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Ethereum's Selling Pressure 📉

Plus, Cal-Maine's probe disclosure.

April 09, 2025

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Today is Wednesday, April 9, 2025.

The Early Bird Index today is 53.47

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Ethereum's Selling Pressure 📉

Tuesday was bad for most cryptocurrency prices, but it was exceedingly awful for Ethereum $ETH.X ( â–² 3.93% ) as it fell about 10% and reached its lowest price since 2023.

Powering the Story: Reports indicate that a crypto whale (someone who owns a lot of crypto) recently dumped millions of dollars worth of Ethereum, which has created selling pressure.

Details: Ethereum is facing competition from other blockchain solutions that have lower fees. Activity on the Ethereum network is also declining.

Bigger Picture: These challenges come as the broader crypto market is dealing with lower sentiment.

Early Bird’s Nest Egg Gains: Ethereum appears to be more vulnerable to selling pressure right now compared to other cryptocurrencies.

  • If its price falls below $1,200, it could trigger liquidations totaling $342 million.

  • Ethereum's technical indicators remain bearish, including trading below key moving averages.

Final Thoughts: Ethereum has lost nearly 30% of its value in the last 30 days. Crypto is a bad place right now for investors.

This tech company grew 32,481%...

No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.

Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.

They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.30/share — before their share price change on May 1st.

*An intent to IPO is no guarantee that an actual IPO will occur. Please read the offering circular and related risks at invest.modemobile.com.
*The Deloitte rankings are based on submitted applications and public company database research.

Notables

Notable Earnings Today: Delta Air Lines (NYSE: DAL), Constellation Brands (NYSE: STZ), Simply Good Foods (Nasdaq: SMPL), Neogen (Nasdaq: NEOG), PriceSmart (Nasdaq: PSMT), BBB Foods (NYSE: TBBB), Lakeland Industries (Nasdaq: LAKE), Richardson Electronics (Nasdaq: RELL), Theratechnologies (Nasdaq: THTX).

Notable IPOs Today: Titan Acquisition Corp. Units (Nasdaq: TACHU).

Notable Equity Crowdfunding Campaigns Ending Today: NasaClip (Wefunder), Eleison Pharmaceuticals (StartEngine), lookyLOO (Wefunder).

Notable Economic Events Today: Crude Oil Inventories (10:30 a.m. ET), FOMC Meeting Minutes (2:00 p.m. ET).

Cal-Maine's Probe Disclosure

Fresh egg producer Cal-Maine Foods $CALM ( â–² 0.05% ) fell 4.46% in after-hours trading on Tuesday after reporting disappointing financial earnings results.

Financials: Cal-Maine reported earnings of $10.38 per share and revenue of $1.4 billion in the past quarter; both were lower than expected.

Powering the Story: To make matters worse, Cal-Maine disclosed on Tuesday that it is being investigated by the government into the causes behind nationwide egg price increases. Ouch!

Also: Cal-Maine announced on Tuesday that it acquired Echo Lake Foods for $258 million.

Final Thoughts: Cal-Maine was already down 14% this year.

Peabody Energy Gets Executive Order Boost 

Coal mining company Peabody Energy $BTU ( â–² 0.41% ) jumped 15.45% in after-hours trading on Tuesday after President Trump signed a series of executive orders to boost the coal industry.

Final Thoughts: The stock was previously down 46% in 2025.

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.