Ethereum price started a downside correction below the $4,550 zone. ETH is showing some bearish signs and might decline toward the $4,120 support zone. Ethereum started a fresh decline below the $4,550 and $4,420 levels. The price is trading below $4,450 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $4,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $4,200 zone in the near term. Ethereum Price Dips Again Ethereum price failed to recover and started a fresh decline below the $4,650 zone, like Bitcoin. ETH price gained bearish momentum and traded below the $4,450 support zone. The bears were able to push the price below the $4,350 support zone. Finally, the price tested the $4,220 zone. A low was formed at $4,228 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the recent decline from the $4,581 swing high to the $4,228 low. Ethereum price is now trading below $4,450 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,375 level. The next key resistance is near the $4,400 level. It is close to the 50% Fib retracement level of the recent decline from the $4,581 swing high to the $4,228 low. The first major resistance is near the $4,450 level. There is also a bearish trend line forming with resistance at $4,450 on the hourly chart of ETH/USD. A clear move above the $4,450 resistance might send the price toward the $4,550 resistance. An upside break above the $4,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,650 resistance zone or even $4,720 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,400 resistance, it could continue to move down. Initial support on the downside is near the $4,220 level. The first major support sits near the $4,200 zone. A clear move below the $4,200 support might push the price toward the $4,150 support. Any more losses might send the price toward the $4,050 support level in the near term. The next key support sits at $4,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,200 Major Resistance Level – $4,400
Illinois enacts first-in-Midwest crypto consumer protections, requiring exchange oversight and capping ATM fees at 18%.
Analyst Cryptoinsightuk argues that Dogecoin is primed for one of its characteristic “violent” upside phases, contending that a 500% rally from current levels is a realistic scenario in the next leg of the market cycle. In a new YouTube analysis focused on altcoin rotation, he frames DOGE as a top-10 laggard that has yet to print a new all-time high this cycle—precisely the kind of setup that has historically preceded its biggest moves. Dogecoin Could Still Rip 500% This Cycle The analyst’s core thesis is structural rather than narrative-driven: Dogecoin advances in compressed bursts, with most of the cycle’s gains arriving in just a handful of outsized monthly candles. “If you look at it on the monthly… the majority of Doge’s move happens in like two different monthly pops,” he says, citing prior surges of “six, seven hundred percent,” followed by another consolidation and a second leg of roughly “five hundred percent.” By contrast, the largest single monthly gain so far this cycle sits near “about 150%,” a magnitude he views as small relative to DOGE’s historical blow-off dynamics. From a momentum perspective, he highlights a looming inflection on high-timeframe oscillators: “The monthly RSI is potentially about to cross bullish also,” adding that DOGE has “either wicked or got close to the oversold area” twice on the monthly. In his read, those conditions have coincided with DOGE’s most explosive phases: “The oversold area is when all the violent price action happens on the monthly or the weekly… for cryptos generally.” Related Reading: After Monero Hit, Qubic Group Puts Dogecoin On Target List Price mapping and targets are explicit. Assuming a repeat of DOGE’s typical impulse size, the analyst sketches a 500% scenario that would “take us up to like $1.40,” with a staged take-profit ladder beginning “at like $1.18.” He stresses this is a path consistent with DOGE’s historical cadence rather than a call on exact timing: the coin tends to grind, then erupt, compressing multiple hundreds of percentage points into one or two monthly candles. The setup he prefers is rooted in range structure and risk-reward. Across majors and large-cap alts, he observes a similar pattern: form a base, run to a range high, retrace to the base, and compress. “At the bottom of the range is where the best risk-reward is,” he notes, emphasizing that asymmetric entries come when price returns to prior support and sentiment is fragile. He applies the same logic to DOGE, arguing the current structure resembles past pre-acceleration phases rather than distribution. Related Reading: Dogecoin Bullish Signal: Whales Buy 2 Billion DOGE Rotation is the second pillar of the call. The analyst expects capital to continue sliding down the risk curve from Bitcoin into large-cap altcoins and then into high-beta names like DOGE. He points out that even a modest replication of recent capital flows into a single top-10 asset can reprice peers dramatically, and he uses market-cap arithmetic to illustrate the point. With Dogecoin around the mid-$30 billion range by his count, a few hundred billion dollars rotating across the complex—as seen elsewhere this cycle—would imply multi-fold upside for laggards. “That’s where market cap has a bit of an issue in crypto,” he cautions, but the example underlines how quickly prices can gap when liquidity chases momentum. The crux of the trade, he argues, is to stay aligned with the prevailing trend and use pullbacks to build long exposure: “Pullbacks are for buying in trending bull markets and that is what we’re in.” In his framework, the invalidation sits below established range lows, while the upside tails are long if DOGE repeats its signature monthly expansions. As for timing, he refrains from precision. Instead, he reiterates the behavioral pattern: DOGE’s cycle gains typically arrive in a short, violent window after prolonged compression. With a potential monthly RSI turn, a still-muted largest monthly candle compared to prior cycles, and a wider backdrop of alt rotation, he concludes that the conditions for Dogecoin’s next act are falling into place. “It’s probably crazy season,” he concluded, adding that investors who wait for unambiguous confirmation often find “when it’s happened, it’s too late.” At press time, DOGE traded at $0.2217. Featured image created with DALL.E, chart from TradingView.com
Figure's revenue surged 22.4% year-over-year to $190.6 million in the first half of 2025, with a net income of $29 million during the period.
