An analyst from More Crypto Online warns that Ethereum's recent rebound is likely corrective, not a strong recovery, with the $1,820 level being crucial. Despite holding above a key trend line, the broader trend remains bearish, with resistance near $2,045 testing bullish strength. If ETH falls below $1,820, it could trigger a deeper sell-off targeting $1,500 and $1,400, with $1,000 as major support. The analyst compares the current pattern to previous bear-market rallies that ended in sharp declines, suggesting lower prices are more probable unless a strong upward impulse emerges.
Ethereum is trading around $1,865 with a market cap of $225 billion, stuck in a narrow range between $1,850 and $1,950 since June. A large whale has withdrawn 112,000 ETH from exchanges over three weeks, staking all of it, signaling long-term holding...
The XRP Ledger (XRPL) has integrated with Axelar Network, enabling seamless cross-chain asset transfers and instant settlement on XRPL. This allows assets like XRP, wrapped Bitcoin, Ethereum tokens, and stablecoins to move freely between multiple blo...
Zcash (ZEC), a privacy-focused cryptocurrency, is leading the recent crypto market rally with a nearly 6% gain in the past 24 hours. This performance outpaces major cryptocurrencies like Bitcoin (BTC) and Ether (ETH), which have only risen 0.6% and 0...
Japan has reclassified XRP, Bitcoin, Ether, and about 100 other cryptocurrencies as financial products rather than payment instruments. This shift could lower tax rates on crypto gains from as high as 55% to a flat 20%, aligning crypto profits with s...
On August 4, spot ETFs for Bitcoin, Ethereum, and Solana recorded significant net inflows of $211.49 million, $53.75 million, and $1 million respectively, indicating growing investor demand. These inflows suggest positive market sentiment and could c...
