Ethereum to $10K 'can't be ruled out' as ETH price makes sharp gains vs. SOL, XRP

Ripple is on the verge of breaking above a crucial resistance at the wedge’s upper boundary of $2.5. A successful breakout could trigger a fresh rally toward the $3 threshold.XRP Analysis The Daily Chart

Following an influx of buyers at the key 200-day moving average support near $2.1, XRP has surged toward a decisive resistance area. This critical region includes the upper boundary of the prolonged wedge pattern at $2.5, which poses a robust barrier for buyers. A breakout above this level, followed by a successful pullback, could initiate a bullish rally toward Ripple’s all-time high of $3.4 in the mid-term.

Conversely, a rejection at this resistance would likely lead to a consolidation phase within the wedge, providing the market time to rebuild momentum. Overall, XRP remains confined between the wedge’s upper boundary and the 100-day and 200-day moving averages, awaiting a breakout to define its next major direction.

Bitcoin kicked off the second week of May with a powerful continuation move, breaking through key resistance levels and climbing to fresh local highs. While the rally has been rapid, and the current technical signals suggest there’s still gas left in the tank, caution is still warranted.The Daily Chart

On the daily timeframe, BTC has pushed decisively above the $100K resistance and is now hovering around the $104K mark. This breakout marks a clear escape from the month-long compression between the rising trendline and the 100 and 200-day moving averages.

The price has reclaimed both the moving averages around the $90K price level, and the RSI is holding above 70, indicating strong momentum. However, it also points to slightly overbought conditions. If the buyers maintain pressure and avoid sharp rejections, a run toward a new all-time high is likely.

The market remains mainly bullish at the end of the week, however, there are some exceptions, according to CoinMarketCap.CoinMarketCap">

The price of XRP has fallen by almost 2% over the last 24 hours.TradingView">

On the hourly chart, the rate of XRP is bearish as it is near the local support of $2.3416. If the daily bar closes around the current prices, the breakout may lead to a test of the $2.32 area.TradingView">

On the bigger time frame, the price of XRP has made a false breakout of yesterday's bar peak of $2.477.

If bulls cannot seize the initiative, the decline may lead to a test of the $2.30 zone next week.TradingView">

From the midterm point of view, neither side is dominating as the price of XRP is far from the key levels. Thus, the volume remains low. In this case, ongoing sideways trading around the current prices is the more likely scenario.

XRP is trading at $2.3694 at press time.

After trading in a relatively quiet range for much of April, Dogecoin has started May on a good note. The meme coin has surged over 33% this week, pushing above the $0.22 level due to a new wave of bullish momentum among retail and institutional traders.

Amid this recovery, technical indicators are flashing a familiar signal that has led to massive price increases for Dogecoin since 2024. The latest analysis from popular crypto chartist Trader Tardigrade has brought attention to a possible inflection point: a bullish MACD crossover on the weekly timeframe.

MACD Signal Returns, Points To Explosive Upside For Dogecoin

Due to its performance since October 2023, the MACD (Moving Average Convergence Divergence) indicator has become a valuable tool for spotting momentum shifts in Dogecoin’s price cycles. It is now flashing bullish once again. The crossover, where the MACD line crosses above the signal line, has coincided with the beginning of powerful uptrends since the current cycle began in Q4 2023.

According to Trader Tardigrade’s chart, the last two confirmed MACD crossovers on the weekly timeframe led to rallies from $0.06 to $0.23 and from $0.086 to $0.48, respectively. Each of these rallies followed a period of deep corrections, conditions similar to what Dogecoin has witnessed since March 2025.

The first MACD crossover in this cycle was in October 2023, which resulted in a 285% rally. The second MACD crossover was in September 2024, which led to an even bigger rally of about 460%, during which Dogecoin surged to multi-year highs of $0.48.

The chart also reveals that these MACD crossovers occurred after a rounded bottom pattern. The current price structure looks like that setup, with a higher low rounded bottom and the blue MACD line about to cross to the upside of the orange line.

This lends strong credence to the notion that Dogecoin could be on the cusp of another rally, particularly as the overall crypto market sentiment is now positive following Bitcoin’s break above $100,000 again.

Opinion by: Sean Li, co-founder of Magic Labs

Crypto markets run 24/7. Human traders don’t. As AI agents begin to manage liquidity, optimize yield, and execute trades at all hours, they’re quickly becoming essential infrastructure for decentralized finance’s (DeFi) future. While AI agents are evolving from niche tools for quant traders into mainstream financial operators, they’re rapidly outpacing the wallets meant to secure them. 

Advancements in account abstraction and smart contract wallets have emerged, but most DeFi platforms still predominately rely on externally owned account wallets that require manual approvals at every step. Early-stage programmable solutions exist but remain fragmented, costly on layer-1 networks and adopted by only a tiny fraction of users.

As AI agents increasingly operate in DeFi, this infrastructure limitation becomes critical. We need standardized infrastructure that allows for secure, cost-effective automation with verifiable guardrails across multiple blockchain ecosystems. 

Automation needs guardrails, not guesswork

The rise of autonomous agents opens new possibilities: hands-free DeFi strategies, real-time portfolio optimization and crosschain arbitrage. Without programmable permissions and onchain visibility, however, delegating control to AI can expose users to catastrophic risk. Malicious bots, hallucinating agents and poorly designed automation can drain wallets before a human notices.