Bitcoin price is correcting gains and trading below $118,000. BTC is still showing some bearish signs and might decline toward the $112,000 zone. Bitcoin started a downside correction below the $118,000 zone. The price is trading below $116,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $118,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $118,000 resistance zone. Bitcoin Price Dips Again Bitcoin price started a fresh decline after a close below the $120,000 level. BTC gained bearish momentum and traded below the $118,500 support zone. There was a move below the $116,500 support zone and the 100 hourly Simple moving average. The pair tested the $114,750 zone. A low was formed at $114,715 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $124,420 swing high to the $114,715 low. Bitcoin is now trading below $117,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $117,000 level. The first key resistance is near the $118,000 level. There is also a key bearish trend line forming with resistance at $118,000 on the hourly chart of the BTC/USD pair. The next resistance could be $118,500. A close above the $118,500 resistance might send the price further higher. In the stated case, the price could rise and test the $119,500 resistance level. It is close to the 50% Fib retracement level of the recent decline from the $124,420 swing high to the $114,715 low. Any more gains might send the price toward the $120,000 level. The main target could be $121,500. More Losses In BTC? If Bitcoin fails to rise above the $118,000 resistance zone, it could start a fresh decline. Immediate support is near the $115,000 level. The first major support is near the $114,750 level. The next support is now near the $113,500 zone. Any more losses might send the price toward the $112,000 support in the near term. The main support sits at $110,000, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $115,000, followed by $113,500. Major Resistance Levels – $118,000 and $118,500.
Bitcoin may struggle to return to all-time high levels anytime soon, as most Bitcoin investors are in the green and could look to take profits, says Santiment.
Figure's IPO could accelerate blockchain adoption in finance, influencing fintech innovation and investment trends in public markets.
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The Solana (SOL) ecosystem demonstrated notable growth in the second quarter (Q2) of the year, particularly in terms of Decentralized Finance (DeFi) total value locked (TVL). Solana DeFi TVL Soars 30% According to market analysis firm Messari, the total value locked in DeFi on the Solana ecosystem surged by 30.4% quarter-over-quarter, reaching $8.6 billion. This growth solidified Solana’s position as the second-largest network in DeFi TVL. However, the quarter was not without its challenges. Average daily spot decentralized exchange (DEX) volume experienced a sharp decline of 45.4%, dropping to $2.5 billion, attributed to the waning excitement surrounding memecoins. Related Reading: Bitcoin Bulls Must Survive Brutal September Before Q4 Hope, Analyst Predicts The stablecoin market on Solana also faced headwinds, with its market cap decreasing by 17.4% to $10.3 billion, positioning it third among networks. A significant portion of this growth earlier in the year was fueled by the launch of the official TRUMP token on January 17, which injected substantial liquidity into the ecosystem and created high-liquidity trading pairs utilizing Circle’s USDC stablecoin. Despite the decline, the stablecoin market’s sustained growth indicates that much of the new capital has remained within the Solana network, according to the firm’s findings. By the end of Q2 2025, USDC’s market cap stood at $7.2 billion, reflecting a 25.2% decline and a 69.5% market share. Meanwhile, Tether’s USDT maintained its position as the second-largest stablecoin on Solana, holding a steady $2.3 billion. Network Activity In terms of staking, Solana’s liquid staking rate rose to 12.2%, an increase of 16.8% from the previous quarter. With 64.8% of SOL’s circulating supply now staked, this growth in liquid staking enhances the DeFi ecosystem, supporting yield-bearing opportunities for SOL holders. Solana’s circulating market cap also grew by 29.8% to $82.8 billion, placing it sixth among all cryptocurrencies, behind Bitcoin (BTC), Ethereum (ETH), Tether, XRP, and Binance Coin (BNB). The non-fungible token (NFT) market, however, faced a downturn, with average daily trading volume plummeting by 46.4% to approximately $979,500 in Q2. Despite this decline, Solana’s NFTs continue to lead in creator royalties. Related Reading: Ethereum Hits $4,350 Liquidity Pool: Can Demand Hold? Network