Ethereum price started a fresh increase above the $2,520 zone. ETH is now back above $2,550 and might soon aim for more gains. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,565 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,520 zone, like Bitcoin . ETH price gained pace for a move above the $2,550 resistance zone and entered a positive zone. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. Besides, there was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,565 and the 100-hourly Simple Moving Average . On the upside, the price could face resistance near the $2,600 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. The next key resistance is near the $2,620 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone. A clear move below the $2,520 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,600
Babylon, a prominent Bitcoin staking protocol, unveiled its strategic roadmap for 2025 on July 7, outlining a phased rollout of its innovative multi-staking infrastructure. The protocol aims to debut its
Holiday silence casts doubt on whether 24/7 trading can escape legacy market habits.
XRP is on the verge of breaking through the critical $2.33 resistance, signaling potential momentum toward the $2.60 Fibonacci target amid rising trading volumes. The surge in daily volume by
On July 7, reporter Eleanor Terrett confirmed that the House Appropriations Committee’s Oversight Subcommittee hearing on establishing the United States as a global cryptocurrency hub has been postponed due to
Elon Musk's 'America Party', a pro-tech centrist party the Tesla and SpaceX founder plans to form after his split from President Donald Trump, would embrace bitcoin (BTC) Musk said on X. Musk has been a long supporter of cryptocurrencies, with SpaceX and Tesla both holding BTC in their corporate treasuries. The America Party formed out of a rift between Musk and President Trump over the 'Big Beautiful Bill' which Musk has criticized as being fiscally irresponsible, calling it the "debt slavery bill" . Musk envisions the party, which has not yet been officially registered , as one which takes a pro-tech, pro-free speech and anti-regulation agenda, with centrist policies everywhere else. The America Party doesn't yet have an official website, so all that's known about its political ideology comes from Musk's posts and re-tweets from supporters. Musk has said on X that the party, when formed, won't immediately run a Presidential candidate but rather focus on House and Senate races. Trump, for his part, said in a Truth Social post Sunday evening U.S. time that Musk had gone "off the rails" and has become a "TRAIN WRECK."
BRICS is accelerating plans to ditch the dollar in favor of national currencies, as Brazil’s Ambassador to India clarifies direction on a unified currency and signals sweeping financial shifts. Senior Brazilian Diplomat Addresses BRICS Currency Outlook Ahead of 2025 Summit Growing momentum among emerging economies to reduce reliance on the U.S. dollar has led to
Bitcoin price started a fresh increase above the $108,500 zone. BTC is now consolidating and might aim for more gains above the $110,000 resistance. Bitcoin started a fresh increase above the $108,500 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $109,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $108,350 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh increase after it settled above the $107,500 resistance. BTC cleared many hurdles near $108,000 to start a decent increase. The bulls pushed the price in a positive zone above the $108,500 level. The price gained pace for a move above the 50% Fib retracement level of the downward move from the $110,515 swing high to the $107,299 low. Besides, there was a break above a key bearish trend line with resistance at $109,350 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $108,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $109,750 level. It is close to the 76.4% Fib retracement level of the downward move from the $110,515 swing high to the $107,299 low. The first key resistance is near the $110,000 level. A close above the $110,000 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $113,200 level. The main target could be $115,000. Downside Correction In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start another decline. Immediate support is near the $108,800 level. The first major support is near the $108,350 level. The next support is now near the $107,250 zone. Any more losses might send the price toward the $106,400 support in the near term. The main support sits at $105,000, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $108,800, followed by $108,350. Major Resistance Levels – $110,000 and $110,500.
TRUMP: ANY COUNTRY ALINGED WITH BRICS POLICIES WILL BE CHARGED AN ADDITIONAL 10% TARIFF WITH NO EXCEPTIONS: TRUTH
The scheduled hearing on the crypto tax framework by the U.S. House of Representatives has been postponed following the recent congressional adjournment. This delay introduces uncertainty regarding the timeline for