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Rebounds

AAVE price prepares for 50% surge as rare bullish pattern forms
GameFi Guides

Bitcoin rebounds above $103k after Iran missile attack intercepted

by admin June 24, 2025



Bitcoin price has swiftly bounced above $103,000 after a sharp decline triggered by reports of Iran firing missiles at a U.S. base in Qatar.

Following confirmation that U.S. interceptor missiles successfully intercepted the Iranian missiles with no casualties, Bitcoin (BTC) surged. The benchmark cryptocurrency had briefly touched the $100,000 level after Iran announced it had fired missiles at Al Udeid Air Base in Qatar.

However, a statement from the Qatari Ministry of Defense detailing a successful interception of the ballistic missile attack helped boost sentiment, with Bitcoin and the broader crypto market responding positively.

No US troops injured or no damage to facilities after Iran fires missiles at bases, per FOX

— unusual_whales (@unusual_whales) June 23, 2025

According to Axios, President Donald Trump’s administration was “aware” of Iran’s coordinated attack on Al Udeid Air Base and in Iraq. Sources said the White House had “good advance warning,” noted.

The New York Times also reported that Iran had given Qatari advance information on the impending attack, with Qatar closing its airspace. 

Bitcoin touches $102.5k

At the time of writing, BTC price was hovering around $102,800, up nearly 4% in the past 24 hours. The gains marked a V-shaped recovery following the sharp drop seen during afternoon U.S. trading. Bitcoin touched highs of $103k across major exchanges.

BTC chart on crypto.news

While the crypto market saw a swift rebound, further downside could follow. Reports indicate that Qatar has stated it reserves the right to respond to the attacks. Iraq, Kuwait, Bahrain, and the UAE have also shut down their airspace, and U.S. military bases across the Middle East—including at Ain Al-Asad Airbase in Iraq—are on high alert.





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June 24, 2025 0 comments
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James Wynn takes $5.3m loss, bets $1.2b on Bitcoin lifeline
Crypto Trends

Bitcoin rebounds above 100K as market absorbs Iran war fears

by admin June 23, 2025



Bitcoin has clawed its way back above the $100,000 after briefly dipping below the key psychological level for the first time in months driven by Middle East geopolitical tensions.

The rebound follows a steep sell-off brought on by rising Middle East tensions after U.S. airstrikes on Iranian nuclear facilities at Fordow, Natanz, and Isfahan. A wave of liquidations followed, pushing Bitcoin down almost 4% to a multi-week low of $98,615 on June 22. Meanwhile, Ethereum (ETH) and Solana (SOL) saw losses of up to 10% and 5%, respectively.

The airstrikes, confirmed by President Donald Trump, marked a major escalation in the Israel-Iran conflict. Iran’s planned closure of the Strait of Hormuz, a vital route for 20% of global oil shipments, raised fears that oil prices could spike to $120–$130 per barrel and push U.S. inflation back up toward 5%. 

The immediate result was a flight to safe-haven assets like gold and the U.S. dollar, a $40 billion wipeout of the cryptocurrency market, and almost $1 billion in long-position liquidations. However, signs of stabilization emerged quickly.

Bitcoin recovered above $100,000 thanks to a 75.8% increase in daily trading volume to more than $48.4 billion. Despite a slight decline in open interest, Coinglass data shows that derivatives activity also surged, with volume rising 67% to $136 billion. This indicates that some market participants reduced their exposure in the face of uncertainty but may be returning.

From a technical perspective, the general trend is still bearish for the near future. Bitcoin is trading below its downward-sloping 10-day and 20-day exponential moving averages. Weak upward momentum and a tilt toward the lower band near $98,000, a crucial support zone, are indicated by the Bitcoin’s price hovering below the Bollinger Bands’ midline.

Bitcoin price analysis. Credit: crypto.news

Momentum indicators show mixed signals. With a relative strength index of 39, the market is weak but not yet oversold. The stochastic RSI and stochastic oscillators are in buy territory, suggesting a potential short-term recovery. The 10-day momentum and moving average convergence divergence, however, are still firmly bearish.