activity remained relatively stable, with average daily fee payers decreasing slightly by 1.4% to 3.9 million, while non-vote transactions rose by 4% to 99.1 million. The average transaction fee saw a significant drop of 59.6%, settling at just $0.01. On a broader scale, total staked value hit an all-time high of $102 billion on January 18, coinciding with SOL’s peak price of approximately $295. By the end of Q2, the total staked SOL had increased by 25.2% to $60 billion. Messari’s analysis hints that while the Solana ecosystem is navigating through a phase of “adjustment,” its foundational metrics and continued development might signal a promising outlook for the future. As of this writing, SOL’s price stands at $184.50, recording a 4.4% drop in the past 24 hours. When compared to its $293 record reached earlier this year, SOL’s price trades nearly 40% below. Featured image from DALL-E, chart from TradingView.com
Anthropic rolled out a feature letting its AI assistant terminate chats with abusive users, citing "AI welfare" concerns and sparking debates about digital consciousness.
Bitcoin’s momentum has slowed after reaching a new all-time high above $124,000 last week. The cryptocurrency has since moved lower, with its price slipping by nearly 10% from that peak. At the time of writing, BTC is trading around $115,424, reflecting a 2.5% decline in the past 24 hours. The retracement has drawn attention to on-chain activity and investor behavior, particularly among long-term holders (LTHs). A CryptoQuant analyst has been monitoring realized profit and loss metrics to gauge whether the current cycle is approaching its peak or if more upside potential remains. Data released by the analyst sheds light on how seasoned holders are reacting to Bitcoin’s latest rally. Related Reading: Bitcoin Bulls Must Survive Brutal September Before Q4 Hope, Analyst Predicts Long-Term Holder Trends Across Market Cycles CryptoQuant contributor PelinayPA shared an assessment of Bitcoin’s long-term holder realized profit and loss (RPL) metric, which tracks when investors who have held coins for extended periods decide to sell. According to the analyst, this indicator has historically been reliable in signaling both cycle tops and bottoms. The analysis highlights key phases across multiple market cycles. During the 2017 bull market, a surge in LTH realized profits coincided with Bitcoin’s peak. By contrast, in the 2018–2019 bear market, profit realization slowed dramatically, while losses surfaced, reflecting the market bottom. A similar pattern was observed in 2021, though the profit realization was more gradual, suggesting that selling pressure was spread across the market rather than concentrated in short bursts. When Bitcoin entered the 2022–2023 downturn, realized losses increased significantly as the asset fell into the $15,000–$20,000 range. That period was characterized by panic selling among longer-term holders. In the current market, however, PelinayPA notes that while profit-taking is visible, it remains moderate compared with past peaks. This indicates that, although selling is occurring, it has not yet reached the levels typically associated with a cycle top. What the Current Data Suggests for Bitcoin The current phase of moderate profit realization suggests caution but does not confirm that Bitcoin has fully topped out. PelinayPA explained that: Historically, sharp increases in LTH profit realization (large green spikes) align with bull market tops. Current selling (mid-2025) is measured and gradual, which implies BTC may still be in the late stages of a bull cycle. If LTH selling accelerates, it could mark the next peak. This measured approach by long-term holders could mean that the market retains some room for additional upward movement, provided selling pressure does not intensify. At the same time, the data highlights that a shift toward heavier profit-taking would be an important warning signal for traders and institutions watching the market closely. Related Reading: Bitcoin 30-Day CDD Down: Market Absorbs LTH Selling Without Breaking Support On-chain analytics firms frequently point to these long-term holder behaviors as leading indicators. While Bitcoin’s price action continues to consolidate below its record high, how these investors act in the coming weeks could set the tone for the next stage of the cycle. For now, the data suggests that the rally has not yet reached conditions historically associated with a definitive top, but market participants are advised to watch profit realization closely. Featured image created with DALL-E, Chart from TradingView
Prediction markets are flashing red even as institutions keep doubling down on BTC and ETH.
