The post Ethereum stalls, Solana rises as Bitcoin Pepe gains steam appeared on BitcoinEthereumNews.com.

Fear remains the key emotion in the cryptocurrency space; an aspect that has been weighing on most majors and meme coins. For instance, coupled with its internal challenges, the risk-off mood has Ethereum price still trading below the short and medium-term MAs. However, steady investor confidence has benefited Bitcoin and Solana. At the same time, savvy investors are looking for opportunities in new crypto projects. As the first Bitcoin meme ICO, Bitcoin Pepe is one of the new entrants that have captured investors’ attention. It seeks to bring the meme culture home to the stable Bitcoin network; assuring meme lovers of a reliable platform, lower fees, and Solana-style transaction speed.  Ethereum price stalls as ETH ETFs, OI show reduced investor confidence Ethereum’s underwhelming performance remains a concern for many crypto enthusiasts. The leading altcoin tends to mirror Bitcoin’s price movements. However, as the leading cryptocurrency strives for recovery, Ethereum price continues to trade below the short and medium-term MAs of 25 and 50 days.  What’s more, a decline in its Open Interest (OI) and spot Ethereum ETFs’ net inflows point to low investor interest. This is especially since high institutional demand has been a major part of Ether’s appeal in the past.  Data released by SoSoValue showed zero net inflows in Thursday’s session. Indeed, the top 9 spot ETH ETFs all recorded zero flows. Since the beginning of April, there has been a string of outflows with only one session of inflows and another of zero flows.  Besides, at the current $18.26 billion, its OI is significantly below its peak of $32.3 billion in late January. As a performance metric, OI tracks an asset’s options and futures contracts to highlight investor participation.  As seen on its daily price chart, Ethereum price will likely remain range-bound between the support zone of…

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Filed under: News - @ April 20, 2025 10:23 am