Coinbase’s Research Director has addressed recent reports suggesting the existence of the largest Ethereum (ETH) short position in history, clarifying that such claims are significantly overstated. The director emphasized that
Ethereum remains range-bound between the 100-day and 200-day moving averages, signalling a consolidation phase. However, a decisive breakout in either direction will likely define the next major trend, with market sentiment leaning toward a potential bullish breakout in the coming days. ETH Price Analysis: Technicals By Shayan The Daily Chart ETH is currently consolidating between the 100-day and 200-day moving averages, entering a decisive phase in its price action. After breaking above the pivotal 200-day MA around $2.5K, an area that has acted as strong resistance in recent weeks, the price has pulled back to retest this level. This pullback is crucial: if bullish demand resurfaces and holds ETH above this moving average, it would likely ignite another leg upward, targeting the $2.8K resistance zone. For now, the cryptocurrency appears to be range-bound between $2.5K and $2.8K, and a clear breakout from this zone will likely set the stage for the next significant trend direction. Market participants are closely watching for a bullish continuation, which could solidify ETH’s reversal structure. Source: TradingView The 4-Hour Chart On the lower timeframe, ETH’s recent rally encountered resistance at a key bearish order block between $2625 and $2670, where sellers re-entered the market. This rejection has pushed the price back toward the $2.5K support level, a historically significant zone for ETH. This area now serves as a crucial battleground. If buyers manage to defend it, Ethereum could regain momentum and reattempt a breakout above the overhead supply. However, failure to hold $2.5K could trigger extended consolidation or even a retracement toward lower supports. Source: TradingView Onchain Analysis By Shayan The funding rate remains a key indicator of market sentiment in Ethereum’s futures market. In a healthy uptrend, this metric typically trends upward, reflecting increasing confidence and positioning from long-biased traders in both spot and perpetual markets. Currently, however, ETH’s funding rates have been declining amid price consolidation between the 100-day and 200-day moving averages. This suggests reduced bullish conviction and signs of buyer exhaustion, raising the likelihood of continued short-term sideways movement. For Ethereum to break above the critical $2.6K and $2.8K resistance zones, stronger demand must flow into the derivatives market, lifting the funding rate to more positive levels. Until that shift materializes, the consolidation phase is likely to persist. Source: CryptoQuant The post Ethereum Gains 4% This Week, What are the Next Targets? ETH Price Analysis appeared first on CryptoPotato .
Bitcoin (BTC) rose out of its bull flag on Thursday, and for all intents and purposes looked as though it might be able to consolidate above. However, the bears had other ideas, and not only forced the price back to the upper trendline, but drove it back inside the flag. Is this just a postponement of the breakout, or could the price be brought lower still? Is $BTC going to break out or not? Source: TradingView The short-term chart for $BTC shows a fakeout of the bull flag. When the price was over $110,000 on Thursday this was probably the last thing that the bulls expected. That said, $BTC was becoming overbought, and once the first breakout confirmation had been made, and the price rolled over again, the bulls suddenly lost their nerve and the price receded back into the bull flag. One further bearish factor that will give the bulls food for thought is that the surge out of the bull flag did not put in a higher high. It got pretty close, but pretty close still isn’t a higher high. On the more positive side of things, the overbought condition for $BTC is resetting as the Stochastic RSI indicators on the 4-hour time frame have now hit the bottom. Having said that, the 8-hour and 12-hour Stochastic RSIs still have a way to go, and might even start turning up before they get to the bottom. $106,000 important level to hold Source: TradingView The daily chart reveals that the price is still above the $106,000 support. This is an important level because it marks the top of some candle bodies from December 2024 through to January 2025. If this level continues to hold, the breakout and fakeout of the bull flag could just be a momentary setback. Weekly close crucial for deciding next week’s price direction Source: TradingView The 4 of July holiday in the United States may have had something to do with the lacklustre trading of $BTC on Friday. Be that as it may, looking at the macro picture, the surge out of the falling wedge pattern has turned into a classic bull flag, and it might be expected that this plays out to the upside, even if it does take a while longer. At the bottom of the chart, the Stochastic RSI indicators are still sitting on a knife edge. Any positive or negative price action over this weekend could tip the scales in either direction. The ideal situation for the bulls would be for a confirmed cross back up at the end of Sunday. If this doesn’t take place, expect at least another week of sideways price action. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Tokenized equities are reshaping investment landscapes by offering digital representations of real-world assets, yet they currently lack the full legal rights associated with traditional ownership. Despite growing market interest, tokenized
Coinbase’s Research Director has publicly addressed recent claims regarding the purported “largest short position in ETH history,” categorizing these assertions as significantly overstated. The expert emphasized that while short positions
Bitcoin futures on Binance has exceeded $650 trillion outpacing spot volume as derivatives dominate.