Bitcoin’s sharp sell-off caught many traders off-guard, intensifying the rate of long liquidations, but data shows bulls stepping in to buy the dip.
Bitcoin mining-turned Ethereum firm BTCS Inc said it will be the first public company to issue an Ether dividend.
As XRP slides down over 5%, an analyst has highlighted the next possible targets for the asset, based on this technical analysis (TA) pattern. XRP May Visit These Levels Of A Parallel Channel Next In an X post on Sunday, analyst Ali Martinez pointed out how XRP was at risk of observing a further drop if it couldn’t reclaim the $3.3 level. Below was the chart shared by the analyst. In the graph, Martinez highlighted a Parallel Channel that XRP has followed since late last year. A Parallel Channel is a TA pattern that forms whenever the price of an asset consolidates between two parallel trendlines. The upper line of the channel is likely to be a point of resistance, while the lower one that of support. A breakout of either of these bounds can trigger a continuation of the trend in that direction. Related Reading: Institutions Buying The Bitcoin Dip? Coinbase Premium Shoots Up From the chart, it’s visible that the asset slipped below the lower line of the Parallel Channel back in April, but this breakdown lasted only briefly, with the coin swiftly recovering back into the channel. Similarly, the cryptocurrency saw a breakout above the pattern last month, but once again the signal couldn’t sustain as its price returned below the upper line. Since then, XRP has made a couple of retests of this line situated at $3.3, but each attempt has been rejected. On Sunday, the analyst warned that the coin could face a further drawdown if it failed to recover to this level. Today, Martinez quoted the chart, noting that the asset has just lost another support level: $3. This line is located a quarter of the way down the Parallel Channel. Now, what could be next for XRP? According to the analyst, the coin may be heading to $2.6, corresponding to the midway line of the channel, or even $2, which represents its lower bound. These are just the support levels available to the cryptocurrency from a TA perspective. Another major support level could perhaps be hinted at by on-chain data, as Martinez shared in another X post. In the chart, the data for the recent Cost Basis Distribution of XRP is shown. According to this indicator, investors last accumulated around 1.7 million tokens of the cryptocurrency at the $2.81 level. Since the spot price is trading above this mark right now, these holders would be sitting on some gain. Generally, if the market mood is bullish, investors in profit react to retests of their cost basis by buying more. This is because they may look at the drawdown as just a ‘dip.’ Related Reading: Dogecoin Bullish Signal: Whales Buy 2 Billion DOGE The more concentrated a level is with supply, the stronger this reaction is. As such, the $2.81 level with its dense supply could play the role of a major support level for XRP in the event of a retrace to it. XRP Price At the time of writing, XRP is trading around $2.99, down over 6% in the last week. Featured image from Dall-E, Glassnode.com, charts from TradingView.com
Chamath Palihapitiya's latest special purpose acquisition company, American Exceptionalism, could take a DeFi company public.
The vast majority of game developers are using AI agents to cut costs, speed up production, and interact with players in real time, a Google study shows.
