Ethereum News Today: Cold Wallet Presale Surpasses $6.3M Amid Ethereum Strength and Cardano's 76% Gain Outlook

Cold Wallet’s presale has surpassed $6.3 million, drawing attention amid a broader bullish trend in the cryptocurrency market, particularly for Ethereum and Cardano [1]. The project, which launched at $0.007 in Stage 1, is currently in Stage 17 with a price of $0.00998 and progressing toward a confirmed listing price of $0.3517. Over 700 million coins have been sold, and the ROI window is tightening with each stage [1]. Cold Wallet is distinguished by its built-in user base—over 2 million active users from the Plus Wallet acquisition—which significantly accelerates adoption compared to typical presale models [1]. The wallet’s utility includes cashback rewards for every transaction, offering immediate value to participants [1].

Ethereum has also shown signs of strength, with a large buyer accumulating $1.34 billion worth of ETH in just eight days, distributing the holdings across ten wallets through platforms such as FalconX, Galaxy Digital, and BitGo. This accumulation adds weight to the bullish case, with analysts suggesting it may indicate institutional interest. On-chain data shows reduced exchange balances, signaling decreased selling pressure and potentially setting the stage for a breakout [1]. Price action is currently testing a Fibonacci retracement level near $4,324, and a strong breakout could point to a target of $4,587 [1]. However, the RSI hovering near 73 indicates the risk of overbought conditions, which could trigger short-term corrections [1].

Cardano has seen intense whale activity, with 200 million ADA—worth over $170 million—purchased in just 48 hours. This significant buying has removed a large portion of ADA from circulation, potentially influencing the supply dynamics and supporting a price rise. At current levels near $0.85, the market is closely watching whether this time will be different, as ADA has struggled to break this key resistance for months [1]. Analysts speculate that a U.S. Cardano ETF approval is likely, with estimates placing the odds at around 75%. If approved, such a catalyst could drive ADA toward $1.50, representing a 76% increase from current levels [1].

Both Ethereum and Cardano are showing heavy capital inflows and positive on-chain metrics, but their continued momentum depends on broader market sentiment and external factors such as ETF approvals. In contrast, Cold Wallet presents a more self-contained opportunity. Its presale model, supported by a confirmed listing price, live utility, and immediate adoption, offers a clearer path for investors. The shrinking ROI window with each stage adds urgency to participation [1].

The performance of Cold Wallet’s presale, alongside the growing bullish signs in Ethereum and Cardano, highlights the current dynamics of capital flow and investor sentiment in the crypto market. While Ethereum and Cardano rely on broader market conditions, Cold Wallet’s model offers a more defined growth trajectory, with early-stage participants benefiting from both price appreciation and active utility [1].

Source:

[1] Cold Wallet Presale Crosses $6.3M as Ethereum Gains Strength and Cardano Eyes $1.50

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