South Korea’s President-elect Lee Jae-myung is anticipated to engage in a diplomatic phone call with U.S. President Donald Trump as early as June 4th, according to a South Korean diplomatic
Senate is nearing a vote on stablecoin regulation legislation. Key differences exist between the Senate and House stablecoin bills. Continue Reading: US Senate Pushes Stablecoin Legislation Forward: Key Differences Surface The post US Senate Pushes Stablecoin Legislation Forward: Key Differences Surface appeared first on COINTURK NEWS .
BlackRock and Fidelity are rotating out of Bitcoin and betting on Ethereum!
Ethereum continues to demonstrate strength, holding firm above key support levels and outperforming much of the crypto market despite growing macroeconomic uncertainty. Since its April lows, ETH has more than doubled in value, gaining over 100%, and shows no signs of slowing down. While many assets have faced heavy selling pressure amid volatility in global markets, Ethereum remains resilient, showing consistent buying interest and maintaining its upward trajectory. Related Reading: Ethereum Poised For A 5-Figure Breakout – Volatility Is Shaking ‘Weak Hands’ Top analyst Carl Runefelt shared a bullish perspective, noting that Ethereum price stays strong on the daily timeframe. According to Runefelt, if Bitcoin starts moving sideways, Ethereum could seize the opportunity to break out of its current consolidation triangle and lead the next phase of the market rally. His analysis highlights the unique positioning ETH holds at the moment—not only as the second-largest cryptocurrency but also as a potential driver of the next altseason. With ETH holding above $2,600 and approaching key resistance zones, market participants are watching closely. A decisive breakout could ignite widespread momentum across altcoins and mark the beginning of a new phase in the current bull cycle. Ethereum’s performance continues to solidify its role as the foundation of the broader digital asset space. Ethereum At A Pivotal Range: Bulls Eye Breakout Ethereum is currently trading within a tight consolidation range that many investors view as the staging ground for its next major move. After a significant rally that saw ETH gain over 100% since April, the asset is now testing key resistance levels, particularly around $2,650–$2,700. Despite recent macroeconomic tensions, including rising US Treasury yields and persistent geopolitical risks, Ethereum continues to show strength, with bulls holding the line above critical support. Runefelt recently emphasized that Ethereum “refuses to dump on the daily timeframe,” a signal of underlying bullish resilience. His analysis suggests that if Bitcoin begins to move sideways, Ethereum could break out of its consolidation triangle to the upside, potentially sparking the beginning of a long-awaited altseason. From a technical perspective, the consolidation appears constructive. The price has formed higher lows since April and remains above all major moving averages on key timeframes. The $2,300 level is emerging as a strong base, while the bullish target sits at $3,100 if resistance is cleared. Related Reading: Ethereum Supply On Exchanges Hits 7-Year Low – Breakout Loading? Runefelt’s bullish and bearish scenarios—$3,100 on the upside and $2,300 on the downside—underline the importance of the current range. As trading volume compresses and volatility brews, Ethereum looks ready for a decisive move. Should the breakout occur, it could not only lead ETH to new cycle highs but also ignite broader confidence across the altcoin market. ETH Price Analysis – Daily Chart Overview Ethereum (ETH) is currently trading at $2,616, hovering just below the 200-day simple moving average (SMA), which sits around $2,679. This level has acted as a consistent resistance zone over the past few weeks, with ETH failing to close decisively above it. Despite several intraday moves above $2,650, the price has yet to confirm a breakout. Looking at the broader structure, ETH remains in a consolidation range between $2,480 and $2,700 after posting an impressive rally from its April lows near $1,800. The 34-day EMA ($2,406) and the cluster of shorter-term SMAs are trending upwards, indicating that medium-term momentum still favors the bulls. Related Reading: Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading? Volume has been relatively stable but unremarkable, suggesting a lack of strong conviction from either side. A clean daily close above $2,700 could confirm a breakout and potentially open the door for a move toward $3,000. On the downside, if ETH fails to hold the $2,480 support zone, we could see a pullback to retest the 100-day SMA near $2,065. Featured image from Dall-E, chart from TradingView