Bitcoin may retest resistance in the $105,000–$106,000 range if geopolitical tensions subside. On the flip side, many analysts on X warn of further declines towards $92,000 or lower if the conflict intensifies, especially given Iran’s threats of retaliation.

The speed of diplomatic resolution and whether exchange-traded fund inflows can continue to withstand sell-side pressure will likely determine how Bitcoin responds, as has been the case in previous crises.



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June 23, 2025 0 comments
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GameFi Guides

Bitcoin Rebounds as Markets Price in ‘Short-Lived’ Iran Conflict

by admin June 23, 2025



In brief

  • Iran’s foreign minister met with Russian officials in Moscow as diplomatic backchannels reopened following weekend strikes.
  • Pav Hundal of Swyftx said elevated volumes reflect deep trader uncertainty, calling the initial sell-off part of crypto’s “volatile DNA.”
  • Oil and gold both pulled back from intraday highs, reinforcing market expectations that broader escalation remains unlikely.

Bitcoin regained a footing late Sunday to trade above $101,000, recovering from earlier weekend losses as investors responded to U.S. and Israeli airstrikes on Iranian nuclear sites. 

The gains came alongside modest moves in gold and a muted reaction across oil and equity futures, signaling traders expect a contained conflict rather than a sustained geopolitical shock.

The U.S. operation, carried out in coordination with Israel, targeted Fordow, Natanz, and Isfahan using more than 125 aircraft and bunker-buster munitions.

Iran responded with missile and drone attacks on Israeli cities and threatened to strike U.S. military bases in the Gulf. 

Despite the escalation, markets stabilized quickly. Gold briefly hit $3,398 before easing to $3,374, while oil pared an early surge to finish up just 0.5%.

“The market is still expecting a short-lived war,” The Kobeissi Letter wrote on X, noting that oil remains far below levels historically associated with Strait of Hormuz disruptions.

Crypto markets showed a similar posture. While Bitcoin initially sold off during the height of the weekend headlines, traders returned as risk appetite increased.



“We saw a lot of twitch trading after the U.S. strikes, and volumes remain elevated,” Pav Hundal, lead analyst at Swyftx, told Decrypt. 

“The uncertainty in the Middle East, nobody knows what’s coming next, creates the kind of environment traders hate,” he added. “Bitcoin’s drop wasn’t surprising; it’s still an emerging asset class, and volatility is part of its DNA. If tensions ease, we should see confidence and prices begin to recover.”

Iran’s foreign minister flew to Moscow on Sunday for emergency consultations, while President Trump signaled a pause in further U.S. military action. 

A final decision on next steps could come within two weeks. In the meantime, European leaders have urged restraint and signaled openness to renewed diplomacy.

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June 23, 2025 0 comments
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Shaurya Malwa
NFT Gaming

Ripple Rebounds From Intraday Lows, Forms Bullish Pattern Above Key Support

by admin June 22, 2025



Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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June 22, 2025 0 comments
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NFT Gaming

Bitcoin Miner Bitdeer Boosts BTC Production as Mining Industry Rebounds

by admin June 11, 2025



In brief

  • Bitcoin miners were struggling earlier this year, as the price of the leading digital coin took a hit.
  • But BTC is recently surging, hitting a new all-time high mark in May and remaining close to that level.
  • Miners are minting more coins, with Nasdaq-listed Bitdeer producing 18% more in May than the month before.

Bitcoin miner Bitdeer in May minted 196 BTC, an increase of over 18% from April—the latest monthly gain registered by a publicly traded miner as the industry slowly recovers from headwinds caused by a dip in the leading cryptocurrency’s price and rising difficulty. 

Nasdaq-listed Bitdeer (BTDR) reported Wednesday that it also increased its hashrate to 13.6 exahash per second from 12.4 the previous month, due to new mining machinery. Exahash is a measurement of computational power. 

Data from Farside Investors shows that four Bitcoin top miners—CleanSpark, MARA, Riot Platforms, and HIVE—minted more BTC in May than in April. Data for five other miners was not yet available. 

The Bitcoin mining industry has grown more challenging this year, as competition has increased for smaller rewards but the price of the digital asset dropped, making it harder for mining operations to cover costs. After last year’s halving, miner rewards for verifying transactions on the blockchain sank from 6.25 Bitcoin to 3.215, or about $340,000 worth based on current prices. 

