{"id":1252750,"date":"2026-04-07T11:44:06","date_gmt":"2026-04-07T08:44:06","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1252750"},"modified":"2026-04-07T18:49:46","modified_gmt":"2026-04-07T15:49:46","slug":"crypto-corner-eth-contends-with-resistance-again","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/","title":{"rendered":"Crypto Corner: ETH Contends With Resistance (Again)"},"content":{"rendered":"

The Daily Breakdown takes a look at the technical setup for Ethereum. BKNG rallies on a stock split, while health insurance stocks jump.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

Crypto Corner<\/b><\/h2>\n

We\u2019re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the <\/span>110+ cryptoassets offered by eToro<\/span><\/a>. Today we\u2019ll discuss Axie Infinity and Dogwifhat.<\/span><\/p>\n

Axie Infinity (AXS): Trading near $1.10 with a market cap of ~$186 million<\/b><\/h4>\n

Axie Infinity<\/a>, launched by Sky Mavis in 2018, became one of crypto\u2019s biggest play-to-earn games by letting users collect, breed, and battle NFT-based creatures called Axies. Its native token, AXS, is used for staking, governance, and certain in-game functions, with players also able to earn tokens through gameplay.<\/span><\/p>\n

That utility matters: AXS is tied to a live, functioning ecosystem rather than just a promise of future development. While Sky Mavis remains an important builder, holders do not receive dividend or profit rights, and the token\u2019s core role is participation in gameplay, staking, and community governance.<\/span><\/p>\n

Dogwifhat (WIF): Trading near $0.18 with a market cap of ~$178 million<\/b><\/h4>\n

Dogwifhat<\/a>, launched on Solana in late 2023, is a meme coin built almost entirely on internet culture rather than utility. Featuring its now-famous Shiba Inu in a pink knit hat, WIF surged to a multibillion-dollar valuation through viral social media momentum, despite having no formal team, roadmap, whitepaper, or underlying business model.<\/span><\/p>\n

That structure is the point: WIF offers no ownership rights, dividends, or protocol claim, and its price action depends less on managerial execution than on speculation, sentiment, and the staying power of the meme itself.<\/span><\/p>\n

Check out these three crypto offerings \u2014 and many more \u2014 on <\/b>eToro\u2019s Discover page<\/b><\/a> and consider adding them to your watchlist.\u00a0<\/b>\u00a0<\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 Ethereum<\/b><\/h2>\n
\"Daily
Chart as of 8:00 a.m. ET on 4\/7\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

When we looked at<\/span><\/a> Ethereum last month, it had recently broken out over $2,150 resistance. However, the rally was short-lived and ETH<\/a> dipped down toward $2,000. On the plus side, it continues to make a series of <\/span>higher lows<\/span><\/i> (illustrated by the green arrows) and is doing a good job staying above $2,000. On the flip side, the $2,150 to $2,200 zone is still acting as resistance. Bulls will want to see ETH clear this range before any meaningful upside can continue.\u00a0<\/span><\/p>\n

Options<\/b><\/h4>\n

For investors who can\u2019t trade or aren\u2019t comfortable trading cryptocurrencies outright, they can consider ETFs for BTC and ETH. On the Ethereum front, <\/span>ETHA<\/span><\/a> remains the largest ETF by assets, while also supporting options trading.\u00a0<\/span><\/p>\n

Bulls can utilize calls or call spreads to speculate on upside, while bears can use puts or puts spread to speculate on downside. In either case, investors may consider using adequate time until expiration.\u00a0<\/span><\/p>\n

For those looking to learn more about options, consider visiting the <\/span>eToro Academy<\/span><\/a>.<\/span><\/p>\n

What Wall Street’s Watching<\/h2>\n

BKNG<\/b><\/p>\n

Shares of Booking Holdings<\/a> jumped 5% yesterday, its first session after undergoing a 25-for-1 stock split. Despite Monday\u2019s rally, shares of BKNG stock have struggled this year, down more than 17% year to date. Bears point to rising gas prices as a negative catalyst for travel stocks, while bulls argue that growth and valuation remain attractive. <\/span>Review our Deep Dive of BKNG<\/span><\/a>.\u00a0<\/span><\/p>\n

