According to AltcoinGordon on Twitter, BlackRock has purchased 10,955 ETH valued at $20.1 million, signaling significant institutional interest in Ethereum. This large-scale acquisition may contribute to upward price momentum and increased volatility, drawing attention from both retail and professional crypto traders. Market participants should monitor ETH price action closely as such institutional moves often precede short-term liquidity shifts and may set new support levels for Ethereum (Source: @AltcoinGordon, Twitter, May 3, 2025).

According to Crypto Rover (@rovercrc), the bottom for Ethereum has been confirmed, indicating a bullish trend for $ETH. Traders should consider this a potential opportunity for entering long positions. Historical support levels have been tested and held, providing confidence in upward momentum [source: Twitter, Crypto Rover].

According to Moonshot, the top trending cryptocurrencies today are drawing significant attention from traders. The current spotlight is on Bitcoin, Ethereum, and Solana, showing increased trading volumes and volatility, which can present both opportunities and risks for active traders (source: Moonshot). Bitcoin's recent price action suggests potential resistance at $65,000, while Ethereum is testing support at $4,200. Solana, known for its scalability, is witnessing a surge in developer activity, possibly affecting its long-term valuation (source: CoinMarketCap). Traders are advised to monitor these levels closely and consider setting stop-loss orders to manage risk.

According to Crypto Rover, Ethereum ($ETH) is currently experiencing a bear trap. This situation can mislead traders into believing that the price is in a downtrend, potentially leading to premature selling. Traders should closely monitor support levels and volume indicators to avoid falling into this trap. Historical data suggests that bear traps often precede bullish reversals, presenting potential buying opportunities if confirmed by technical analysis (source: Crypto Rover).