Top miners were forced to sell more coins than usual to make ends meet. In April, Bitcoin’s price dipped below $75,000 per coin, falling more than 20% over the course of a month as President Trump’s tariff announcements rocked global markets.

But a surge in the price of the leading cryptocurrency may be helping. Bitcoin broke a new price record in May of $111,814, and is now just shy of 3% of that high mark, CoinGecko data shows. 

Mining operations are typically large warehouses full of specialized computers racing to add blocks to the cryptocurrency’s blockchain.



Blocks are added to Bitcoin’s ledger of transactions, and miners are rewarded for their speed with newly minted digital coins. But the industry requires a lot of equipment and energy, and the odds of success are low.

Miners are scattered across the world, but the U.S. has the highest percentage of global hashrate. 

President Trump campaigned on a ticket to help the industry and said he wanted all future BTC to be minted in the country.

Edited by James Rubin

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June 11, 2025 0 comments
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CoinDesk Bot
Crypto Trends

Token Rebounds After Sharp Drop Below $6

by admin June 1, 2025



Uniswap’s native token initially broke below its uptrend line after failing to hold momentum above the $6.00 support level.

The decline followed the formation of an ascending channel earlier in the day, but that structure collapsed under high-volume selling, including a spike of over 1.4 million units as prices briefly touched $6.00.

However, the breakdown proved temporary. UNI quickly reversed course and climbed back to $6.18, indicating strong dip-buying interest and suggesting the uptrend may still be intact if support near $6.05 continues to hold.

Technical Analysis Highlights

  • UNI formed a clear ascending channel throughout most of the day, with notable support at the $6.00 level backed by above-average volume.
  • A sharp reversal occurred as UNI briefly broke below its uptrend line, triggering high-volume selling.
  • Two significant volume spikes occurred: over 455,000 units at 01:38 and exceeding 1.4 million units at 01:42.
  • The token quickly rebounded after the breakdown, regaining ground and pushing back toward the $6.18 area.
  • Initial resistance was encountered at $6.19, which now appears within reach again as bullish momentum returns.
  • The price action showed a substantial intraday range of 0.226 (3.78%), highlighting persistent volatility

External References



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June 1, 2025 0 comments
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CoinDesk Bot
Crypto Trends

Bitcoin Rebounds Above $104,300 as Tariff Chaos Triggers Nearly $1B in Liquidations

by admin May 31, 2025



Global economic tensions and trade policy uncertainties continue to influence cryptocurrency markets as Bitcoin recovers from a recent correction.

Despite the pullback, institutional interest remains strong with firms like Strategy (formerly MicroStrategy) and GameStop adding BTC to their corporate treasuries.

Technical Analysis Highlights

  • The 24-hour period shows a clear bottoming pattern with strong volume support emerging around the $103,200-$103,400 zone, where buyers consistently stepped in, according to CoinDesk Research's technical analysis data model.
  • The subsequent recovery phase gained momentum after breaking above the $104,000 resistance level, with increasing volume confirming buyer conviction.
  • This technical structure suggests the correction has likely completed, with the price now establishing a new support base for potential continuation of the broader uptrend.
  • In the last hour, Bitcoin demonstrated a notable recovery pattern, climbing from $104,146 to $104,303, with significant bullish momentum emerging at 14:01.
  • Price surged from $104,188 to $104,323 on substantially higher volume (429 BTC traded).
  • The price action formed a clear consolidation range between $104,077 and $104,263 before the breakout, with key support established around $104,080-$104,090.

External References

  • “Bitcoin Price Extends Losses — Is More Downside on the Horizon?”, NewsBTC, published May 30, 2025.
  • “Bitcoin at Risk of Breakdown if Major Support Level Fails, Says Trader Justin Bennett – Here Are His Targets”, The Daily Hodl, published May 30, 2025.
  • “Bitcoin price prediction 2025-2031: Will BTC hit $150k soon?”, Cryptopolitan, published May 31, 2025.