BitcoinWorld US Dollar: Essential Strategies for Uncertain Times For anyone navigating the world of cryptocurrency, understanding the broader financial landscape is key. At the center of this landscape sits the US Dollar . It is the most dominant currency globally, influencing everything from trade deals to the price of Bitcoin. But with shifting economic tides, rising inflation, and the growing adoption of digital assets, many are asking: what is the best approach to managing holdings in the US Dollar ? Why is the US Dollar So Important? The Reserve Currency Role The US Dollar holds a unique position in the global economy. For decades, it has served as the primary Reserve Currency for central banks and governments worldwide. This status means it is widely held in foreign exchange reserves, used for international transactions, and is the benchmark for many global commodities, like oil. Here’s why its role as a Reserve Currency matters: Global Trade: A vast majority of international trade is invoiced in US Dollars. This makes it essential for businesses operating across borders. Stability Perception: Despite economic cycles, the US economy and its political system are often perceived as relatively stable compared to many other nations, reinforcing confidence in the dollar. Liquidity: The market for buying and selling US Dollars is the largest and most liquid in the world, making it easy to exchange in large volumes without impacting the price significantly. Debt Market: The US Treasury market is considered one of the safest places to store large amounts of capital, further driving demand for the dollar. This established dominance means that even as other economies grow, the US Dollar remains a central pillar of global finance. However, its status is not without challenges. Navigating Challenges: Inflation and the Search for an Inflation Hedge One of the most pressing concerns for holders of any currency, including the US Dollar , is inflation. Inflation erodes purchasing power over time. If the rate of inflation is higher than the interest earned on dollar holdings, the real value of those savings decreases. Recent periods have highlighted this challenge, leading many to seek an effective Inflation Hedge . Traditionally, assets like gold or real estate have been considered hedges against inflation. However, their effectiveness can vary, and they come with their own complexities (storage, maintenance, liquidity). The search for a reliable Inflation Hedge is a major driver behind interest in alternative assets, including cryptocurrencies like Bitcoin, which some proponents argue offer a decentralized store of value immune to traditional monetary policy inflation. Understanding the inflation outlook is critical for anyone deciding what to do with their US Dollar holdings. High inflation environments make holding large cash balances less attractive and increase the appeal of assets perceived to retain value. Forex Trading and Currency Fluctuations: Opportunities and Risks The value of the US Dollar relative to other currencies is constantly changing. This is the realm of Forex Trading (foreign exchange trading). Factors influencing these fluctuations include interest rates set by the Federal Reserve, economic growth data, political stability, and global events. For individuals, currency fluctuations impact the cost of imported goods, the value of foreign investments, and the returns from international travel. For businesses, they affect profitability on international sales and purchases. While active Forex Trading is a complex field typically involving professional traders, simply being aware of currency trends is important. A strengthening dollar makes imports cheaper but exports more expensive. A weakening dollar has the opposite effect. For those holding US Dollars, understanding these dynamics is part of evaluating overall financial health. Should one diversify into other fiat currencies? The answer depends on individual circumstances, risk tolerance, and global financial outlook. Considering Crypto Investment: An Alternative Perspective The rise of cryptocurrency introduces a new dimension to the question of what to do with the US Dollar . For many in the crypto space, digital assets represent not just an investment opportunity but also a potential alternative financial system, less tied to traditional fiat currencies and central banks. Crypto Investment, particularly in assets like Bitcoin, is often viewed through the lens of being a potential Inflation Hedge or a store of value uncorrelated with traditional markets. While highly volatile, cryptocurrency offers features like decentralization and limited supply (for some assets) that are fundamentally different from fiat currency. Comparing holding US Dollars to making a Crypto Investment involves weighing different factors: US Dollar: Pros: Widely accepted, stable (relative to crypto), liquid, easy to use for daily transactions, backed by a major economy. Cons: Subject to inflation, value can decrease due to monetary policy, centralized control. Crypto Investment (e.g., Bitcoin): Pros: Potential hedge against fiat inflation, decentralized (for some assets), global accessibility, potential for high returns. Cons: High volatility, regulatory uncertainty, technical complexity, security risks (wallets, exchanges), not widely accepted for daily payments yet. Deciding whether to allocate a portion of US Dollar holdings into Crypto Investment requires careful consideration of risk tolerance, investment goals, and understanding the technology and market dynamics. Practical Strategies for Your US Dollar Holdings So, what actionable steps can