As Memorial Day approaches in the U.S., Ethereum (ETH) finds itself under renewed selling pressure, slipping 3.12% to $2,477 in the past 24 hours with daily trading volume at $12.9 billion. The drop comes amid a broader market cooldown, and analysts warn that the holiday weekend could exacerbate volatility due to low liquidity and reduced institutional activity. Historically, thin markets during long weekends tend to magnify price movements—raising the question: will ETH reclaim higher ground post-holiday or face a deeper pullback toward $2,300?
Despite the bearish technical outlook, ETF flows offer a silver lining. On May 23, Bitcoin ETFs pulled in $211 million, and Ethereum ETFs added $58.6 million, representing 22,000 ETH purchased by institutions. This capital injection reflects ongoing confidence in Ethereum’s long-term outlook, possibly influenced by the regulatory progress around spot ETH ETF approvals and improved macroeconomic conditions.
On the charts, however, ETH is showing signs of weakness. The asset has broken below a rising trendline and now sits beneath the 50-period exponential moving average (EMA), currently a resistance level at $2,555. A bearish candlestick cluster around $2,523, combined with a negative MACD histogram, suggests downside pressure is mounting. If ETH fails to hold $2,378, traders could see price retest the $2,272–$2,172 support band. A break above $2,555, on the other hand, may renew bullish momentum with a short-term target of $2,800.
The Ethereum market may remain range-bound or volatile until early next week, especially if fresh catalysts don’t emerge. But while ETH consolidates, altcoins like BTC Bull Token (BTCBULL) are rapidly gaining attention from investors seeking yield and price upside.
Currently in its final presale phase, BTCBULL has raised $6.33 million out of a $7.33 million cap, with its token price at $0.00253. The token offers a 65% APY staking pool, and unlike traditional DeFi platforms, it imposes no lock-up periods or withdrawal fees—making it highly accessible to casual and serious investors alike.
What makes BTCBULL unique is its built-in BTC reward mechanism. As Bitcoin’s price rises, the protocol distributes airdrops to token holders, and for every $50,000 increase in BTC, a token burn reduces overall supply—driving scarcity alongside demand. Priority access to rewards is reserved for early backers and presale participants.
As of now, over 1.62 billion BTCBULL tokens are staked in its Ethereum-based smart contract. With flexible access, high yield, and growing momentum, BTCBULL is quickly positioning itself as a solid passive income option during periods when larger assets like ETH and BTC undergo temporary corrections or consolidation.
Investors looking to diversify in the face of holiday-induced market uncertainty may consider BTCBULL as a tactical hedge or complementary asset. With Ethereum’s price trajectory uncertain for the coming days, alternative assets offering structured rewards could outperform in the short term.
