Ethereum News Today: Cold Wallet Presale Hits $6.2M as Ethereum Surges on $145M Inflow and Litecoin Targets $170

Cold Wallet’s presale has surpassed $6.2 million in funding, capturing growing attention as Ethereum experiences a significant rally fueled by a $145 million institutional inflow and Litecoin advances toward a $170 price target. The convergence of these movements highlights a broader sense of optimism across the crypto market, with distinct yet complementary narratives driving momentum.

Ethereum’s recent surge to $4,660 is attributed to a large-scale inflow from Fidelity, which added $145 million worth of ETH to its holdings. This institutional support, combined with retail traders locking in profits, has reduced short-term selling pressure and allowed the price to climb past key technical levels, including the 0.618 Fibonacci retracement at $4,516. On-chain data indicates a shift in ownership dynamics, with smaller holders exiting the market and larger entities taking over, setting the stage for potential further gains. However, technical indicators such as the Relative Strength Index (RSI), now at 78.67, and the TD Sequential tool, showing a sell signal, suggest caution for short-term traders ahead of a possible pullback [1].

Litecoin, meanwhile, has shown robust technical strength, breaking out of an ascending parallel channel and pushing above $133. The price action is supported by rising investor activity, a growing hashrate, and record futures open interest reaching $1.27 billion. These metrics signal increasing market confidence in the trend. From a chart perspective, the next key resistance level is near $147.06, with $170 becoming a realistic target if the bullish momentum continues. The RSI is approaching overbought territory at 70, and the MACD displays a bullish crossover with expanding histogram bars, reinforcing the case for further upside [2].

Cold Wallet’s presale is emerging as a standout story amid this market activity. The project has raised more than $6.2 million and is currently in Stage 17, with the price at $0.00998 per CWT—far below its confirmed launch price of $0.3517. This sharp discount has attracted both retail and institutional participants, creating a strong base of early adopters and tightening supply in anticipation of the public listing. Daily transaction counts are increasing rapidly, a trend historically associated with projects that open with explosive demand. With scarcity and utility-driven incentives already in play, Cold Wallet is positioned to generate substantial buy pressure upon listing, with its cashback model adding a layer of real-world usage that extends beyond speculative trading [3].

The growing participation in Cold Wallet’s presale, combined with Ethereum’s institutional strength and Litecoin’s technical progress, points to a market environment where early movers can create lasting momentum. As Cold Wallet nears its final presale stages, the narrowing gap between current pricing and the launch value may amplify expectations for a strong listing-day performance.

Sources:

[1] Cold Wallet Breaks $6.2M Presale Mark As Ethereum Rallies on $145M Inflow and Litecoin Targets $170 (https://coinmarketcap.com/community/articles/68a081d0bc894737ad14e013/)