individuals take regarding their US Dollar holdings in this environment? Here are a few strategies: Maintain Essential Liquidity: Keep enough US Dollars readily accessible for immediate needs, emergency funds, and short-term goals. This is where the dollar’s stability and liquidity are most valuable. Evaluate Savings Options: If holding dollars in savings, look for the best interest rates available. While often below inflation, higher rates can help mitigate some loss of purchasing power. Consider Diversification: Don’t put all your eggs in one basket. Diversifying means spreading investments across different asset classes. This could include: Stocks and bonds (both US and international) Real estate Commodities like gold or silver Other fiat currencies (though this involves Forex Trading considerations) Crypto Investment (as a potentially uncorrelated asset class) Explore Crypto Investment Prudently: If considering cryptocurrency, start with research. Understand the specific assets, the technology, and the risks involved. Only invest what you can afford to lose, given the volatility. Consider dollar-cost averaging (investing a fixed amount regularly) to mitigate price volatility risk. Stay Informed: Keep track of economic indicators (inflation rates, interest rates), global events, and developments in both traditional finance and the crypto space. Informed decisions are better decisions. There is no single ‘right’ answer for everyone. The optimal strategy depends on your financial situation, age, risk tolerance, and investment objectives. Conclusion: Balancing Stability and Opportunity The US Dollar remains a foundational element of the global financial system, serving a critical role as the primary Reserve Currency and medium for Forex Trading . However, challenges like inflation necessitate exploring options for wealth preservation and growth. For individuals and investors, the question of what to do with the US Dollar involves balancing the need for stability and liquidity against the desire to protect purchasing power (seeking an Inflation Hedge ) and pursue growth opportunities, potentially through Crypto Investment or other diversified assets. Approaching your US Dollar holdings strategically, understanding the economic forces at play, and considering a range of asset classes, including the emerging world of cryptocurrency, is essential in today’s dynamic financial environment. Making informed choices is the most powerful tool you have. To learn more about the latest Forex market, macro trends, geo-political trends, explore our article on key developments shaping US Dollar liquidity, institutional adoption, etc.. This post US Dollar: Essential Strategies for Uncertain Times first appeared on BitcoinWorld and is written by Editorial Team
Tether partnered with Orionx, a Chile-based crypto company, to advance crypto adoption in Latin America. According to Chain Analysis, Orionx operates in Chile, Peru, Colombia, and Mexico, countries with a huge unbanked population and $415 billion in capital in crypto transactions annually. Tether CEO Paolo Ardoino said that Orionx’s series A round close supported a high-impact company and advancement towards their broader vision of making stablecoin-powered financial tools accessible to underserved communities across the region. Latin America chooses stablecoin as a cover for inflation Stablecoins such as USDC and USDT have gained traction in Latin America, where people have increasingly sought ways to hold and grow their savings. USD yield products offered interest on dollar-denominated assets, but recently, the rule changed, requiring complex regulations to be met before establishing a banking infrastructure. 💲 Tether announces strategic investment in Orionx exchange to advance digital asset adoption across Latin America — Daniel Joseph (@Heisprimedaniel) June 3, 2025 According to the Chain Analysis report, Argentina was ranked 14th among the top 20 countries globally seeking cryptocurrency adoption. The country received an estimated $91 billion in crypto transactions, just ahead of Brazil’s $90.3 billion in 2024. Stablecoins accounted for 61.8% of all crypto activities in Argentina and 59.8% in Brazil, which is above the global average of 44.7% Latin American countries experienced inflation in fiat currencies quickly after a study by Chain Analysis revealed that between July 2023 and June 2024, the region received $415 billion in cryptocurrency transactions. According to the report, the spike in crypto adoption is attributed to the high inflation experienced in the area. Argentina and Brazil have experienced high debt issues, leading to a spike in inflation rates. People in these countries constantly seek ways to protect their funds from inflation. According to Tether, businesses in the region are quickly adapting to crypto-based investments due to a lack of clear regulations and a need for cheaper international money transfer options. Chain analysis revealed that Latin America had the highest number of adults without access to traditional banking. It cited paperwork requirements, distance, and high fees as the common reasons people do not open bank accounts. Joel Vainstein, Orionx’s CEO, said