updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Bitcoin has finally swept the sell-side liquidity that had been building beneath the market, driving price into a deep demand zone where stronger buyers are expected to step in. With the downside move now largely complete, attention shifts to whether this level can spark a meaningful reaction or mark the start of a broader reset.
Crypto analyst Brett emphasized that accumulating Bitcoin below the 100-week Simple Moving Average has repeatedly proven to be one of the most reliable long-term investment strategies. According to the expert, this zone has historically marked periods of maximum pessimism, where risk-to-reward strongly favors patient buyers rather than short-term traders.
Brett explained that his personal approach deliberately avoids trying to pinpoint the exact market bottom. Instead, he focuses on steady accumulation by placing buy orders across a wide range between $55,000 and $75,000, supported by daily recurring purchases.
For investors with a more conservative mindset, Brett pointed out that waiting for confirmation can be just as effective. Looking at past cycles, Brett noted that buying after Bitcoin moves back above the 100-week SMA has consistently delivered strong returns. He stressed that BTC has never fallen below the previous cycle’s 100-week SMA, reinforcing its importance as a structural support level. Those who followed this strategy in prior market cycles are now sitting on significant long-term profits.
According to the latest BTC Heatmap update by Columbus, the market has followed the exact trajectory previously mapped out. Columbus notes that the inability of the local lows to hold, combined with weak reactions on the tape, signaled that the liquidity stacked below would act as a magnet. Consequently, the continuation leg played out as an inevitable result of this structural weakness.
In his analysis of the current price action, Columbus highlights that Bitcoin is now trading directly within a cluster of heavier bids located around the low-$70,000 region. The analyst identifies this specific zone as the first area where a “real reaction” is likely to occur, as it represents a significant concentration of buy-side interest. For Columbus, the sweep into these deeper pockets was the necessary clearing event to reach this primary demand zone.
Columbus concludes that since the anticipated downside has fully played out, the focus now shifts entirely to the immediate response from buyers. With the liquidity targets hit and the price sitting on heavy support, Columbus is now closely watching for a definitive reaction to determine if this level will provide the foundation for the next leg of the trend.
]]>Ethereum has experienced a massive price surge, jumping from the $2,200 level to $2,500 in just a few hours. This comes after a period of extreme selling pressure that saw ETH drop as low as $2,080 on Friday, leading analysts to expect further declines. However, the market quickly reversed following a major announcement from President Trump regarding a U.S. Crypto Strategic Reserve, which includes Ethereum.
This unexpected news triggered a strong reaction across the crypto market, with ETH reclaiming key levels and fueling optimism among investors. The move has shifted sentiment, as traders now speculate on whether Ethereum can continue its rally toward the $3,000 mark.
Top analyst Daan shared a technical analysis on X, explaining that ETH swept all liquidity below $2,100 before bouncing sharply from that point. According to Daan, this move was significant, as Ethereum absorbed the sell-side liquidity and now continues its bullish momentum following Trump’s announcement.
With ETH reclaiming strength, investors are closely watching key resistance levels to see if the rally can continue. If Ethereum holds above $2,500, a further move higher is likely. However, the market remains volatile, and bulls must sustain momentum to confirm a full recovery.
Ethereum has been facing relentless selling pressure and negative sentiment, leading to heightened speculative activity that leans bearish in the short term. Since late December, the price of ETH has plunged nearly 49%, leaving investors in despair as they await a recovery. The market has struggled to find a strong base for a reversal, with analysts warning that if Ethereum fails to reclaim key levels soon, further downside could follow.
However, yesterday’s rebound has sparked renewed optimism among traders who anticipate a fast and aggressive recovery. Ethereum’s sudden surge from the $2,200 level to $2,500 caught many by surprise, especially after the market-wide downturn that saw ETH dip as low as $2,080 on Friday. This price movement coincided with President Trump’s announcement of a U.S. Crypto Strategic Reserve, which included Ethereum.
Daan’s technical analysis on X highlights that ETH swept all liquidity below $2,100 before bouncing sharply. According to him, this move confirmed that Ethereum had absorbed sell-side liquidity and was poised for continuation. He also noted that ETH is currently in a neutral zone, stating, “We’re in the middle of nowhere as we speak, but that $2.8K level remains important if we revisit it later.”
