Ethereum (ETH) has breached a major support level, falling to a new monthly low of $3,350. This breakdown signals a potential shift in market momentum, triggering concern among traders and investors alike. Ethereum Price Action: Support Level Broken Over the past week, Ethereum has been hovering near critical price levels. On August 2, ETH broke below its key support at $3,500, a level that had held for several weeks. The breach confirms increased selling pressure, pushing the price down to $3,350—its lowest point since mid-June. This move marks a technical breakdown, with downside momentum accelerating across multiple timeframes. What’s Driving…
Author: Blockto Team
Shiba Inu (SHIB) has started the first weekend of August on a slightly bearish note, trading around $0.00001207 after slipping 1.3% in the last 24 hours, according to data from Bitx . Low Volume Hints at Calm Weekend Ahead On the hourly chart, SHIB remains stuck in a tight consolidation range between support at $0.00001195 and resistance at $0.00001227. Trading volume continues to decline, signaling a lack of momentum and reducing the likelihood of sharp intraday moves. Without a breakout, price action is expected to remain muted, potentially drifting within the channel over the weekend. Mid-Term Outlook: Key Levels to…
Ethereum (ETH) has fallen below the critical $3,500 support level, raising concerns about the sustainability of its recent rally. However, on-chain metrics and institutional activity suggest the dip may be temporary. ETH Falls After Failing to Break $4K After an explosive 60% surge in July, Ethereum failed to push through the $4,000 resistance zone, triggering a 12.5% pullback to the mid-$3,400 range. This technical rejection coincides with profit-taking across the broader crypto market. Spot Ethereum ETFs also saw their first outflows in over 20 days, signaling a minor sentiment shift among U.S. investors. SharpLink Boosts ETH Holdings Despite Price Dip…
Bitcoin (BTC) has pulled back to around $113,700, triggering anxiety among traders. However, on-chain metrics and technical indicators suggest this correction may be a natural part of a bullish continuation, not the start of a prolonged downtrend. Glassnode Data Points to a “Healthy Reset” According to Glassnode, the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) currently reads 0.34, indicating most recent transactions are occurring at a loss. This is typically seen during capitulation phases, where weak hands exit and stronger hands enter. Analysts at Swissblock note that Bitcoin remains well below overheated territory, historically associated with local tops. Instead, BTC…
SharpLink Gaming has significantly expanded its Ethereum reserves, acquiring over 26,000 ETH in just 48 hours. This aggressive move, worth approximately $96 million, has elevated the company’s total Ethereum holdings to 464,000 ETH, now valued at $1.63 billion. Ethereum Accumulation Strategy Led by Joseph Lubin The purchase is part of a broader treasury strategy spearheaded by Ethereum co-founder Joseph Lubin, who aims to position SharpLink as the leading Ethereum-holding corporation. Lubin believes the firm can amass more ETH per fully diluted share than any other entity focused on the Ethereum ecosystem. To execute this latest buy, $55 million in USDC…
Former BitMEX CEO Arthur Hayes has issued a cautionary outlook for the crypto market, suggesting Bitcoin may dip below $100,000 in the near term following a disappointing U.S. Non-Farm Payrolls (NFP) report. Bitcoin Under Pressure After NFP Miss The July NFP report fell far short of expectations, triggering volatility across global markets. Hayes, while maintaining a long-term bullish stance on Bitcoin, warned that liquidity risks and macroeconomic headwinds could cause a deeper short-term correction. “Macro liquidity is drying up,” Hayes stated, citing falling job numbers, increasing margin calls, and reduced risk appetite from investors. Short-Term Bearish, Long-Term Bullish Bitcoin, which…
On August 7, 2025, a sweeping set of new tariffs takes effect on imports from nearly 70 countries and the European Union, with rates ranging from 10% to 41%. North America & Key Partners Asia & Pacific Nations South America & Africa Europe & Middle East Universal Base Rate & Exceptions What This Means Final Thought These tariffs mark a major escalation in U.S. trade policy—a strategic use of economic leverage across multiple continents. As deals emerge, some countries secured relief or reduction in rates, but many are now navigating elevated costs under pressure to negotiate. Disclaimer This content is for…
BONK, a meme-based token on the Solana blockchain, is currently under pressure after a significant weekly selloff. Following a 27% decline in the last 7 days, the token now trades near $0.000026, hovering just above a critical support level that could determine its next major move. Cup and Handle Pattern May Signal Major BONK Rebound Technical analysts are closely watching a potential cup-and-handle pattern, often seen in bullish continuation setups. BONK is now retesting the $0.000025 neckline, which many traders view as a launchpad for a possible reversal. If the neckline holds, some analysts are predicting a 100% upside, with…
Institutional investors are quietly loading up on Bitcoin and Ether, and that’s a powerful bullish signal, according to Tom Lee, co-founder of Fundstrat and chairman of Bitmine Immersion Technologies (BMNR). ‘The Most Hated Rally’ Is Still in Mid-Cycle Speaking on CoinDeskTV, Lee described the recent crypto recovery as “the most hated V-shaped bounce in history,” pointing to how sentiment soured sharply after President Trump’s tariff announcements sparked fears of recession earlier this month. **“Since 2020, investors have underestimated every recovery. This one is no different,” Lee said._ Markets have rebounded sharply since April, but many investors remain skeptical — and…
ARK Invest capitalized on last week’s sharp market correction by significantly expanding its positions in both Coinbase and BitMine Immersion Technologies. The strategic buying move comes amid broader volatility across tech and crypto-related stocks. ARK Invest Buys $30M in Coinbase Shares On Friday, ARK Invest acquired 94,678 shares of Coinbase (COIN) across its three flagship funds—ARKK, ARKW, and ARKF. The total investment was valued at approximately $30 million. This comes as Coinbase stock tumbled 16.7%, closing at $314.69—marking its worst single-day performance in recent months. The intraday low of $310.55 was a sharp decline from its 52-week high of $444.64.…