Orionx stablecoin saw the need and aimed to fill the gap. Orionx backs local Fiat ramps, low-cost money transfers, and stablecoin settlements. Its remittance as a service model allows businesses to offer fast, affordable cross-border payments without relying on banks. According to Tether’s CEO, the company has invested in technologies and teams that deliver real-world value by expanding financial inclusion. Joel Vainstein said the partnership with Tether was a turning point. He cited a growing demand from businesses for faster and cheaper payment solutions and added that the partnership would help them scale faster with more flexible tools for the region. Tether demonstrates commitment to innovation in Latin America Tether says it aims to lead the development of open-source multimodal AI models, drive innovation and accessibility, and lead collaborations that integrate AI solutions into market-driven products. Paolo Ardono, CEO of Tether, said that Artificial intelligence stood to revolutionize almost every aspect of human life, both in the real and digital worlds. Ardoino added that the partnership established a new division within Tether that redefines AI boundaries and democratizes privacy. He welcomed the opportunity for passionate individuals and businesses to explore opportunities on Tether’s career page. According to the Chain analysis report, Brazil’s institutional activity declined in early 2023. The report suggested that the activity has since reversed and increased dramatically. For instance, institutional-sized transactions valued over $1 million increased by approximately 29.2% between the last two quarters of 2023 and approximately 48.4% between Q1 and Q4 of 2024. Andre Portilho, Head of Digital Assets at BTG Pactual investment bank, said the key factor driving institutional activity in the region was portfolio diversification, particularly when the market matured. He added that investors increasingly integrated digital assets into their asset allocation strategies, seeing them as an alternative for potential enhanced returns. Portilho said the most notable recovery event of the institution’s activity in Brazil was attributed to the regulatory evolution and entry of American institutions such as the Ethereum and Bitcoin ETFs into the cryptocurrency market. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Donald Trump’s media company is wading further into crypto. On June 3, 2025, NYSE Arca officially filed with the US Securities and Exchange Commission (SEC) an application to list the new spot Bitcoin-related exchange-traded fund (ETF) sponsored by Truth Social, which is the social media platform of the Trump Media & Technology Group (TMTG). The filing was a form of “ Form 19b-4, ” the necessary letter for listing an ETF on a stock exchange in the United States. If approved, the fund will let investors bet on the price of Bitcoin without owning the digital currency. The ETF is a collaboration between Truth Social and Yorkville America Digital, a self-described “America-first” asset manager. The Bitcoin holdings for the ETF will be held in custody by Foris DAX Trust Company, a crypto-affiliated firm. Trump is not named in the filing. However, TMTG, the parent company of Truth Social, is also majority-owned by the president. He has a sizable financial and political footprint in this new crypto initiative. The SEC has not yet assigned a ticker or outlined a fee structure. The regulatory agency also has up to 240 days to decide whether ETFs should be approved. Trump Media takes bold steps in crypto market This ETF filing is not just something in a vacuum. It’s part of a broader foray into the digital asset world by TMTG. Trump Media introduced Truth earlier this year. Truth.Fi is a financial brand that offers investment tools with conservative values. One of its marquee objectives is to “support American energy and independence” with investment options such as ETFs and digital assets. In April 2025, Crypto.com collaborated with TMTG.com. That agreement furnished a structure for operating crypto-related products such as custody service (Foris DAX) and wallet development support. The boldest one came soon after. TMTG revealed a $2.5 billion capital raise for a new Bitcoin treasury. The fund is designed to support the company’s expanding lineup of financial tools and serve as a store of value. Through Truth.Fi, the company also expects to roll out a crypto wallet called “Trump Coin Wallet” and is investigating how to enable users to invest directly in Bitcoin and other digital assets. These moves speak to a strategic and financial commitment on the part of Trump Media to be a significant player in the crypto space — an area of the president’s life where he was previously a skeptic. Washington redefines crypto oversight The SEC’s stance on cryptocurrency seems more welcoming than in years past, given newly appointed Chairman Paul Atkins. Recent developments have seen multiple enforcement actions against crypto firms drop, and there is a promise to continue to engage with blockchain companies. Washington has become more crypto-friendly as digital assets gain traction among younger and conservative voters. For TMTG, the timing might be right. Several spot Bitcoin ETFs have been approved since the beginning of 2024. Those include products from heavy hitters such as BlackRock, Fidelity, and Grayscale. However, the ETF backing Truth Social is noteworthy for its direct political ties and symbolism that a Trump-related platform is becoming part of the financial system in this manner. This ETF could even evolve into a rallying point for conservative-minded investors seeking to invest in such aligned market alternatives if approved. It might also give TMTG a fresh source of revenue as it looks to diversify away from social media and entertainment. