Open Custody Protocol priceOPEN

The Final Countdown: 7 Days to #ETHBucharest Conference! In just ONE WEEK, the doors to @ETHBucharest_ open, bringing together builders, devs, and visionaries from across Web3! 🔥 Here’s your quick GRWM guide to be conference-ready: 📅 April 4-5 – Mark your calendar! 📍 National Library of Romania, Bucharest 🎟 Secure your ticket – No FOMO allowed! 👕 Rock your best ETH merch – Show off that ecosystem pride! ⚡️ Bring your A-game – Big ideas, bold moves, and endless connections! Let’s make history again - See you in Bucharest! #Crypto #events

U.S. stock markets open lower U.S. stock markets have opened lower today. S&P500: -0.25% NASDAQ: -0.40% Dow: -0.13%

Ethereum (ETH) saw a sharp price drop, shaking investor confidence after a period of relative stability. The cryptocurrency currently trades around $1,917 , down over 5% in the past 24 hours according to CoinMarketCap data. This move suggests a potential breakdown from its previous sideways trading range, sparking fresh debate about Ethereum’s near-term direction. Ethereum’s price is now testing immediate support within the $1,900–$1,910 range. Early chart signs suggest this area might offer a temporary cushion against further selling pressure. If this level fails to hold convincingly, the next potential technical support zone lies between $1,875–$1,880, based on historical price action in that vicinity. A break below that could open the door to testing the significant psychological level around $1,800. For any potential recovery attempt, Ethereum faces immediate resistance near the $1,950–$1,960 zone. This area acted as support before the recent sell-off, making it a likely hurdle on the way up. Related: Is Ethereum Losing Its Deflationary Edge as ETH Burns Vanish? Above that, the $2,000 mark stands out as both a key psychological barrier and a level involved in the previous consolidation phase. Further resistance lies around $2,025–$2,030, marking a recent significant intraday high that bullish traders would need to overcome to signal stronger momentum. Current technical indicators on the daily chart suggest a cautious short-term outlook for ETH. The Relative Strength Index (RSI) currently reads around 38.68, remaining below the neutral 50 mark. This reading generally indicates prevailing bearish momentum. While not yet in classically “oversold” territory (typically below 30), it suggests sellers currently maintain control. The Moving Average Convergence Divergence (MACD) indicator recently flashed a bullish crossover signal; however, the price action has failed to respond positively thus far. Such a divergence often points to underlying weak buying pressure despite the indicator’s signal. Activity in Ethereum’s derivatives market reflects somewhat mixed sentiment, according to data from Coinglass . While total ETH futures trading volume saw an increase (up 9.63% to $39.06 billion), overall open interest in futures actually fell (down 3.26% to $22.47 billion). This decline in open interest suggests some leveraged positions were likely closed out during the price drop. Related: Ethereum Foundation’s ETH Sales: Not the Price Movers You Thought? Interestingly, ETH options markets saw increased activity simultaneously. Options trading volume jumped nearly 30% (to $666 million), and options open interest also rose modestly (up 2.60% to $6.14 billion). These divergent trends could indicate increased hedging activity or speculative plays using options amid the spot market’s decline. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The Open Network’s TON token is making a strong recovery, defying recent market odds after a prolonged downtrend. On-chain data indicates about 10% of TON holders are now back in profit, a significant shift from when nearly all holders were at a loss, signaling renewed bullish interest in the Telegram-linked token. This resurgence largely follows Telegram founder Pavel Durov revealing major investments into the project from top Silicon Valley VC firms . On March 26, Durov stated that prominent funds including Sequoia, Benchmark, Ribbit, Draper, and VY Capital had collectively invested over $400 million into the TON ecosystem. This substantial financial backing provides significant capital while also serving as a strong public endorsement of TON’s potential. Besides that, Durov has doubled down on The Open Network as the only scalable blockchain technology with sharding and the capacity to process transactions for billions of users. “It’s one of the few blockchain networks with real fundamental value,” he wrote. Related: Pavel Durov Calls TON Telegram “Backbone,” $400M VC Support Revealed Adding to the market optimism, on-chain data provider IntoTheBlock reported over 1.1 million TON tokens were withdrawn from tracked exchanges just yesterday (March 27). Such large-scale outflows often suggest investors are moving tokens into private custody for longer-term holding, a sign of accumulation. Related: TON Holders Soar to 90 Million, Marking 2400% Growth This activity typically reduces readily available selling pressure on exchanges and can contribute to upward price momentum. Market watchers often view sustained outflows as a precursor to further price gains. From a technical perspective, TON’s recent price chart displays a distinct V-shaped recovery pattern. Analysts monitoring the near-term charts highlight key resistance ahead for the token, primarily in the $4.80-$5.20 range. A decisive breakout and hold above this resistance zone could potentially position TON to retest highs seen last November. Consequently, traders are closely watching this level, with some reportedly considering spot purchases or using potential dips for incremental buys. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Terraform Labs to open crypto creditor claims portal on March 31 in bankruptcy unwind