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Ethereum Tapped $2,400—So Why Does This Top Trader Warn Of $1,300?
Ethereum (CRYPTO: ETH) ETFs recorded $276 million in net inflows last week, yet prominent crypto trader Ansem warns the $300 billion asset could target $1,300 if the downtrend continues.
The Bear Case Building
Ansem laid out a multi-pronged case against Ethereum. Solana (CRYPTO: SOL) dominated retail activity this cycle, Hyperliquid (CRYPTO: HYPE) dominated perps activity, and rollups still lack significant traction.
Moreover, Vitalik Buterin publicly abandoned the general usage rollup thesis.
Ethereum’s main value proposition has been safety and security of DeFi and institutional interest.
However, the current Aave (CRYPTO: AAVE) situation marks that value proposition and has the possibility to continue weakening confidence.
“ETH in 2026 is in worse spot than it was in 2023, amplified by AI doing extremely well and tech stocks being much more favorable investments with …
Strategy buys 34,164 Bitcoin for $2.5B, holdings top 800,000 BTC
Strategy bought 34,164 Bitcoin for $2.54 billion last week, marking its third-largest BTC purchase on record.
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Indian Market News
United Drilling Tools Secured Order Worth ₹5 Cr From ONGC For The Supply of Drilling Equipment
Synopsis:- United Drilling Tools Limited has secured a Regulation 30-disclosed order from ONGC for the supply of Integral Blade Stabilizers valued at Rs. 5.03 crore, to be executed within 4 to 5 months; while the order reinforces the company’s niche manufacturing credentials in oilfield downhole tools, investors should weigh the disclosure against a 185-day debtor […]
The post United Drilling Tools Secured Order Worth ₹5 Cr From ONGC For The Supply of Drilling Equipment appeared first on Trade Brains.
Lenskart Rebounds from Intraday Lows; 70x Profit Surge Battles PR Headwinds
Synopsis: Lenskart Solutions Limited after going through a phase where it faced criticism from the masses on its dress code for employees in April 2026, Lenskart Solutions Limited is still a powerhouse in the eyewear industry, valued at over Rs. 70,300 Crore. The “damage control” efforts spearheaded by the founder, Peyush Bansal, aimed at aligning […]
The post Lenskart Rebounds from Intraday Lows; 70x Profit Surge Battles PR Headwinds appeared first on Trade Brains.
Vedanta demerger: Anil Agarwal-led mining major fixes May 1 as record date, announces share allotment details
US stock market today: S&P 500, Nasdaq futures slide as US-Iran tensions flare; Brent jumps 8%
Gainers & Losers: Trent and Yes Bank among 7 big movers on Monday
India bonds edge up in choppy session as traders weigh truce prospects
Crypto Market News
Bitcoin metrics line up bull signals with $78K the BTC price level to beat
With $75,000 possibly the new floor, Bitcoin is giving hints that a BTC price breakout is about to begin, based on two classic technical indicators.
Coinbase rolls out UK crypto-backed loans as FCA shapes rules
Coinbase launched USDC loans for UK users backed by BTC, ETH and cbETH, expanding its borrowing product as Britain moves toward a crypto regulatory regime.
Crypto fund inflows hit $1.4B in second-strongest week since January
Crypto investment products recorded $1.4 billion in inflows last week as Bitcoin almost touched $78,000, with assets under management rising to $154.8 billion.