According to recent data from Defillama, significant liquidation events are anticipated for Ethereum as the price fluctuates around key levels. When ETH hits approximately $1,908, $1,844, and $1,780, three substantial
Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term. Ethereum started a fresh decline below the $2,350 support zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,160 and $2,250 resistance levels to start a recovery wave. Ethereum Price Dives 15% Ethereum price failed to clear the $2,550 resistance zone and started a fresh decline, like Bitcoin . ETH gained bearish momentum below the $2,400 and $2,350 support levels. There was a clear move below the $2,250 support zone and the 100-hourly Simple Moving Average. The price even dived below the last low and tested the $2,000 zone. A low was formed at $2,003 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $2,550 swing high to the $2,003 low. Ethereum price is now trading below $2,250 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $2,080 level. The first major resistance is near the $2,150 level. There is also a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD. The main resistance is now forming near $2,275 and the 50% Fib retracement level of the recent decline from the $2,550 swing high to the $2,003 low. A clear move above the $2,275 resistance might send the price toward the $2,350 resistance. An upside break above the $2,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,450 resistance zone or even $2,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,160 resistance, it could start another decline. Initial support on the downside is near the $2,020 level. The first major support sits near the $2,000 zone. A clear move below the $2,000 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,750 support level in the near term. The next key support sits at $1,640. 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 – $2,000 Major Resistance Level – $2,160
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The post SEC Reveals Key Members Of The Crypto Task Force: Know Here appeared first on Coinpedia Fintech News In a press release on Monday, the Securities and Exchange Commission announced the members of the Crypto Task Force staff, which is advising the Commission on matters related to crypto. Experienced Officials, Digital Asset Experts The Task Force is made up of experienced agency officials and digital asset experts. Led by Commissioner Hester Peirce, a vocal advocate for clearer crypto rules, the team brings together top talent in law, policy, and blockchain regulation. The task force is composed of staff from the Acting Chairman MarkUyeda’s office and other divisions and offices across the Commission. NEW: @SECGov Commissioner @HesterPeirce has announced the full #Crypto Task Force — staffers who are advising the Commission on matters relating to digital assets. According to the memo posted to the SEC website, the task force is composed of staff from Acting Chairman… pic.twitter.com/ieKfmoyKRx — Eleanor Terrett (@EleanorTerrett) March 3, 2025 Comprised of 15 members, the team includes a Chief of Staff, Chief Counsel, Chief Policy Advisor, and Chief of Operations, along with 10 senior advisors from various SEC divisions. Richard Gabbert, a longtime SEC staff member and Peirce’s former counsel, has been appointed chief of staff. Mike Selig is the new chief counsel of the Crypto Task Force. He was previously a partner at the New York office of the law firm Willkie Farr & Gallagher, where he worked in their crypto practice. Before that, he interned at the Commodity Futures Trading Commission (CFTC). Former CFTC Chairman Chris Giancarlo, known as “CryptoDad,” congratulated Selig on the new role. Giancarlo is also senior counsel at Willkie Farr, leading the firm’s Digital Works practice. SEC Veterans In The Team Other members include crypto industry veterans like Landon Zinda, former policy director at the crypto think tank Coin Center, and Veronica Reynolds, a former attorney at Baker Hostetler LLP with a focus on NFTs and metaverse-related legal issues. Both will serve as senior advisors to the task force, alongside career SEC staff. Taylor Asher, who previously advised former Commissioner Mark Uyeda on policy, will serve as chief policy advisor. Bernard Nolan, formerly with the SEC’s Division of Investment Management, brings expertise in blockchain securities laws. Commissioner Hester Peirce emphasized the Crypto Task Force’s expertise and commitment to finding ‘workable solutions’ to difficult crypto regulatory problems. First Roundtable Ahead The task force is formed as pressure increases on the SEC to clarify its position on crypto regulation. Interestingly, on March 21, the task force will hold its first roundtable discussion, titled “How We Got Here and How We Get Out – Defining Security Status,” as part of an ongoing series on crypto regulation.
On March 4th, COINOTAG reported significant activity in the **Ethereum** market as a prominent trader, often referred to as a **whale**, initiated a **short position** using **50x leverage** on the