BTC Bull Token (BTCBULL) Presale Raises $5.38 Million Ahead of Launch

The Ethereum price rose more than 1% in the last 24 hours to trade at $1,835 by 3:48 a.m. EST as trading volume surged 53% to $14.1 billion.

The world’s second-largest cryptocurrency was trading up 0.6% in the hour after Pectra hard fork began at 10:05 UTC.

The upgrade, which is the biggest change to the Ethereum network since the Merge transitioned the blockchain to a proof of stake consensus model last year, is adding new capabilities to the network.

This will change the game for Ethereum : Pectra Upgrade is Live ⚡

Here's how this will impact $ETH Network 🧵

Old Age Labelled ETH = Becoming Modern Day Network

• Fewer Clicks

– No more double signing the transactions– No more approval + sign pop-up

• Smart Wallet… pic.twitter.com/Gsrkc1Rqgq

— Crypto with Khan ( SFZ ) (@Cryptowithkhan) May 7, 2025

Several industry observers have described the upgrade as a bullish event.

With Ethereum boasting a first-mover advantage in the decentralized finance space and Pectra also bringing improvements to the user interface, the series of other upgrades to the network are expected to usher the Web3 space into a new era.

It’s also likely to kickstart the the next bull run, as the upgrades give the network the ability to facilitate the growing institutional adoption of Ethereum and the broader digital asset space.

Ethereum Price Breakout Signals A 46% Surge

The ETH price has recently broken out of a descending wedge pattern, a formation typically considered bullish. This pattern had been forming over several months, characterized by lower highs and lower lows converging toward a point.

The breakout occurred with a decisive move above the upper trendline, signaling a potential trend reversal from bearish to bullish.

Currently, the Ethereum price is being is at around $1,835, above the 50-day Simple Moving Average (SMA) at$1,777.79, which further supports the emerging bullish momentum.

This breakout is significant as it suggests that the bears' strength is diminishing, paving the way for a potential rally in the ETH price.

The breakout target based on the wedge’s height suggests a potential move toward the $2,700 region, which coincides with the 200-day SMA, adding to its significance as a resistance level, according to data.

Meanwhile, the Relative Strength Index (RSI) is at 57.11, moving upwards but not yet in overbought territory, indicating room for further upside.

The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, with the blue MACD line above the orange signal line and both in positive territory, supporting continued upward momentum.

The confirmed breakout from the falling wedge, the support from the 50-day SMA, and bullish signals from both the RSI and MACD show that the Ethereum price is likely to attempt a rally toward the 200-day SMA at approximately $2,705.

That would result in a gain of around 46% from the current price levels.

On the flipside, the price of Ethereum could drop to the $1,500 level if the bears manage to regain control.

BTC Bull Token Surges Towards $6 Million Presale Goal

Crypto investors are showing huge enthusiasm for BTC Bull Token (BTCBULL), a promising Bitcoin-themed meme coin.

Popular crypto YouTube channel 99Bitcoins, boasting over 725K subscribers, predicts 10X gains for BTCBULL holders after the token launches.

BTC Bull Token is setting a new standard by becoming the first crypto project to reward holders with actual Bitcoin.

Designed to thrive during Bitcoin’s explosive runs, BTCBULL aligns with BTC’s rise and turns that momentum into amplified gains for investors.

The token is currently in presale and has already secured $5.38 million in funding.

Those who buy BTCBULL will be eligible for BTC airdrops at certain Bitcoin price milestones, starting at $150K, and every $50K increment thereafter.

To enhance scarcity and mimic Bitcoin’s limited supply, the project will also perform periodic token burns, beginning when Bitcoin hits $125K for the first time and continuing every subsequent $25K increase.

This burning mechanism will reduce BTCBULL’s supply, potentially creating powerful upward price momentum as the meme coin becomes scarcer.

🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.

With built-in incentives for buying, holding, and trading, $BTCBULL gives