Blockchain Index

Ethereum Technical Outlook – $1,800 Support Faces Test Amid STH Capitulation

$ETH recently bounced from the $1,800 level following $400M in realized losses by short-term holders, driven by rising macro uncertainty around Trump's tariff plans. Despite the heavy selling, the RSI on the hourly chart has climbed to 58.98, showing mild bullish divergence as price attempts to recover above the mid-Bollinger Band ($1,831).

Staking flows surged by 530K $ETH this month, offsetting exchange outflows of 940K ETH, and signaling long-term conviction remains strong.

If $ETH holds above $1,800, it could maintain consolidation and build toward $2,070. However, a breakdown below that level may validate a bearish continuation, with $1,500 as the next key support. Traders should monitor volume, RSI trends, and staking flow resilience closely as April 2 approaches. 

Solana Futures ETFs Launch With Modest Traction

Volatility Shares debuted two Solana-based futures ETFs on March 20—SOLZ and the leveraged 2x SOLT. While both funds saw daily average volumes of $1.25M and $2.16M respectively, the market response remains relatively muted compared to earlier crypto ETF launches. Despite stable performance, the lack of significant demand highlights a clear contrast with Bitcoin futures ETFs like ProShares BITO, which posted $204M in average daily volume during its debut week.

Bloomberg’s Eric Balchunas noted that “the further you get away from BTC, the less asset there will be,” emphasizing that Bitcoin still dominates institutional investor interest. $SOL may continue to grow in relevance, especially with its expanding ecosystem and DeFi traction, but ETF demand suggests a cautious institutional approach for now. These early figures highlight how investor confidence and familiarity play a pivotal role in ETF success.

Cardano at Risk – Will $ADA Drop Below $0.40?

Cardano is on the verge of breaking below its 200DMA, signalling potential downside ahead. The price hovers at $0.63, with strong resistance at $0.66, and a critical support test near $0.55. ADA has struggled amid economic uncertainty, trade war fears, and Bitcoin’s correction. Liquidity conditions suggest a crypto market rebound is possible, but ADA remains in a downtrend until proven otherwise. If ADA fails to hold support, a drop to the $0.40s is likely, but long-term fundamentals remain strong. With SEC regulatory clarity, potential ETF inclusion, and major blockchain adoption rumors, Cardano is positioned for future growth. This dip could be a golden buying opportunity before ADA’s next big rally.

CME’s Solana Futures – Game-Changer for Institutional Crypto? 

CME Group launches Solana futures on March 17, bringing institutional adoption to another level. Regulated $SOL futures mean big money is coming in, boosting liquidity and price discovery. SOL futures will be cash-settled, allowing hedge funds and institutions to trade without direct custody risks. Institutional interest in crypto derivatives is exploding, with a 73% rise in CME’s daily crypto trading volume. With Bitcoin and Ethereum futures paving the way, Solana is now the third major altcoin to enter the regulated derivatives market. If demand continues, expect futures for more top altcoins like XRP, Dogecoin, and Avalanche. This is a massive step in Solana’s journey to becoming a dominant force in the crypto market.

That said, we issued the monthly rebalance this weekend.

$POL was added with the weight of 0.27%, while $VET and $CRO fell out of our parameters and were removed. The rest of the structure was rebalanced to our existing structure.