Ethereum is trading around $1,850 on Monday, holding above the 50-day EMA near $1,818 after a 4% gain over the past week. Meanwhile, Bitcoin Hyper, a Bitcoin Layer 2 that integrates the Solana Virtual Machine, has raised $32.9 million in its ongoing presale at a current price of $0.0136834, with staking rewards available to early participants.
Ethereum's technical picture
ETH has tightened into an intraday range between $1,845 and $1,865. The MACD has crossed into positive territory, and the asset is trading above the 50-day EMA — a level that now acts as support. Losing that on a daily close would weaken the recovery story, exposing the $1,700 area.
Resistance sits between $1,875 and $1,900, with the 100-day EMA near $1,938 as the key barrier. A convincing daily close above $1,938 would put $2,000 back on the radar, and then the 200-day EMA near $2,180 becomes the next target. But that requires buyers to keep volume elevated and exchange outflows to continue.
Futures volume has jumped sharply, and funding rates remain positive. The long-to-short ratio sits close to 0.96, showing balanced positioning. Exchange outflows are reducing available sell-side supply, and staking keeps locking away circulating ETH. Institutional interest has continued to build, though the facts don't name specific firms.
Bitcoin Hyper's Layer 2 pitch
Bitcoin Hyper is building a Bitcoin Layer 2 that runs the Solana Virtual Machine, aiming for sub-second finality and low-cost smart contract execution. The project has raised $32.9 million so far in its presale, with tokens priced at $0.0136834. Early participants can also earn staking rewards.
The presale is still live, but the facts don't specify a closing date or a hard cap. The project's pitch is straightforward: bring Solana-style speed and low fees to Bitcoin's security model. Whether that resonates with the market beyond the presale phase remains an open question — but the $32.9 million raised suggests there's appetite.
What traders are watching
For Ethereum, the next concrete signal is a daily close above $1,938. If that happens with volume, the path to $2,000 and beyond opens up. If ETH loses $1,818 and exchange outflows reverse, the rally could fizzle out, exposing the $1,700 area. No one's calling a breakout yet — but the setup is there if buyers show up.
