Ethereum News Today: Investor Eyes Shift to Coldware as Crypto Giants Face Critical Support Tests

Ethereum (ETH) appears to be entering a correction phase after reaching a peak of approximately $4,800, with signs of weakening price action becoming increasingly evident since July. A decline in trading volume compared to earlier rally phases suggests waning market momentum. Traders are closely watching the 26-day exponential moving average (EMA) as a key level of support. A clean rebound before testing this level would reinforce the bullish outlook, whereas a break below it could signal continued selling pressure. Should ETH fail the 26 EMA, the next critical support levels lie near the 50 EMA and around the $4,000 mark, with further downside risks if the 26 EMA breaks decisively [1].

Meanwhile, Shiba Inu (SHIB) is at risk of further losses after weeks of consolidating within an ascending triangle pattern. The token is currently near the lower boundary of this pattern, and its failure to produce meaningful upward momentum indicates growing bearish pressure. The recent daily chart activity shows SHIB retesting its support line repeatedly without breaking higher, undermining the typically bullish nature of the pattern. A breakdown below the triangle's support could accelerate a decline toward levels not seen since early summer, with the price potentially dropping another order of magnitude. The lack of strong support zones at current levels and minimal whale activity further increase the risk of a sharp downturn [1].

XRP is also showing signs of vulnerability as it approaches a critical juncture. The asset has failed to maintain its momentum above $3, putting the 50-day EMA under pressure. While this level has historically served as a temporary buffer, the current price action suggests it may not hold for long. If XRP breaks below the 50 EMA, the next significant support levels would be in the $2.70–$2.75 range and the $2.40 region, which is aligned with the 200 EMA. A breakdown at these levels could wipe out recent gains and expose the token to a retest of the $2.00 level. Despite the bearish price action, volume data indicates a lack of conviction among sellers, leaving open the possibility of a rebound, though only if XRP can rally above $3 with strong buying pressure [1].

Amid this market uncertainty, Coldware (COLD) has emerged as an intriguing alternative for investors seeking exposure to real-world blockchain integration. The project has attracted interest from Ethereum and Sui holders who are diversifying their portfolios by investing in Coldware’s presale. Coldware’s approach combines Web3-integrated hardware, on-device NFT marketplaces, and secure DeFi access, offering a comprehensive user experience that differentiates it from traditional Layer-1 projects. For Ethereum holders, who have benefited from ETF inflows and institutional adoption, Coldware provides an entry point into the physical integration of blockchain technology, a segment not directly addressed by ETH [2].

Coldware’s appeal is also resonating with Sui investors, who see the project as a bridge between high-performance blockchain infrastructure and real-world applications. The presale has been bolstered by anticipation of a Tier 1 exchange listing, which could act as a catalyst for broader retail adoption. Strategic partnerships with telecom and blockchain providers, combined with a clear roadmap, have positioned Coldware as a potential hardware-led disruptor in the Web3 space. As the project moves closer to its listing, early investors are preparing for a liquidity event that could mirror some of the largest market rallies seen in previous years [2].

Source: [1] Ethereum (ETH) Bull Market Over? Shiba Inu (SHIB) Risks ... (https://u.today/ethereum-eth-bull-market-over-shiba-inu-shib-risks-adding-zero-rocket-xrps-last-level-before-2) [2] New Presale Coldware Attracts Heavy Hitters Ahead Of ... (https://blockchainreporter.net/new-presale-coldware-attracts-heavy-hitters-ahead-of-tier-1-launch-ethereum-and-sui-holders-diversify/)