- ETH breaks a months-long downtrend, signaling bullish momentum with price nearing $1,820.
- LINK climbs above cloud resistance, suggesting a potential rally toward the $17–$18 range.
- Both tokenized and traditional Amazon assets surge, reflecting renewed investor confidence across platforms.
In a week marked by renewed optimism across crypto and equity markets, major digital assets and tokenized stocks are showing signs of strength and reversal. Ethereum and Chainlink both posted notable gains, with Ethereum breaking out of a prolonged downtrend and Chainlink pushing above key resistance levels. Meanwhile, investor interest surged in Amazon (AMZN), and traditional Amazon shares rebounded sharply from recent lows. These movements suggest a potential shift in crypto market sentiment, fueled by technical breakouts, increased trading volume, and broader bullish momentum.
Ethereum (ETH)
Ethereum (ETH) posted a notable 1.67% gain over the past 24 hours, bringing its price to $1,815.7 amid a significant surge in trading volume, which spiked by 19.45% to $16.88 billion. The coin holds the second-biggest market position in the crypto space with a current market cap value of $219.82 billion, indicating expanding investor trust. The price of ETH fell below $1,760 on 28 evening but recovered to $1,840 and currently at $1,815.7. Ethereum shows strong crypto market performance through its 7.46% volume-to-market-cap ratio and its total supply and circulating supply of 120.72 million ETH. These factors demonstrate renewed investor interest because of macroeconomic conditions and widespread crypto market optimism.
Source: CoinMarketCap
According to Max, Ethereum (ETH) has officially broken out of a prolonged downtrend that began after reaching its peak at $4,108.86, signaling a potential trend reversal. Throughout multiple months of decline, the market reached its bottom at $1,384.84, then started its recovery phase. The most recent market data indicates ETH surpassed $1,820.15 to breach the established downward steep line. The technical breakout, along with higher low formation and persistent buying interest, reveals rising bullish power in Ethereum, which suggests potential resistance level tests near $2,065.
Source: X
Chainlink (LINK)
Chainlink (LINK) experienced a modest upward trend over the past 24 hours, with its price climbing 0.48% to $14.92. LINK experienced a substantial market volatility surge as its price reached $9.8 billion through the addition of new capital from investors who boosted daily trading volume by 2.90% to $335.18 million. LINK recovered with strength after reaching an initial low of $14.70 to achieve a maximum point above $15.20, which it later stabilized near $15.00. Investor sentiment shows gentle optimism regarding LINK as its circulating supply stands at 657.09 million tokens from a maximum of 1 billion tokens, while a volume-to-market-cap ratio reaches 3.42%. Market participants continue to demonstrate strong interest in LINK cryptocurrency as it maintains its upward price direction, together with high trading activity.
Source: CoinMarketCap
According to Ali, Chainlink (LINK) is showing signs of a potential bullish reversal after breaking above the cloud resistance on the daily chart. LINK experienced substantial price growth to $14.99 after enduring its monthslong bearish streak that started in February and received an additional downgrade from the sell signal. The recent candle advancer above the cloud indicates an elevated level of bullish strength because it represents the initial break since the price dip. Maintaining its current breakout may cause the crypto industry mood to change, enabling LINK to reach $17–$18 price levels.
Source: X
Amazon (AMZN)
Amazon (AMZN) stock has begun showing recovery patterns while maintaining its position at $186.93 during April 29th 2025 trading with a daily decrease of 0.41%.Stock prices have recovered from their $161 low in mid-April to develop an upward trend then followed a deep price drop started from above $240 in February. Since the start of this turbulence Amazon (AMZN) shares have shown new upward movement but the market experienced consecutive price drops leading to increased selling intensity through 2025. Market participants monitor $176 as it stands as a key resistance barrier in the stock price while anticipating the earnings report to create potential momentum for future price movements.
Source: TradingView
According to market analyst Ali, Amazon (AMZN) has shown a strong bullish reversal after recently testing the critical support level near $166. Following a prolonged downtrend earlier in April, the crypto rebounded sharply from its monthly low, surging past the $176 resistance and climbing to $187.72 as of the latest update. The price is now consolidating just below the psychological resistance around $190, suggesting a potential breakout if buying momentum continues. The chart highlights significant price action recovery and growing investor optimism, which could signal a return to upward momentum after weeks of volatility.
Source: X