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May 31, 2025 0 comments
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Esports

Faizan Zaki rebounds to win Scripps National Spelling Bee

by admin May 30, 2025



May 29, 2025, 10:48 PM ET

OXON HILL, Md. — Faizan Zaki’s enthusiasm for spelling nearly got the better of him. Ultimately, his joyful approach made him the Scripps National Spelling Bee champion.

The favorite entering the bee after his runner-up finish last year — during which he never misspelled a word in a conventional spelling round, only to lose a lightning-round tiebreaker that he didn’t practice for — the shaggy-haired Faizan wore the burden of expectations lightly, sauntering to the microphone in a black hoodie and spelling his words with casual glee.

Throughout Thursday night’s finals, the 13-year-old from Allen, Texas, looked like a champion in waiting. Then he nearly threw it away. But even a shocking moment of overconfidence couldn’t prevent him from seizing the title of best speller in the English language.

With the bee down to three spellers, Sarvadnya Kadam and Sarv Dharavane missed their words back-to-back, putting Faizan two words away from victory. The first was “commelina,” but instead of asking the requisite questions — definition, language of origin — to make sure he knew it, Faizan let his showman’s instincts take over.

“K-A-M,” he said, then stopped himself. “OK, let me do this. Oh, shoot!”

Texas’ Faizan Zaki, 13, celebrates after spelling “eclaircissement” to win the Scripps National Spelling Bee on Thursday night. Jack Gruber-USA TODAY

“Just ring the bell,” he told head judge Mary Brooks, who obliged.

“So now you know what happens,” Brooks said, and the other two spellers returned to the stage.

Later, standing next to the trophy with confetti at his feet, Faizan said: “I’m definitely going to be having nightmares about that tonight.”

Even pronouncer Jacques Bailly tried to slow Faizan down before his winning word, “eclaircissement,” but Faizan didn’t ask a single question before spelling it correctly, and he pumped his fists and collapsed to the stage after saying the final letter.

The bee celebrated its 100th anniversary this year, and Faizan may be the first champion who’s remembered more for a word he got wrong than one he got right.

“I think he cared too much about his aura,” said Bruhat Soma, Faizan’s buddy who beat him in the “spell-off” tiebreaker last year.

Faizan had a more nuanced explanation: After not preparing for the spell-off last year, he overcorrected, emphasizing speed during his study sessions.

Although Bruhat was fast last year when he needed to be, he followed the familiar playbook for champion spellers: asking thorough questions, spelling slowly and metronomically, showing little emotion. Those are among the hallmarks of well-coached spellers, and Faizan had three coaches: Scott Remer, Sam Evans and Sohum Sukhantankar.

None of them could turn Faizan into a robot on stage.

“He’s crazy. He’s having a good time, and he’s doing what he loves, which is spelling,” Evans said.

Said Zaki Anwar, Faizan’s father: “He’s the GOAT. I actually believe that. He’s really good, man. He’s been doing it for so long, and he knows the dictionary in and out.”

A thrilling centennial

After last year’s bee had little drama before an abrupt move to the spell-off, Scripps tweaked the competition rules, giving judges more leeway to let the competition play out before going to the tiebreaker. The nine finalists delivered.

During one stretch, six spellers got 28 consecutive words right, and there were three perfect rounds during the finals. The last time there was a single perfect round was the infamous 2019 bee, which ended in an eight-way tie.

Sarv, an 11-year-old fifth-grader from Dunwoody, Georgia, who ultimately finished third, would have been the youngest champion since Nihar Janga in 2016. He has three years of eligibility remaining.

The most poised and mature of the final three, Sarvadnya — who’s from Visalia, California — ends his career as the runner-up. He’s 14 and in the eighth grade, which means he has aged out of the competition. It’s not a bad way to go out, considering that Faizan became just the fifth runner-up in a century to come back and win, and the first since Sean Conley in 2001.

Including Faizan, whose parents emigrated from southern India, 30 of the past 36 champions have been Indian American, a run that began with Nupur Lala’s victory in 1999, which was later featured in the documentary “Spellbound.” Lala was among the dozens of past champions who attended this year and signed autographs for spellers, families and bee fans to honor the anniversary.

