Ethereum News Today: MoonBull Rises on Technicals, But Utility Concerns Lurk

MoonBull (PUMP) has surged 36% this week, trading at $0.0068 as inflows and improved market conditions bolster bullish sentimentThis Is What Caused PUMP Price To Jump 36% This Week^[1]. The Chaikin Money Flow (CMF) remains above zero, signaling strong demand, while the MACD nears a bullish crossover, suggesting sustained momentumThis Is What Caused PUMP Price To Jump 36% This Week^[1]. Whale accumulation, with over 24,000 wallets holding 10,000+ PUMP tokens, has amplified speculative interestPump.fun Price Surges - Is $0.0075 Possible?^[2]. Social media buzz, including comparisons to TikTok, has further fueled speculation, though protocol revenue declines hint at potential volatilityPump.fun Price Surges - Is $0.0075 Possible?^[2].

Technical analysis highlights key price levels: PUMP faces resistance at $0.0077 and an all-time high (ATH) of $0.0090This Is What Caused PUMP Price To Jump 36% This Week^[1]. A breakout could attract fresh inflows, while a drop below $0.0062 support risks renewed bearish pressureThis Is What Caused PUMP Price To Jump 36% This Week^[1]. Volume has spiked 63%, validating the rallyPump.fun (PUMP) Price Prediction 2025-2030^[6], and the Relative Strength Index (RSI) at 69.04 indicates growing upward momentumPump.fun (PUMP) Price Prediction 2025-2030^[6]. Institutional recognition from ARK Invest, which noted Pump.fun's potential to disrupt the creator economy, adds credibilityPump.fun (PUMP) Price Prediction 2025-2030^[6].

Price predictions for 2025–2030 vary. One analysis forecasts $0.00845 by year-end 2025, rising to $0.0107 in 2026 and $0.0145 by 2030Pump.fun Price Prediction 2025-2030^[3]. Aggressive buybacks, totaling $103.76 million, have reduced circulating supply by 6.898%, creating scarcity. Binance US's listing on September 10, 2025, further legitimized PUMP, driving a 180% surge in 30 days. However, overbought conditions on the daily chart caution against short-term overextension.

Comparisons to Ethereum and Litecoin's surges highlight broader crypto optimism. Ethereum's dominance and Litecoin's institutional adoption underscore a bullish market backdropPump.fun Price Prediction 2025-2030^[3]. Pump.fun's role as a Solana-based memecoin launchpad positions it to benefit from altcoin season, though utility concerns persistPump.fun Price Prediction 2025-2030^[3].

Long-term risks include profit-taking by early whales and regulatory uncertainty. A failed breakout below $0.0064 could trigger a decline to $0.0048Pump.fun (PUMP) Price Prediction 2025-2030^[6]. Conversely, sustained momentum above $0.0077 may validate the ATH targetThis Is What Caused PUMP Price To Jump 36% This Week^[1]. Analysts caution that while PUMP's technicals are bullish, its lack of intrinsic utility contrasts with Ethereum's blockchain infrastructure or Litecoin's mining innovationPump.fun Price Prediction 2025-2030^[3].