Bitcoin has been moving sideways, and traders are starting to lose patience. The world’s largest cryptocurrency couldn’t hold recent highs, sparking talk about whether the market is bracing for a sharper swing. Some analysts say the pause is normal, others warn it could be the calm before the storm. Related Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed Results Traders Watch Price Levels Closely Popular market watcher Daan Crypto Trades pointed out that Bitcoin’s struggle to pick a direction isn’t unusual. He noted the coin has been locked between support and resistance zones, with neither bulls nor bears taking control. It’s the kind of setup that often leads to big moves once one side gives in. $BTC August has been pretty uneventful for Bitcoin so far. We’ve seen some movement but no clear direction as price consolidates in this current range. Never in history, has BTC seen both a green August and September. We tend to see a quick flush followed by an explosive Q4 in… pic.twitter.com/cClxJUG6Vh — Daan Crypto Trades (@DaanCrypto) August 17, 2025 Meanwhile, technical evidence sends mixed signals. By September 16, 2025, Bitcoin will reportedly hit at least $130,266, which is a 13.07% increase compared to the previous prediction. The Fear & Greed Index is currently at 60, indicating that greed is on the menu, while sentiment indicators are neutral. In the last 30 days, Bitcoin had 14 green sessions out of 30, and the average performance remained on the positive at 1.63%. That isn’t extreme, but it does indicate that traders are being cautious. Analysts Split On What’s Next There are a few investors who believe the current lull is nothing but a breather before another rally. They say that buying interest remains high, particularly with long-term demand coming from institutions. Skeptics, however, believe the latest rejection at higher levels is a sign of weakness and that another pullback opportunity has opened up. Jitters in the marketplace always invite disorientation, and this moment is no exception. A 13% gain sounds exciting, but sentiment may change in a heartbeat if the Bitcoin price loses the entire support level. Traders are keen to see if momentum will pick up or if the sideways chop will continue. Related Reading: XRP’s Toughest Bull Run Could Lead To Big Gains, Analyst Claims Is It A Good Time To Buy? Based on technical indicators, reports suggest it may still be a decent entry point. But timing is tricky. With price forecasts pointing toward $130K and resistance overhead, the next few weeks could decide the short-term trend. Some see this as a chance to accumulate, while others would rather wait for a clearer breakout. For now, Bitcoin sits in limbo. Traders are scanning the charts, looking for clues on whether the path to $135K is still alive — or if the market is setting up for another surprise. Featured image from Adobe Stock, chart from TradingView
The Securities and Exchange Commission (SEC) delayed decisions on nine crypto exchange-traded fund (ETF) applications on Aug. 18. The delays extended review periods for products related to digital assets, spanning Bitcoin, XRP, Litecoin, and Dogecoin. The reason is likely the agency’s work to establish a comprehensive digital asset framework. The postponements affect Truth’s spot Bitcoin […]
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Chamath Palihapitiyas $250M SPAC, American Exceptionalism, will target DeFi, AI, defense, and energy production, per SEC filing.
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The firm is among a growing list of companies that are looking to build their BTC holdings.
TD Cowen holds its MSTR price target at $680, on the prediction that Strategy will accumulate 4.3% of Bitcoin’s total supply by 2027's end.
Bitcoin (BTC) slipped below $116,000 in Monday’s trading, marking a sharp reversal from last week’s record high above $124,000. The decline follows renewed inflation concerns in the U.S. and uncertainty around Federal Reserve policy, which has dampened risk appetite across global markets. Related Reading: XRP Could Bleed Lower Before Any Major Rally, Analyst Warns At the time of writing, BTC hovers near $115,300, maintaining a fragile grip on support around $115,000. Analysts warn that a breakdown could push prices toward $112,500, but holding this level may pave the way for a recovery toward $120,000 and beyond. Short-term holder data suggests that selling pressure remains limited. The Net Unrealized Profit/Loss ratio sits at just 0.07, well below the 0.25 saturation threshold that historically signals profit-taking and potential corrections. BTC's price records notable losses on the daily chart. Source: BTCUSD on Tradingview Metaplanet Expands Bitcoin Treasury While markets remain cautious, Tokyo-based Metaplanet Inc. has doubled down on its Bitcoin strategy. The firm announced the purchase of 775 BTC at an average price of ¥17,720,023 per coin (about $122,000), bringing its total holdings to 18,888 BTC. Metaplanet’s aggressive accumulation shows growing institutional conviction in Bitcoin as a treasury asset. Despite short-term volatility, the company has posted impressive Bitcoin yield metrics, including a 129.4% gain from April to June 2025 and 29.3% gains from July through mid-August. Such moves reflect how corporate players continue to use dips as entry points, reinforcing the narrative of Bitcoin as a long-term hedge against inflation and currency depreciation. Buying Opportunity or Warning Sign? Market watchers remain split on whether this correction is a setup for the next leg higher or a warning of deeper downside. If Bitcoin can reclaim $117,261 as support, momentum could accelerate toward $127,000, the first major resistance flagged by on-chain cost basis models. Beyond that, the +2σ band around $144,000 represents the zone where euphoria typically peaks before corrections emerge. Related Reading: Dogecoin (DOGE) Battles Gravity, Can It Escape a Potential Freefall? For now, Bitcoin’s fate rests on holding $115,000 support. With institutional buying, ETF inflows, and corporate treasury adoption showing resilience, many see the current pullback less as a peak and more as an opportunity for strategic accumulation. Cover image from ChatGPT, BTCUSD chart from Tradingview
Gemini has filed for a Nasdaq IPO under the ticker GEMI, revealing a $282.5 million net loss for the first half of 2025. The exchange also disclosed a $75 million credit agreement with Ripple in the Aug. 15 filing submitted to the US Securities and Exchange Commission (SEC), The exchange, founded by Cameron and Tyler […]
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Circle’s upcoming Arc blockchain will debut with direct institutional access through Fireblocks, positioning the stablecoin issuer for a stronger foothold as competition in the sector accelerates. New York–based Fireblocks, which provides custody and tokenization infrastructure to more than 2,400 banks, asset managers, and fintech firms, confirmed it will support Arc from launch. The early integration […]
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The SEC has pushed back decisions on Truth Social’s Bitcoin-Ethereum ETF, Solana products from 21Shares and Bitwise and 21Shares’ Core XRP Trust — all now set for October deadlines.
