Ripple's increasing stablecoin adoption and institutional inflows into AVAX are positive for the altcoin market. However, ETH faces technical weakness and macroeconomic uncertainty. The market bias is neutral to cautiously bearish.

・Ripple's stablecoin RLUSD adopted as off-ramp for BlackRock and VanEck tokenized funds Ripple and Securitize have launched smart contracts allowing holders of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and VanEck's Treasury Fund (VBILL) to exchange their tokenized shares for the Ripple USD (RLUSD) stablecoin. This facilitates exchanges between tokenized assets held by institutional investors and stablecoins, enhancing liquidity and accessibility within the DeFi ecosystem. This move is significant for expanding the use cases of stablecoins amidst growing institutional adoption of tokenized assets, potentially driving wider RLUSD adoption and indirectly impacting the ETH ecosystem. ・World Liberty adviser signals major investment in AVAX; corporate finance to drive AVAX rally Prominent crypto investors and advisors are betting millions on the price increase of the Avalanche (AVAX) token, spurred by recent corporate financial announcements and an upcoming ETF application. Notably, Mr. Ogle, an advisor for World Liberty Financial (WLFI), has established a $2.2 million long position with 10x leverage. This suggests strong conviction from institutional players and influencers regarding AVAX's future potential, potentially driving capital inflows into the Avalanche ecosystem. AVAX's price performance could also influence overall altcoin market sentiment compared to ETH. ・Kazakhstan partners with Solana and Mastercard to launch Evo stablecoin Kazakhstan's National Bank is collaborating with Solana and Mastercard on a pilot project for a new stablecoin pegged to the local fiat currency. This Evo (KZTE) stablecoin, pegged to the Kazakhstani tenge, will be issued by the Intebix crypto exchange. This initiative represents a state-level advancement in stablecoin implementation, leveraging the Solana blockchain's scalability and low transaction costs. The proliferation of stablecoins strengthens the payment infrastructure across the crypto market and could inspire innovation on other blockchain platforms, including Ethereum. ・Ethereum's ETH price pattern breaks down; holding $4000 is key Ethereum (ETH) price has fallen over 7.50% this week, driven by broader market risk-off sentiment. Technical analysis indicates that ETH's decline has triggered classic bearish reversal signals, raising the risk of further downside. The breakdown below a symmetrical triangle pattern suggests a potential 15% correction towards $3560. Bulls must defend the rising trendline support to prevent additional losses. Maintaining this support level is crucial as ETH's price action directly influences sentiment across the entire altcoin market. ・CleanSpark secures $100 million Bitcoin-collateralized loan, up 5% Bitcoin mining firm CleanSpark announced a $100 million financing agreement with Coinbase Prime for institutional clients, boosting its shares by 5% in after-hours trading. This facility allows CleanSpark to secure additional credit using a portion of its Bitcoin (BTC) holdings as collateral. The raised capital will fund the expansion of its Bitcoin mining operations, high-performance computing (HPC) capabilities, and energy portfolio. This demonstrates mining companies' funding capacity and ambition for growth, attracting market interest concerning Bitcoin network hashrate, mining difficulty, and potentially in comparison to ETH mining. ・JPMorgan CEO: Fed rate cuts aren't guaranteed; stablecoins pose no threat to banks JPMorgan CEO Jamie Dimon stated that the Federal Reserve faces difficulties implementing rate cuts unless inflation subsides, and expressed no concerns about stablecoins threatening the banking sector. He highlighted inflation stagnating near 3%, with potential for further increases. This commentary underscores the significance of the macroeconomic environment, particularly inflation trends and Fed monetary policy, on the broader crypto market. A sustained high-interest-rate environment could dampen capital inflows into risk assets like cryptocurrencies, indirectly impacting ETH's price. ・Bitcoin price to reach $3.4 million by 2028? Arthur Hayes disagrees Former BitMEX CEO Arthur Hayes predicts Bitcoin (BTC) price will "significantly exceed" current levels by 2028, though he deems the $3.4 million per coin forecast overly optimistic. In his blog post "Four, Seven," Hayes suggests that increased US "money supply expansion" under a potential Trump administration could pave the way for BTC price appreciation. Hayes' analysis focuses on the impact of macroeconomic policies, specifically monetary expansion, on Bitcoin's price, which could also relate to the valuation of other cryptocurrencies, including ETH. ・ETH futures weaken: Market overreaction or is $3.8K next? Ethereum (ETH) experienced a correction of 9.2% in under 12 hours, following a general risk-off sentiment in the crypto market. Despite over $500 million in forced liquidations from bullish leveraged positions, buyers entered around the $4150 mark. Traders are now debating whether bearish signals in ETH's futures market represent an overreaction or foreshadow further declines towards $3.8K. Futures market movements serve as a potential leading indicator for institutional sentiment and short-term price action, making them crucial for gauging ETH's future trajectory. 【Overall Summary】 The expanding adoption of Ripple's stablecoin and institutional focus on Avalanche suggest capital inflows into these altcoin ecosystems, potentially impacting the market positively. Conversely, Ethereum's technical downturn and remarks from the JPMorgan CEO highlight the significant influence of macroeconomic uncertainty and Federal Reserve monetary policy on the market. While these factors may combine to sustain short-term volatility, structural capital inflows into stablecoins and specific blockchain ecosystems could underpin the medium-to-long-term growth of the ETH ecosystem.

ETH faces a potential 15% decline to $3,560 after breaking down from its symmetrical triangle. Persistently high interest rate expectations continue to weigh on risk assets. The $4,142 level acts as short-term support, while $3,560 is the pattern target. Keep an eye on macroeconomic trends and a potential breach of the $4,142 support.

**Outlook:** * **Short-term (24-48h):** Holding the $4142 USD level is the key focus. A break below could accelerate declines towards $3800 and $3560 USD. * **Mid-term (1 week):** Potential for continued bearish macro and technical conditions. News surrounding stablecoins and AVAX may provide underlying support. * **Catalysts:** US CPI, FOMC Meeting Minutes.

The ETH market remains neutral to bearish amid a symmetrical triangle breakdown and macroeconomic uncertainties. While the RSI decline indicates a cooling off from overbought conditions, the risk of breaking the $4142 support level suggests a potential downtrend. **Bias:** Cautiously bearish. Investors should monitor the $4142 support level. A break below this price could trigger short positions targeting $3800 and $3560, with a stop-loss set above $4300. Conversely, if recovery and stabilization occur, consider long positions, preferably after confirming a break above $4300 or a breakout of $4629. This week, the $4142 support and $4300 resistance levels are key. Inflationary pressures and Federal Reserve actions remain crucial. Institutional interest in tokenization is a long-term positive, but a disciplined strategy is key to successfully navigating short-term volatility.