Pi Network recent trading price has risen by approximately 10%, mainly driven by the upcoming launch of PI token on a renowned US centralized exchange and Pi Day, boosting retail investor confidence. Technical analysis shows short-term bullish signals, but caution is warranted for the medium to long term. Community sentiment has improved, indicating increased retail interest, which provides support for short-term upside potential.
According to Glassnode data, XRP displays two major indicator signals showing the price is below fair value, and the realized profit/loss ratio is approaching 1.0, which historically suggests potential rebounds. Additionally, XRP is consolidating within a symmetrical triangle pattern, with key resistance at $1.50 and support at $1.30, as the market awaits a directional breakout.
Ethereum faces an "adoption paradox" where network activity has reached record highs, but ETH price has declined significantly, revealing a divergence between the two. Analysis indicates that current network activity growth primarily stems from automated contracts like DeFi, rather than genuine user demand, which has intensified selling pressure. If the bear market persists until 2026, ETH could potentially drop to $1,500. It's important to monitor changes in capital inflows and exchange inflows to determine whether ETH will emerge from the bear market.