Dubbed by insiders as the next Solana, this new altcoin, Mutuum Finance (MUTM) is turning heads with a lightning-fast DeFi infrastructure, a real-world utility model, and a tokenomics design built for scalability. As summer heats up, Mutuum is quickly emerging as the top token to buy. Phase 5 Presale of Mutuum Finance is over 60% sold out with MUTM priced at $0.03. The presale has raised over $11.7 million and attracted more than 12,700 unique holders. This is the lowest MUTM will ever be priced, with a 16.67% jump scheduled when phase 6 kicks off. While Solana (SOL) continues to hold its ground, much of its explosive early growth has already been priced in. In contrast, Mutuum Finance, still in its presale phase, offers a rare chance to get in early on a potential breakout star. Mutuum Finance Presale Phase 5 Mutuum Finance is gaining momentum in Phase 5 of its presale. The project stands out from others by offering a scalable system of finance with a real-world use case. Investor interest is gaining momentum with the project having raised well over $11.7 million already and having over 12,700 token holders. Mutuum Finance introduces a non-custodial liquidity protocol in which users retain their total ownership of assets. The project features a double-model approach that incorporates Peer-to-Contract and Peer-to-Peer lending to foster increased flexibility and efficiency. Peer-to-Contract system uses smart contracts to deliver automated lending without any human intervention and instead, the smart contracts respond to the market by offering dynamic interest rates. Through the assistance of this auto mechanism, the world of borrowers and lenders becomes stable and predictable. Peer-to-Peer model on the other hand cuts out middlemen and thus offers a direct link between lenders and borrowers. CertiK-Certified, Fully Collateralized Stablecoin, and $50K Bug Bounty A fully collateralized USD-pegged stable coin on the Ethereum chain is also being developed by Mutuum Finance. Top blockchain security company, CertiK, has also audited the smart contracts of the project. Besides making one confident about the integrity and transparency of the code base, the conducted audit shows that the project is serious about the design of a secure DeFi protocol. To pursue this commitment further, the official Bug Bounty Program on the Mutuum Finance, organized together with CertiK, has been deployed, with a 50,000 USDT. The program covers four levels of vulnerabilities including critical, major, minor and low. Mutuum Finance Giveaway Is Live To commemorate its early traction and to give back to the community Mutuum Finance (MUTM) is organizing a huge $100,000 giveaway . 10 winners from the early investors will be chosen to win $10,000 in Mutuum Finance tokens each. Through its unique leaderboard mechanism the top 50 Mutuum Finance holders will be rewarded. As the users climb the ranks they will be rewarded in bonus tokens token holding fun and competitive one. The mechanism drives both excitement and loyalty and bootstraps ecosystem growth in high-gear. As Solana (SOL) matures and its early explosive growth levels off, savvy investors are looking for the next big altcoin poised to deliver outsized returns, and Mutuum Finance (MUTM) is rapidly claiming that spotlight. With over $11.7 million raised, more than 12,700 holders, and a presale that’s over 60% sold out at just $0.03, Mutuum is showing all the signs of a breakout project. Its dual lending model, CertiK-audited smart contracts, and upcoming stablecoin signal real-world utility and long-term vision. Combined with a $100,000 giveaway and a gamified leaderboard rewarding top holders, Mutuum isn’t just building hype, it’s building an ecosystem. Join the presale now and secure your position before prices rise and the next Solana-sized wave begins. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
The nascent real-world tokenized assets track prices but do not provide investors the same legal rights as holding the underlying instruments.
The CARF regulation, which brings crypto under global tax reporting standards akin to traditional finance, marks a crucial turning point.
XRP price dropped over 45% once after its daily Stochastic RSI hit overbought levels, and the same signal is flashing again this July.