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Democratic staffers in the U.S. House Financial Services Committee have publicly criticized the U.S. Securities and Exchange Commission (SEC) for an apparent breach of established protocol regarding a new cryptocurrency
BitcoinWorld Urgent Warning: Crocodilus Malware Targets Crypto Wallets Globally In the ever-evolving landscape of digital threats, a dangerous new predator has emerged: Crocodilus malware . Initially identified as a localized threat, this sophisticated mobile malware has significantly expanded its reach and capabilities, now posing a serious risk to users of crypto wallets and banking apps across the globe. This expansion marks a critical moment for cybersecurity awareness, particularly for anyone managing digital assets or conducting online banking via mobile devices. What is Crocodilus Malware and Why is it Expanding? The Crocodilus malware first appeared on the radar in March, primarily affecting users in Turkey. Its initial focus was on traditional banking credentials. However, like many successful cyber threats, it has adapted. The recent reports highlight a disturbing trend: its global spread and enhanced functionality. The expansion is driven by several factors: Increased Target Surface: More people worldwide use mobile banking and, significantly, mobile crypto wallets. This provides a larger pool of potential victims holding valuable assets. Sophistication: The malware employs techniques like overlay attacks (creating fake login screens) and keylogging to steal sensitive information. Its ability to now target cryptocurrency-specific data like seed phrases and private keys makes it exceptionally valuable to attackers. Adaptability: Cybercriminals are quick to modify malware to exploit new opportunities. The boom in cryptocurrency adoption makes crypto wallet data a prime target for a malware attack . How Does Crocodilus Malware Threaten Crypto Wallets and Banking Apps? The primary danger of Crocodilus malware lies in its ability to intercept sensitive data entered by users. For banking apps , this means login credentials, account numbers, and potentially two-factor authentication codes. For crypto wallets , the threat is even more severe. Here’s how it poses a risk: Seed Phrase Extraction: If you open your crypto wallet app while infected, the malware can potentially log your keystrokes or capture screens as you enter your seed phrase or recovery phrase. This phrase is the master key to your funds. Private Key Theft: Similarly, accessing or interacting with private keys on an infected device could expose them to the malware. Credential Harvesting: It can steal usernames and passwords used to access exchanges or web-based wallets through mobile browsers. Overlay Attacks: The malware can display fake login screens that mimic legitimate banking or crypto apps, tricking users into entering their credentials directly into the attacker’s hands. This enhanced capability to target crypto assets significantly raises the stakes of a malware attack by Crocodilus. Where Has This Malware Attack Been Detected? The global reach of Crocodilus malware is a major concern. While it started in Turkey, recent campaigns have been identified in a growing list of countries. This indicates a coordinated effort by the attackers to broaden their victim base. Reported affected regions include: Europe (e.g., Poland, Spain) South America (e.g., Brazil) United States Turkey (original point of detection) This geographical spread underscores that the threat is no longer regional but a global cybersecurity issue requiring widespread awareness. Who is Most at Risk from Crocodilus Malware? Anyone using an Android device (as mobile banking malware typically targets Android) to access banking apps or crypto wallets is potentially at risk. Users who download apps from unofficial sources, click on suspicious links, or use outdated operating systems are particularly vulnerable. The ease with which this malware can spread through phishing attempts or malicious downloads makes a broad range of users potential targets for this type of malware attack . How Can You Protect Your Crypto Wallets and Banking Apps? Protecting yourself from threats like Crocodilus malware requires vigilance and proactive steps. Implementing strong cybersecurity practices is your best defense. Here are actionable insights to enhance your security: Download Apps Only from Official Stores: Only install banking and crypto wallet apps from the Google Play Store or Apple App Store. Avoid third-party app stores or