UNH<\/b><\/p>\n

Shares of UnitedHealth<\/a> are up about 7% this morning, as health insurance stocks like Humana<\/a>, CVS Health<\/a>, and Elevance Health<\/a> surge higher. The rally comes as the US will raise average Medicare Advantage payments to private insurers by 2.48% in 2027. In January, the Trump administration proposed just a 0.09% increase, while estimates had been calling for a revised payment increase of about 1%. <\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Daily Breakdown takes a look at the technical setup for Ethereum. BKNG rallies on a stock split, while health insurance stocks jump. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1252750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown's Crypto Corner: ETH Contends With Resistance (Again)<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown takes a look at the technical setup for Ethereum. BKNG rallies on a stock split, while health insurance stocks jump.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1252750\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Daily Breakdown's Crypto Corner: ETH Contends With Resistance (Again)\" \/>\n<meta property=\"og:description\" content=\"The Daily Breakdown takes a look at the technical setup for Ethereum. BKNG rallies on a stock split, while health insurance stocks jump.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1252750\" \/>\n<meta property=\"og:site_name\" content=\"eToro\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eToro\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-07T08:44:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-07T15:49:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@eToro\" \/>\n<meta name=\"twitter:site\" content=\"@eToro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bret Kenwell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/\"},\"headline\":\"Crypto Corner: ETH Contends With Resistance (Again)\",\"datePublished\":\"2026-04-07T08:44:06+00:00\",\"dateModified\":\"2026-04-07T15:49:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/\"},\"wordCount\":670,\"publisher\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"articleSection\":[\"The Daily Breakdown\"],\"inLanguage\":\"en-us\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/\",\"url\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/\",\"name\":\"The Daily Breakdown's Crypto Corner: ETH Contends With Resistance (Again)\",\"isPartOf\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"datePublished\":\"2026-04-07T08:44:06+00:00\",\"dateModified\":\"2026-04-07T15:49:46+00:00\",\"description\":\"The Daily Breakdown takes a look at the technical setup for Ethereum. BKNG rallies on a stock split, while health insurance stocks jump.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#breadcrumb\"},\"inLanguage\":\"en-us\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-us\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#primaryimage\",\"url\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"contentUrl\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.etoro.com\/en-us\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Daily Breakdown\",\"item\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Crypto Corner: ETH Contends With Resistance (Again)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/#website\",\"url\":\"https:\/\/www.etoro.com\/en-us\/\",\"name\":\"eToro\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.etoro.com\/en-us\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-us\"},[]]}<\/script>","yoast_head_json":{"title":"The Daily Breakdown's Crypto Corner: ETH Contends With Resistance (Again)","description":"The Daily Breakdown takes a look at the technical setup for Ethereum. BKNG rallies on a stock split, while health insurance stocks jump.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1252750","og_locale":"en_US","og_type":"article","og_title":"The Daily Breakdown's Crypto Corner: ETH Contends With Resistance (Again)","og_description":"The Daily Breakdown takes a look at the technical setup for Ethereum. BKNG rallies on a stock split, while health insurance stocks jump.","og_url":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1252750","og_site_name":"eToro","article_publisher":"https:\/\/www.facebook.com\/eToro\/","article_published_time":"2026-04-07T08:44:06+00:00","article_modified_time":"2026-04-07T15:49:46+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_creator":"@eToro","twitter_site":"@eToro","twitter_misc":{"Written by":"Bret Kenwell","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#article","isPartOf":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/"},"headline":"Crypto Corner: ETH Contends With Resistance (Again)","datePublished":"2026-04-07T08:44:06+00:00","dateModified":"2026-04-07T15:49:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/"},"wordCount":670,"publisher":{"@id":"https:\/\/www.etoro.com\/en-us\/#organization"},"image":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#primaryimage"},"thumbnailUrl":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","articleSection":["The Daily Breakdown"],"inLanguage":"en-us"},{"@type":"WebPage","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/","url":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/","name":"The Daily Breakdown's Crypto Corner: ETH Contends With Resistance (Again)","isPartOf":{"@id":"https:\/\/www.etoro.com\/en-us\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#primaryimage"},"image":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#primaryimage"},"thumbnailUrl":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","datePublished":"2026-04-07T08:44:06+00:00","dateModified":"2026-04-07T15:49:46+00:00","description":"The Daily Breakdown takes a look at the technical setup for Ethereum. BKNG rallies on a stock split, while health insurance stocks jump.","breadcrumb":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#breadcrumb"},"inLanguage":"en-us","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/"]}]},{"@type":"ImageObject","inLanguage":"en-us","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#primaryimage","url":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","contentUrl":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-eth-contends-with-resistance-again\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.etoro.com\/en-us\/"},{"@type":"ListItem","position":2,"name":"The Daily Breakdown","item":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/"},{"@type":"ListItem","position":3,"name":"Crypto Corner: ETH Contends With Resistance (Again)"}]},{"@type":"WebSite","@id":"https:\/\/www.etoro.com\/en-us\/#website","url":"https:\/\/www.etoro.com\/en-us\/","name":"eToro","description":"","publisher":{"@id":"https:\/\/www.etoro.com\/en-us\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.etoro.com\/en-us\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-us"},[]]}},"_links":{"self":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1252750"}],"collection":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/users\/130"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/comments?post=1252750"}],"version-history":[{"count":0,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1252750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/media\/819735"}],"wp:attachment":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/media?parent=1252750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/categories?post=1252750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/tags?post=1252750"},{"taxonomy":"asset_type","embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/asset_type?post=1252750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}