Ethereum News Today: Ethereum Slides 4.1% as Whales Shift Focus to RTX Amid PI Sell-Off

Ethereum’s price momentum has shown signs of slowing, with the token retreating from a recent peak of $3,860 to approximately $3,700. On-chain data indicates that major holders are rebalancing positions, with analysts highlighting critical support levels near $3,650. A breakdown below this threshold could push ETH toward March lows, though some experts argue the asset remains poised for a potential breakout [1]. Meanwhile, retail and institutional investors are shifting focus toward small-cap tokens with high whale activity and tangible utility, signaling a broader search for undervalued opportunities beyond Ethereum’s volatility.

Pi Network, once a focal point for speculative interest, is experiencing mounting sell pressure. Over 359 million PI tokens now reside in exchange wallets, with 6.5 million added in the last 24 hours alone. Despite this, the token’s price has barely moved, dipping 0.9% to $0.53 while trading volume collapsed by 45%. Analysts remain divided: some suggest a potential bounce from recent lows of $0.40 could push PI back toward $2.98, citing on-chain patterns such as a double bottom and falling wedge. However, the lack of meaningful price response to increased exchange inflows raises concerns about waning retail enthusiasm [1].

Amid this landscape, Remittix (RTX) has emerged as an alternative drawing significant whale interest. Recent on-chain activity reveals massive accumulation of RTX tokens by large wallets, fueling speculation about the project’s potential. Unlike meme coins or legacy altcoins, Remittix positions itself with real-world utility in remittance services. A full security audit by CertiK has bolstered confidence in the project’s infrastructure, a rare credential for early-stage protocols. The platform’s upcoming mobile wallet, set for a Q3 2025 launch, promises real-time foreign exchange conversions, further differentiating it from speculative assets. Analysts note that RTX’s combination of utility, security, and whale-driven momentum could position it as a long-term contender in the DeFi space [1].

The shift in investor sentiment reflects a broader trend toward projects addressing tangible problems. While Ethereum’s price fluctuations continue to dominate headlines, smaller tokens like RTX are gaining traction by offering solutions for global payments. This contrasts with Pi Network’s struggles, where liquidity challenges and muted price action highlight the risks of relying on retail hype without foundational utility. For investors seeking alternatives to volatile chains like SHIB and XRP, Remittix’s focus on remittance infrastructure and institutional-grade security may appeal to those prioritizing long-term value over short-term speculation.

Analysts caution that market conditions remain fluid, with Ethereum’s next move likely to influence broader altcoin performance. However, the growing interest in RTX underscores a strategic pivot toward projects with clear use cases and technical robustness. As the crypto market matures, the emphasis on utility over speculation may define the next wave of innovation.

[1] Source: [1]title: Pi Network and SHIB Losing Steam as Analysts Flock to This Fast-Rising XRP Alternative (url: https://timestabloid.com/pi-network-and-shib-losing-steam-as-analysts-flock-to-this-fast/)