Ethereum News Today: Ethereum Slides Below $3,300 as XRP Gains Momentum and Cold Wallet Presale Hits $5.8M

Ethereum (ETH) fell below $3,300 in recent trading sessions, marking a significant decline from its earlier level of $3,600 [1]. The drop, which erased billions in market value, reflects growing pressure on the network amid broader market uncertainties and ongoing discussions around potential ETF approvals [1]. Despite the pullback, Ethereum continues to play a central role in the blockchain ecosystem due to its smart contract capabilities and widespread adoption across decentralized applications (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs) [1]. Analysts suggest that the decline may represent a market correction rather than a fundamental shift, with key support levels remaining intact [1].

XRP, on the other hand, is showing signs of resilience and potential upward momentum following a $2.4 billion leverage flush that has reset open interest and improved its technical outlook [2]. Open interest has decreased, which analysts say is a bullish indicator for future price action [2]. Ripple continues to expand its footprint in the cross-border payment sector and maintains strong community support despite past legal challenges [2]. Current price charts suggest that XRP is consolidating above $0.60, with some analysts predicting a potential climb toward $1.10 if the current momentum continues [2].

Meanwhile, Cold Wallet (CWT) is attracting increasing attention in the market, with its presale reaching over $5.8 million in funding and currently in Stage 16 at a price of $0.00942 [3]. The project has recently expanded its reach through a $270 million acquisition of Plus Wallet, integrating over 2 million users into its ecosystem [3]. The platform now offers a full suite of tools, including cashback on gas fees, secure storage, and fiat on-ramps, all designed to incentivize user activity and reward engagement [3]. The presale structure includes 150 stages, with token prices increasing incrementally, while a halving mechanism and monthly reward caps aim to maintain long-term value [3]. The project also plans to expand its DeFi integrations and support for additional blockchain networks, aiming to become a comprehensive user-focused platform.

Cold Wallet's focus on utility-driven rewards and seamless user experience is positioning it as a strong contender for 2025 [3]. The integration of Plus Wallet’s user base has added immediate scale to the platform, reinforcing the argument that Cold Wallet is more than just a wallet—it is evolving into a full-featured ecosystem with real-world usage and growth potential [3]. As Ethereum faces volatility and XRP builds momentum, Cold Wallet stands out as a project that is combining both practical use and future scalability in a rapidly evolving market [3].

Source:

[1] Ethereum Drops to $3,300 as XRP Builds Strength and Cold Wallet Presale Sets the Pace for 2025 as it Hits $5.8M

https://coinmarketcap.com/community/articles/6893df729ff08f0ef3199794/

[2] Ethereum Drops to $3,300 as XRP Builds Strength and Cold Wallet Presale Sets the Pace for 2025 as it Hits $5.8M

[3] Ethereum Drops to $3,300 as XRP Builds Strength and Cold Wallet Presale Sets the Pace for 2025 as it Hits $5.8M