VanEck Associates Corporation has reiterated its bold Bitcoin (BTC) target for the end of this year. According to an analysis post by Mathew Sigel, VanEck’s head of digital asset research, and Nathan Frankovitz, the company’s investment analyst, the BTC price will hit $180k before the end of 2025. VanEck’s analyst highlighted that the BTC price …
Ethereum is navigating a crucial battleground between $3,900 support and $4,800 resistance, testing the market’s resolve. With recent pullbacks and strong support in place, speculations are whether ETH can sustain momentum and target the next milestone at $5,000. ETH Hits $4,793 Local Top: Bullish Continuation Confirmed The Crypto Professor, in a recent analysis posted on X, highlighted Ethereum’s impressive rally to a local top of $4,793. This surge came after ETH successfully broke the critical $4,100 resistance level, confirming a bullish continuation structure and signaling strong momentum from buyers despite the volatile market environment. Related Reading: Historic Test Ahead: Ethereum Nears Its All-Time High Amid Retail Sell-Offs Following this breakout, Ethereum entered what the analyst described as a healthy retracement phase, as traders took profits near resistance. Such pullbacks, while often unsettling to less experienced traders, are considered a natural part of sustaining an uptrend. The analyst stressed that as long as ETH maintains its position above the $4,100 support zone, the broader bullish structure remains intact. Consolidation between $4,100 and $4,700 would be especially constructive, creating a strong base of support before any attempt at a fresh breakout. Looking ahead, the key level to watch is the recent $4,793 high. A clean break above this point could act as a catalyst for momentum, propelling Ethereum toward the $5,000 psychological barrier, with $5,200 also within reach. Ethereum Faces Key Resistance At $4,800 Previous ATH GrayWolf6, in a post on X, shared his thoughts on Ethereum’s weekly chart, noting that it is currently facing resistance at its previous all-time high of $4,800. He highlighted $3,900 as another critical level, explaining that ETH had failed to break this zone three times before dropping as low as $1,400. On the fourth attempt, however, ETH finally managed to break through, confirming the importance of this level in the broader market structure. Related Reading: Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum Currently, ETH is holding above $3,900, which now serves as a key support level. GrayWolf6 pointed out that after Ethereum’s rejection at $4,800, a pullback occurred, and a possible retracement back toward $3,900 remains a possibility. Despite the rejection, GrayWolf6 maintained that his expectation for a new all-time high is unchanged. He stressed that fluctuations of this nature are a normal part of price action, especially when an asset is testing major resistance levels. For now, the range between $3,900 and $4,800 remains the critical area to watch. A breakout above $4,800, according to GrayWolf6, would open the door for ETH to move beyond its previous highs and potentially enter a new phase of price discovery. Featured image from Getty Images, chart from Tradingview.com
Gemini’s lead comes after a series of updates, while OpenAI’s ChatGPT and xAI’s Grok have suffered missteps.
Strategy and Metaplanet expanded their Bitcoin (BTC) holdings on Aug. 18, lifting their combined ownership to nearly 3.1% of the total circulating supply. The acquisitions highlighted the role of corporate treasuries in tightening available Bitcoin liquidity as institutions continue building exposure. Growing the stash Strategy Chairman Michael Saylor announced the firm’s latest purchase of 430 […]
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The one-time, conditional loyalty payment is an attempt to reduce the amount of liquidity available to short sellers.