heels, Ethereum ( ETH) has been on quite the tear, shooting up 4.71% in the last 24 hours, and a jaw-dropping 37.83% over the past week to a cool $2,522.86. Look out, Bitcoin—there’s a new contender in town!
Apparently, the mighty wielders of petrodollars and pension billions are clutching their pearls, awaiting Congress to finally pass a stablecoin bill—one imagines with as much urgency as a cat awaiting Thursday. Banks holding crypto? Regulatory clarity on tokenized stocks? At this point, the only thing less decisive than Congress is a cat at dinnertime. It’s little wonder no one’s writing fat cheques.
But this activity isn’t merely a coincidence. No, dear reader, it’s happening at a rather significant juncture for Cardano. As the price swings one way and the network evolves in another, something is stirring in the depths. Recently, in an ever-so-thoughtful post on X, Cardano’s founder, Charles Hoskinson, took a moment to share his wisdom on the project’s path forward. Quite the philosopher, isn’t he? 😏
So, according to some on-chain data that everyone suddenly cares about (EmberCN, probably a very trustworthy person, I’m sure), this isn’t even weird. Apparently, this is a regular thing! They rack up all that sweet fee revenue from people desperate for the next Bonk or Fartcoin 💨, then send a fat stack of SOL off to Kraken every week or two like it’s paying rent. “Oh, look, another $22 million — honey, did you put the SOL on Kraken again?”
Pal, possessed of both wit and riches, observed:
“I still think the most amusing outcome possible would be for DOGE to be the hardest currency on earth.”
One imagines Tolstoy pausing with his quill, chuckling softly into his beard.
Ah, and the plot thickens! ETH, like a feverish lover, rose from a humble $1,800 to a scorching $2,600 in a matter of mere days, a near 44% rally, mind you, within a single week. Is it a market miracle or just another day in crypto? Who’s to say? But there’s something undeniably alluring about the timing of it all—whale moves, price surges, and a stampede of institutional interest that promises even more chaos to come.
On the chart, note the comedic sequence—2014, 2018, 2021, and now… behold! 2025. Four acts where the RSI (14-month) performs its classic tragicomic role: a higher high for price, but a lower high for RSI. Classic bearish divergence. Every time, the curtain falls to groans and boos from burned investors:
So here’s the deal: SHIB is testing resistance at $0.0001400. Now, I know you’re thinking, “Wow, that’s a lot of zeros,” but stay with me. It’s also hanging out above some important moving averages. Don’t get too comfortable though—there’s a *much more exciting* number lurking around: $0.00001600. This is like the holy grail of SHIB levels. If it breaks that barrier, we might just see fireworks. Or… a solid market crash. Who knows? It’s crypto, baby.
Ah, what a tragedy it was just a month ago when ETH plunged to its lowest in a year, falling to a pitiful $1,400. It was the kind of dip that made even the hardiest of crypto holders weep silently into their keyboards. But, as history teaches us, from the ashes of despair rises the phoenix. And rise it did, despite the struggle to cross $1,800. With a little help from the latest Pectra upgrade and some positive global news, ETH is now soaring like a bird set free after too long in a cage.