We’ve already seen what happens when agent infrastructure fails. In September 2024, users of the Telegram-based trading bot Banana Gun lost 563 Ether (approximately $1.9 million) through an exploited oracle vulnerability that allowed attackers to intercept messages and gain unauthorized access to user wallets. More recently, attackers breached Aixbt’s dashboard and issued commands to transfer funds directly, resulting in the loss of 55.5 ETH worth over $100,000. These aren’t isolated incidents — they are warning signs of systemic vulnerability in our automation infrastructure. 

Legacy wallets can’t support autonomous agents

Despite years of wallet innovation, the architecture remains static mainly: sign a transaction, broadcast it, repeat. Most wallets aren’t built to understand “intent,” verify that automation matches user-defined rules, or restrict activity by time, asset type or strategy. 

This rigidity creates an all-or-nothing dynamic: either you maintain manual control and miss out on fast-moving opportunities or you hand over access entirely to opaque third-party systems. For AI-powered DeFi to scale securely as it builds more utility, we need programmable, composable and verifiable infrastructure. 

Programmable permissions are the new trust layer

As smart contracts encode logic into DeFi protocols, wallet infrastructure must encode logic into user control. That means enabling session-based permissions, cryptographic verification of agent actions and the ability to revoke access in real-time.

Recent: AI and blockchain — A match made in heaven

With these features in place, users can delegate trading, rebalancing or strategy execution without giving up complete control. This approach doesn’t just mitigate risk — it expands access. Advanced DeFi strategies could become accessible to users without technical knowledge and managed securely by agents operating within verifiable constraints. 

Programmable infrastructure makes DeFi scalable

Programmable wallet infrastructure doesn’t just make DeFi safer — it makes it scalable. Fragmentation across chains and protocols has long been a barrier to automated strategies. A universal keystore protocol that syncs permissions across networks can streamline crosschain delegation and open the door for interoperable agent ecosystems. 

As institutional interest in DeFi grows, secure automation will be non-negotiable. Most firms won’t allow AI agents to interact with capital without verifiable guardrails. Just as zero-knowledge proofs are becoming essential to privacy and compliance, programmable wallet permissions may become standard for agent-based security. 

The future of DeFi

Some may argue that AI can’t be trusted with financial autonomy, but traditional markets have already adopted algorithmic trading and black box automation. DeFi isn’t immune — it’s simply unprepared. 

If crypto is to maintain its transparency and user sovereignty principles, it must build infrastructure that keeps AI agents in check. That starts with rebuilding wallets as interfaces and operating systems for the autonomous, multichain economy. 

DeFi is on the edge of an automation revolution. The question isn’t whether agents will participate. Whether we give them the rails, they need to act in service of users, not in spite of them.

Opinion by: Sean Li, co-founder of Magic Labs.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Ethereum (ETH) plunged into territory not seen since 2019 before it posted a substantial recovery in the past few days. However, it’s still trading at a steep discount to Bitcoin (BTC).

According to the latest weekly report from on-chain analytics platform CryptoQuant, the ETH/BTC MVRV ratio, which measures market value relative to realized value, has entered “extremely undervalued” territory, a level that in past cycles set the stage for major ETH rebounds.A Discount Amid Growing Headwinds

CryptoQuant’s analysis noted that Ethereum’s deep discounts against BTC have historically signaled prime buying opportunities.

However, it pointed out that the current environment is markedly different, with a series of fundamental headwinds responsible for the undervaluation. These include the unraveling of Ethereum’s once-promising deflationary supply narrative, with the asset’s total supply hitting an all-time high of 120.7 million.

The analytics platform attributed the reversal to March 2024’s Dencun upgrade, which drastically reduced transaction fees and collapsed the ETH burn rate. With fewer tokens being burned, inflationary pressure found its way back into the ETH market.

Further compounding the issue is that on-chain activity has been stagnant for a while. Since 2021, key metrics such as transaction counts and active addresses have dropped, mostly because Layer 2 (L2) networks diverted usage away from the Ethereum mainnet. Even though they have improved scalability, L2s have also diluted demand for base-layer block space, undermining ETH’s utility narrative in the process.

CryptoQuant also noted that institutional interest in the asset has been waning. The amount of staked ETH has reportedly dipped from its November 2024 peak of 35 million to about 34.4 million. ETF holdings have also shed as much as 400,000 ETH since February this year, reflecting weakening investor confidence.

“Bitcoin is benefiting from robust institutional demand, capped supply, and ETF-driven inflows,” read the report, contrasting the fortunes of the two cryptocurrencies.Undervalued but Not Without Risk

Despite the obstacles, ETH staged a sharp rebound towards the end of the week. It shot up to roughly $2,400 on Friday.

Additionally, over the past week, the altcoin soared just above 30%, crushing Bitcoin’s 7.5% climb and vastly outpacing the global crypto market’s 8% gain. The rally coincided with the successfulactivationof the long-awaited Pectra upgrade on May 7, which introduced account abstraction and improved staking mechanics via 11 bundled EIPs. However, its impact may be muted.

Past experiences show that Ethereum’s discount to Bitcoin is often a buying signal. Still, CryptoQuant’s analysis suggests that the returning inflation, weakening demand, and stagnant activity may mean that this could be the first cycle in which ETH’s undervaluation isn’t a springboard but a trap.

“While ETH appears undervalued on a historical basis, its recovery path may be more complex and slower than in prior cycles,” CQ concluded.