![Value Locked in Defi Drops Below $200 Billion, April's Dex Trade Volume Drops 21% Lower Than March](https://static.news.bitcoin.com/wp-content/uploads/2022/05/shutterstock_1717726981.jpg)
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Bitcoin’s inability to hold above $40,000 has traders now targeting extreme lows in the $25,000 zone, a move that would be absolutely deadly for most altcoins.
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Can Ethereum’s rebrand from Eth2 help manage the high expectations, and what can be expected from the Migration? Cointelegraph Research unveils its report.
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BTC and select altcoins could be gearing up for an oversold move, but traders beware, it’s likely to be a dead cat bounce.
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An assortment of on-chain and derivatives data signal that ETH price is unlikely to rally above $3,500 any time soon.
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Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million.
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