Ethereum’s next steps will determine whether this recovery gains momentum or fades into another consolidation phase. If ETH pushes toward the $2,800 mark and holds above it, bullish momentum could accelerate. However, if the price struggles to sustain its gains, another round of selling pressure could emerge. Investors remain cautiously optimistic, closely watching Ethereum’s ability to break through resistance and confirm a new uptrend.
Ethereum is currently trading at $2,350 after experiencing intense selling pressure over the past few days. Despite the recent bounce, the price continues to struggle below the critical $2,500 resistance level. Bulls have been unable to confirm a recovery rally, as ETH remains trapped within a range of uncertainty.
If Ethereum can reclaim the $2,500 mark and hold above it in the coming days, a strong rally could follow. Breaking past this resistance would open the door for a push toward the $2,800 level, which analysts see as a key price target. However, failure to break above $2,500 could leave ETH vulnerable to further downside, especially if bearish sentiment continues to dominate the market.
On the downside, losing the $2,200 support level could trigger another wave of selling pressure. If ETH drops below this mark, it could lead to a deeper correction, with the next major demand zone sitting around the $2,000 level. Investors remain cautious, watching for signs of either a breakout or another leg down. In the short term, Ethereum’s price action will largely depend on whether bulls can generate enough momentum to push ETH back above $2,500 and confirm a sustained recovery trend.
Featured image from Dall-E, chart from TradingView
The rush to launch Ethereum spot ETFs has sparked interest in the crypto community.
The crypto investment landscape is undergoing a seismic shift as six entities have rushed to file applications with the US Securities and Exchange Commission (SEC) for Ethereum (ETH) futures-based Exchange-Traded Funds (ETFs).
This whirlwind of activity closely follows the recent wave surrounding Bitcoin spot ETFs, marking a pivotal moment in the convergence of digital assets and traditional finance.
In a tweet, Eric Balchunas, a Senior ETF Specialist at Bloomberg, provided insight into the recent rise in applications to the SEC for Ether futures-based ETFs. His remark sheds light on the dynamic events taking place in the crypto investment ecosystem.
Notably, the Ether spot ETF frenzy which kicked off with the filing from Volatility Shares on July 28, swiftly captivated the attention of market observers. Volatility Shares had already made waves in the crypto world back in June, introducing the first leveraged crypto ETF in the United States, the 2x Bitcoin Strategy ETF (BITX).
This groundbreaking move laid the groundwork for what would become a cascade of ETF filings focused on Ethereum. The momentum continued to build as the calendar turned to August 1, with a remarkable flurry of filings from some prominent players in the investment industry. Bitwise, VanEck, Roundhill, ProShare, and Grayscale all joined the race within a mere 24 hours.
While the prospect of Ether ETFs has garnered significant attention, it’s important to note that the road to approval has historically been challenging. According to an insider familiar with the process, the SEC has yet to greenlight any ETF applications linked to ETH futures contracts.
However, the crypto community’s expectations remain high. If the SEC does not reject the recently submitted Ether ETF proposals, a new era in crypto investment could emerge. The launch of these ETFs, if approved, is set to occur 75 days after the filing date.
Volatility Shares, having taken the initiative by filing on July 28, is positioned to lead the pack, potentially preparing to launch its Ether ETF on October 12. Subsequent launches by other entities would follow suit.
The rush to launch Ethereum spot ETFs has sparked interest in the crypto community. However, despite the growing number of applications, the absence of regulatory approval and the looming possibility of withdrawals have kept ETH prices moving sideways.
At the time of writing, the price of Ethereum is pegged at $1,856, up 1.9% over the past 24 hours per date from CoinMarketCap. The coin managed to recover losses from the previous day, effectively bringing its price back to where it stood on Monday, at the $1,853 mark.
A notable observation is that Ethereum’s current price levels mirror those of mid-June, a period during which the asset dipped below $1,700 before rebounding and surging beyond the $2,000 mark.
Market participants have been closely watching ETH’s price dynamics, with keen anticipation for a potential breakout from its current range. Such a breakout could signal a shift in sentiment and potentially pave the way for a sustained upward trend.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.