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ETH Faces a Bull Trap, & PEPE Loses Steam, While ZKP’s 190M Daily Token Draws Focus on Next Crypto to Explode

January 28, 2026 By CryptoReporter

Crypto markets are entering a phase where speed is losing its edge and structure is starting to dominate decision-making. Ethereum price today reflects that shift clearly, with a failed breakout reminding traders how fragile momentum can be. At the same time, meme assets are seeing capital rotate quickly as attention jumps between narratives rather than fundamentals.

In this environment, Zero Knowledge Proof (ZKP) is increasingly entering the conversation alongside majors. Instead of competing on short-term price action, it is being evaluated on how access, contribution, and rewards are structured. As traders rethink the best crypto to buy, projects that emphasize transparency and measurable participation are standing out more than those relying on pure speculation.

PEPE Faces Technical Weakness After January Rally

The Pepe coin price has cooled as speculative capital turns toward newer meme narratives. After a strong January run, PEPE has struggled to hold momentum as liquidity rotated into alternative ecosystems. While the Pepe coin price initially benefited from rapid inflows, that enthusiasm faded quickly once attention shifted elsewhere, leaving the price down roughly 15% over the past week.

Technical signals confirm the slowdown. On the 4-hour chart, MACD has turned bearish while RSI sits near 41, indicating weakening conviction rather than aggressive dip-buying. Both the Awesome Oscillator and Chaikin Money Flow remain negative, pointing to sustained outflows. 

The Pepe coin price is now hovering just above support near $0.0000045, a level weakened by repeated tests. A breakdown could open downside toward $0.0000028, while a bullish reset would require reclaiming resistance near the 0.382 Fibonacci level around $0.0000074.

Ethereum Breakout Falters as Bull Trap Unfolds

Ethereum’s latest breakout attempt has unraveled into a classic bull trap. Ethereum price today shows how quickly sentiment can flip when heavy supply enters the market. In mid-January, ETH broke out of an inverse head-and-shoulders pattern with strong momentum and visible whale accumulation, a setup that often favors continuation.

Instead, price reversed nearly 16% after colliding with a dense cost-basis supply zone between $3,490 and $3,510, where billions of dollars’ worth of ETH had previously accumulated. Despite whales adding more than one million ETH after the breakout, that demand was overwhelmed by supply and sharply negative ETF flows. 

Ethereum price today has since slipped back into its prior range, invalidating the move. The $2,773 level is now critical, while recovery requires reclaiming $3,046 and $3,180 before challenging resistance near $3,400.

ZKP Shifts Focus From Price to Participation and Contribution

As price-driven narratives lose traction, ZKP is increasingly being assessed through structure rather than momentum. Instead of fixed pricing, private rounds, or preferential access, ZKP distributes tokens through a daily presale auction. Currently, in stage 2, roughly 190 million ZKP tokens are released every 24 hours, with allocations determined purely by each participant’s share of that day’s pool. Timing offers no advantage, and outcomes are visible and verifiable.

This presale auction model reframes access as a repeatable process rather than a speculative event. Participants engage under the same conditions regardless of entry point, creating consistency instead of urgency-driven behavior. By removing fixed price assumptions, ZKP allows demand to express itself transparently each day. For traders reconsidering the best crypto to buy, this structure emphasizes participation mechanics over short-term price forecasting.

Beyond distribution, ZKP is built around contribution. Its consensus blends Proof-of-Intelligence with Proof-of-Stake participation, tying rewards to verifiable compute and network activity rather than passive holding. Proof Pods sit at the center of this system, performing privacy-preserving AI compute and generating zero-knowledge proofs. As more Pods come online, network capacity expands alongside participation, reinforcing a feedback loop between effort and reward.

In parallel, ZKP has launched a $5 million giveaway, distributing $500,000 worth of ZKP to each of ten winners. Entry requires holding ZKP worth $100 and completing defined participation steps, reinforcing commitment rather than casual speculation. In a market where narratives are fading quickly, this alignment between access, contribution, and incentives is reshaping how the best crypto to buy is being evaluated.

Ending Note

The current market reset is highlighting what price alone often hides. Ethereum price today reflects how crowded breakouts can fail, while the Pepe coin price shows how quickly speculative capital rotates when narratives cool. These moves are forcing traders to reassess what actually matters.

Against this backdrop, ZKP is gaining attention because it operates independently of short-term hype. Its presale auction-based access, contribution-driven rewards, and transparent mechanics offer an alternative lens for evaluating the best crypto to buy. 

Whether markets rebound or consolidate, the focus is shifting toward systems designed to function through volatility rather than chase it, and that shift is where ZKP is starting to stand apart.

Explore Zero Knowledge Proof:

Website: https://zkp.com/

Buy: buy.zkp.com

X: https://x.com/ZKPofficial

Telegram: https://t.me/ZKPofficial

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: General News, News Tagged With: ZKP

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