Ethereum News Today: SHIB Tests Key Support as ETH Surges Past $4,500 and CWT Hits $6.3M Presale

Shiba Inu (SHIB) is currently under intense scrutiny as it tests a crucial support level at $0.00001295, a threshold that could determine its immediate price trajectory [1]. The token has shown resilience, bouncing from $0.00001300 and stabilizing near $0.00001362, but a break below the key level risks a pullback toward $0.00001167 [2]. On-chain data reveals that SHIB’s holding periods are shortening, signaling a lack of long-term conviction among holders [3]. While the MACD suggests easing selling pressure, the broader technical outlook remains fragile, with a successful rebound to $0.00001385 potentially reigniting buying interest [1]. Traders are closely watching this pivotal moment, as a decisive move in either direction could shape the short-term market path.

Meanwhile, Ethereum (ETH) has surged beyond $4,500 for the first time since 2021, driven by robust institutional demand and record inflows into Ethereum-focused ETFs [1]. BlackRock’s Ethereum ETF alone attracted $640 million in a single day, pushing total inflows past $1 billion [1]. With trading volume up 26%, the rally appears well-supported [2]. Analysts project further gains, with $5,000 as the immediate target and some models suggesting potential moves toward $5,210 or even $6,946 if momentum continues [3]. Technical indicators remain bullish, reflecting sustained buying pressure and a strong institutional undercurrent.

Cold Wallet (CWT) is emerging as one of the most aggressive value plays in the current market cycle. Its presale has already raised over $6.3 million, with more than 740 million tokens sold in a short period [1]. Stage 17, priced at $0.00998, is nearing full allocation, while the confirmed listing price of $0.3517 implies a potential 3,423% return for early buyers [2]. Unlike many speculative projects, Cold Wallet offers real-world utility through its gas, swap, and bridge fee refund model, incentivizing ongoing user activity from day one [3]. The project is further bolstered by its recent acquisition of Plus Wallet, granting access to over 2 million active users and immediate liquidity [1]. With each stage selling out faster than the last, the ROI window is rapidly closing. Whale activity indicates growing conviction, with large positions being locked in at current prices [2].

As Stage 17 nears exhaustion, the market is anticipating the imminent launch of Stage 18. Given the accelerated pace of the presale and narrowing upside, entering later stages could significantly increase the cost basis for the same potential reward [1]. The rapid capital raising and adoption model set Cold Wallet apart in a market where most projects trade near or above their fair value [3]. The project’s structure, including real-world usage and fee rebates, positions it as one of the few high-reward opportunities remaining in 2025 [2].

The broader market is at a crossroads. SHIB’s support test and ETH’s breakout represent traditional and institutional momentum, respectively, while Cold Wallet’s aggressive presale and utility-driven model offer a more unconventional but compelling narrative. Investors must weigh these dynamics carefully as the crypto market continues to evolve rapidly.

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[1] https://coinmarketcap.com/community/articles/68a52d456c44a00b0a34a922/