Significant changes are occurring in the cryptocurrency market, with both positive trends and corrections observed. Ethereum is heading towards the $4,000 level while Tron shows signs of slowing growth after profit-taking.
Current Situation on the Ethereum Market
Ethereum (ETH) is working towards reaching the $4,000 level, as recent gains are supported by increasing reserves from ETFs and treasuries. Seventeen public companies currently hold over 1.74 million ETH worth about $6.9 billion. Analysts note that support at $3,840 is critical; if current momentum continues, ETH may break the $4,000 ceiling before the end of the quarter.
Profit-Taking on the Tron Market
Tron (TRX) is under the spotlight after Glassnode data revealed long-term holders have locked in approximately $1.4 billion in profits this year. Much of this accumulation took place between 2020 and 2021. This could signal potential slowdowns in growth, although TRX remains strong in stablecoin transfers and DeFi.
Prospects for Cold Wallet and Its Market Impact
Cold Wallet's $270 million acquisition has allowed it to attract over 2 million active users. Being able to establish such a base before launching the $CWT token creates conditions for a successful start. Currently, more than 703 million tokens have been sold, generating interest from potential investors and creating positive sentiment around the project.
Despite resistance from large holders on the Tron market, Ethereum continues to gain optimism as it approaches $4,000. Meanwhile, Cold Wallet demonstrates growth even in the presale stage, offering fresh strategies for user engagement.
