Ethereum News Today: XRP Approaches $3.70 Resistance, Eyes $5 on Breakout Ethereum Surpasses 18-Month Resistance, Targets $7,000 Cold Wallet Presale Hits $5.9M, Projects 4,900% Return XRP and Ethereum Lead, Cold Wallet Offers Alternative Growth Path

XRP has shown signs of a potential breakout as it approaches a key resistance level of $3.70, with analysts noting that a successful move past this threshold could propel the asset toward $5 [1]. The weekly chart displays a classic cup-and-handle pattern, a bullish formation often associated with upward momentum. Institutional adoption and legal clarity continue to support XRP’s position as a reliable top-cap asset [1].

Ethereum has recently cleared an 18-month resistance zone, sparking forecasts of a possible rally toward $7,000 if the upward momentum continues [1]. The network’s foundational role in decentralized finance (DeFi), along with Ethereum 2.0 upgrades, has contributed to its long-term strength. Increased activity in staking, NFTs, and Layer 2 solutions has further elevated Ethereum’s network value. Notably, large on-chain movements suggest renewed confidence among major market participants [1].

Cold Wallet has emerged as a notable contender in the crypto market, with its presale raising over $5.9 million. The project’s cashback model rewards users for gas fees, swaps, and cross-chain transfers, making it attractive to both experienced traders and newcomers. At the current presale price of $0.00998 in Stage 17, Cold Wallet projects a potential 4,900% return at launch—equivalent to a 50x upside—should its goals be achieved [1].

The platform is currently built on Ethereum but plans to adopt Layer 2 solutions or develop a custom rollup post-sale. This strategy is intended to support high transaction volumes and streamline reward delivery, enhancing scalability and efficiency. The focus on self-custody, low costs, and transparent smart contracts aligns with a user-first approach that could differentiate Cold Wallet from traditional platforms [1].

While XRP and Ethereum remain dominant, Cold Wallet’s innovative structure and focus on rewarding participation offer a compelling alternative for investors seeking growth beyond traditional top-tier assets. The presale remains active, and the project’s clear roadmap and return potential continue to attract attention [1].

Source: [1] XRP Eyes $5, ETH Bullish, Cold Wallet Presale Hits $5.9M (https://crypto-economy.com/xrp-charts-bullish-path-ethereum-extends-rally-and-cold-wallets-presale-rockets-past-5-9m-as-cashback-model-attracts-traders/)