direct downloads from websites. Be Wary of Permissions: Pay close attention to the permissions requested by apps during installation. Be suspicious if a simple app asks for excessive permissions (like access to SMS, contacts, or accessibility features it doesn’t need). Keep Your Operating System Updated: Ensure your Android or iOS device is running the latest version of its operating system. Updates often include critical security patches that protect against known vulnerabilities. Use Reputable Mobile Security Software: Install a trusted mobile antivirus or security app and keep it updated. Run regular scans. Enable Two-Factor Authentication (2FA): Use 2FA on all your banking and crypto accounts whenever possible. Hardware keys (like YubiKey) or authenticator apps are generally more secure than SMS-based 2FA. Be Cautious of Phishing: Do not click on suspicious links in emails, SMS messages, or pop-ups. Verify the source of any communication asking you to log in or provide sensitive information. Review Account Activity Regularly: Check your bank statements and crypto wallet transaction history frequently for any unauthorized activity. Backup Your Crypto Wallet Seed Phrase OFFLINE: Never store your seed phrase digitally on your phone or computer. Write it down and store it securely offline in multiple safe locations. Consider Hardware Wallets: For significant crypto holdings, a hardware wallet offers the best protection against mobile and computer malware, as private keys are stored offline. Taking these steps can significantly reduce your risk of falling victim to a malware attack targeting your financial or crypto assets. The Growing Challenge of Mobile Cybersecurity The expansion of Crocodilus malware is a stark reminder of the increasing threats targeting mobile devices. As smartphones become central to our financial lives, they also become prime targets for cybercriminals. The challenge for cybersecurity professionals and users alike is staying ahead of these evolving threats. Protecting banking apps and crypto wallets on mobile devices requires a combination of secure technology and user awareness. The sophistication of malware like Crocodilus means that a single layer of defense is often insufficient. A multi-layered approach, combining updated software, security tools, and cautious user behavior, is essential. Summary: Stay Vigilant Against Crocodilus Malware The global expansion of Crocodilus malware , with its new focus on stealing data from crypto wallets and banking apps , is a serious development. Its presence in Europe, South America, and the U.S. means users worldwide need to be aware and take action. The ability to extract critical information like seed phrases makes this threat particularly dangerous for cryptocurrency holders. By understanding how this malware attack works and implementing robust cybersecurity measures – such as using official app stores, keeping software updated, enabling 2FA, and being wary of phishing – you can significantly enhance your protection. Your digital assets and financial security depend on staying informed and proactive in the face of evolving threats like Crocodilus. To learn more about the latest crypto security trends, explore our articles on key developments shaping cybersecurity for crypto assets. This post Urgent Warning: Crocodilus Malware Targets Crypto Wallets Globally first appeared on BitcoinWorld and is written by Editorial Team
Ethereum price started a fresh increase from the $2,470 zone. ETH is now facing resistance near the $2,650 and $2,660 levels. Ethereum started a fresh increase above the $2,500 level. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it trades below the $2,545 support zone in the near term. Ethereum Price Faces Resistance Ethereum price started a decent recovery wave from the $2,470 zone, beating Bitcoin . ETH price was able to climb above the $2,500 and $2,540 resistance levels. The price cleared the 50% Fib retracement level of the downward move from the $2,788 swing high to the $2,470 low. However, the bears seem to be active below the $2,660 resistance zone. The price is again moving lower below the $2,600 level. There was a break below a short-term rising channel with support at $2,580 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,540 and the 100-hourly Simple Moving Average . On the upside, the price could face resistance near the $2,620 level. The next key resistance is near the $2,650 level. The first major resistance is near the $2,660 level. It is near the 61.8% Fib retracement level of the downward move from the $2,788 swing high to the $2,470 low. A clear move above the $2,660 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 $2,780 resistance zone or even $2,880 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,660 resistance, it could start a fresh decline. Initial support on the downside is near the $2,545 level. The first major support sits near the $2,500 zone. A clear move below the $2,500 support might push the price toward the $2,470 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 bearish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 zone. Major Support Level – $2,545 Major Resistance Level – $2,660