The cryptocurrency market is currently undergoing a period of significant volatility, testing established support levels for several major assets. Ethereum (ETH) has recently adjusted to the $1,975 range, reflecting a notable decline from its 2025 highs. Currently, the $1,850 price point is identified as a primary technical floor in recent market forecasts.
Similarly, the Sui (SUI) price is experiencing sustained selling pressure, trading near $0.93. Technical indicators suggest limited near-term momentum as the asset remains below its major moving averages. Amidst this broader market correction, the Zero Knowledge Proof (ZKP) project is approaching a transition in its distribution phase, with its Stage 2 presale auction scheduled to close shortly. This shift involves a planned reduction in daily token availability, moving from 190 million to 180 million tokens.
Technical Support Levels in Ethereum Price Analysis
Ethereum is currently facing persistent downward pressure, trading at approximately $1,975. This level represents a correction of over 60% from its peak in August 2025. Data from spot and futures markets indicate a reduction in open interest, suggesting that many participants are currently de-risking. In this technical environment, the $1,850 level is considered a vital support zone. Should this floor hold, analysts suggest the possibility of a period of consolidation with potential targets toward $2,000–$2,100.
Current momentum indicators, including the Relative Strength Index (RSI), reflect oversold conditions; however, a definitive reversal has yet to materialize. For a shift in the medium-term trend, technical models indicate that ETH must reclaim the $2,490 resistance level on high trading volume. Conversely, a breach of the $1,850 support could lead to further downside toward $1,750 or $1,690, extending the current bearish trajectory.
Sui Price Analysis: The $0.86 Support Floor
Sui (SUI) is also encountering significant market headwinds, with the price currently at $0.9297. The asset is trading substantially below its primary moving averages, including the 50-day MA at $1.49 and the 200-day MA at $2.47. Technical oscillators such as the MACD and ADX continue to signal downward momentum, while an RSI of 29 indicates that the asset is in oversold territory.
In the short term, the Sui price is expected to oscillate between $0.86 and $0.98. Technical projections suggest a high probability of further corrections unless the price can stabilize above the $0.98 mark and eventually the Ichimoku Kijun at $1.36. A failure to maintain the $0.86 support level may result in accelerated losses. Analysts note that while oversold signals are present, a lack of sustained buying volume remains a primary obstacle to a trend reversal.
ZKP Presale Auction: Proportional Distribution and Supply Mechanics
The ZKP presale is approaching the end of Stage 2, which utilizes an auction-based distribution model. Unlike traditional fixed-price structures, this project employs a 24-hour proportional auction system. Each day, a predetermined number of tokens is released, and participants receive an allocation based on their individual contribution relative to the total daily pool.
During the current Stage 2, the network distributes 190 million ZKP tokens daily. Upon the commencement of Stage 3, this daily allocation will be reduced to 180 million. This 10-million-token reduction represents a tightening of supply. In this model, as the daily availability decreases, a consistent contribution amount results in a smaller share of the distributed tokens, effectively increasing the entry cost.
The project incorporates several structural features to maintain transparency:
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Deflationary Burn: Any tokens not allocated during a 24-hour cycle are permanently destroyed.
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Contribution Caps: A $50,000 daily limit per participant is enforced to mitigate the influence of large-scale buyers.
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On-Chain Verification: All auction activity and price discovery are recorded on-chain for public auditing.
Market Summary: Identifying Relative Utility
Ethereum remains at a critical technical juncture, with the $1,850 level serving as the primary focus for short-term stability. A successful defense of this level could lead to a localized recovery, while a failure would likely extend the downward trend. Sui similarly faces a test of its $0.86 support, with resistance capped by its declining moving averages.
In contrast to the technical weakness seen in established assets, the ZKP project is characterized by its structured supply reduction. With the daily distribution set to decrease by 10 million tokens, the current window represents the highest remaining availability in its 17-stage roadmap. The project’s emphasis on proportional fairness and a deflationary burn mechanism provides an alternative model for participants seeking transparent price discovery during periods of market uncertainty.
ZKP Project Resources:
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Official Website: https://zkp.com/
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Presale Access: http://buy.zkp.com/
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Community Updates: https://t.me/ZKPofficial
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Social Media: https://x.com/ZKPofficial
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
