Jiang Zhuoer, founder of BTC.TOP, has opened a medium-term short position on Ethereum at $2,242, linking his bearish outlook to the US-Iran conflict. He describes the situation as America's 'Suez Canal moment,' predicting Iran will control the Strait of Hormuz and reshape global oil flows, which will increase energy price volatility and pressure risk assets like Ethereum. Jiang views recent price rebounds driven by war headlines as opportunities to add to shorts, signaling that the crypto bear market is not over. His stance ties Ethereum's price movement less to its fundamentals and more to geopolitical and energy market risks.
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Ethereum's new 'Strawmap' draft roadmap outlines seven major upgrades by 2029 aiming to reduce transaction finality from 16 minutes to as little as 6 seconds and increase Layer 1 throughput to 10,000 transactions per second. The plan includes advance...
Ethereum rose following a U.S. inflation report showing slower CPI growth, which weakened the dollar and boosted risk assets. Binance saw over $1.2 billion in Ethereum buy volume, pushing prices near $1,895. However, the rally lost steam as Bitcoin a...
SPX6900 surged over 12% in 24 hours driven by a 62% volume increase and strong buying from Solana whales, who raised holdings by 65%. Ethereum network activity also picked up, with transfers nearly quadrupling and transactions doubling, supporting th...
Bitcoin crossed the $65,000 mark with improving market sentiment, reflected by a Crypto Fear & Greed Index of 35. Despite recent volatility and liquidation of over 79,000 traders, Bitcoin and Ethereum saw significant inflows into spot ETFs, signaling...