With the winner’s haul of $52,500 added to his second-place prize of $25,000, Faizan increased his bee earnings to $77,500. His big splurge with his winnings last year? A $1,500 Rubik’s cube with 21 squares on each side. This time, he said he will donate a large portion of his winnings to charity.

The bee began in 1925 when the Louisville Courier-Journal invited other newspapers to host spelling bees and send their champions to Washington. For the past 14 years, Scripps has hosted the competition at a convention center just outside the nation’s capital, but the bee returns downtown next year to Constitution Hall, a nearly century-old concert venue near the White House.

A passionate champion

Faizan has been spelling for more than half his life. He competed in the 2019 bee as a 7-year-old, getting in through a wild-card program that has since been discontinued. He qualified again in 2023 and made the semifinals before last year’s second-place finish.

“One thing that differentiates him is he really has a passion for this. In his free time, when he’s not studying for the bee, he’s literally looking up archaic, obsolete words that have no chance of being asked,” Bruhat said. “I don’t think he cares as much about the title as his passion for language and words.”

Faizan had no regrets about showing that enthusiasm, even though it nearly cost him.

“No offense to Bruhat, but I think he really took the bee a little too seriously,” Faizan said. “I decided to have fun with this bee, and I did well, and here I am.”



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May 30, 2025 0 comments
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NFT Gaming

Bitcoin Rebounds as Trump Extends EU Tariff Deadline, US Futures Tick Higher

by admin May 26, 2025



In brief

  • President Trump has delayed the implementation of a proposed 50% tariff on EU goods until July 9.
  • Bitcoin has climbed higher on the day as traders respond to easing trade tensions and position around a $120,000 price target for June.
  • Institutional investors are continuing to increase their exposure to crypto as regulatory sentiment improves and macro conditions evolve.

Bitcoin climbed back to $109,600 in late Sunday trading as investors digested President Donald Trump’s decision to delay a proposed 50% tariff on European Union goods, offering markets a reprieve from ongoing global trade tensions.

The move followed a call with European Commission President Ursula von der Leyen on Sunday, during which the bloc requested more time to finalize a trade agreement.

U.S. equity futures are edging higher. S&P 500 futures rose 0.9%, Dow futures added 0.8%, and Nasdaq-100 futures gained 1%, reflecting cautious optimism that the delay could ease transatlantic trade pressures—at least for now.

Trump had initially proposed a 20% tariff on most EU imports in April, later reducing it to 10% to allow time for talks. On Friday, he threatened to raise tariffs to 50% by June 1 if negotiations stalled, before walking back the timeline late Sunday.

The revised July 9 deadline now places markets in a holding pattern, with trade policy once again a source of volatility across both traditional and digital assets.

Still, sentiment appears to be holding for those betting on a favorable outcome to US trade policy. 

“Bitcoin has been trading more in line with gold lately, reflecting its appeal as a non-sovereign asset and inflation hedge,” Ryan McMillin, chief investment officer at crypto fund manager Merkle Tree Capital, told Decrypt. “With global M2 surging in recent months, gold has already broken to all-time highs—and now Bitcoin is catching up. We expect this trend to continue over the coming months, with Bitcoin pushing toward US$120,000 and beyond.”

That’s a price target backed by others, including Pav Hundal, lead market analyst at crypto exchange Swyftx.

“It’s not easy to separate the signal from the noise in a trade war, and short-term positioning might shuffle, but right now, options traders are eyeing up $120,000, Hundal told Decrypt. “On Derebit, there is well over half a billion dollars in notional volume sitting at the $120,000 level on the end of June contract.”

The EU, which exported more than $600 billion in goods to the U.S. last year, had paused its own retaliatory tariffs on $23 billion in U.S. imports, and is currently consulting on additional measures targeting $95 billion worth of goods.

Crypto markets were broadly stable on Sunday. Ethereum hovered near $2,550, while Solana and Avalanche posted modest gains between 1% and 2%. 

Traders are once again weighing geopolitical risks against ongoing institutional inflows and upcoming macroeconomic signals, including this week’s fresh U.S. core PCE inflation print, expected Friday.

Bitcoin’s rally lost momentum in April after the White House unveiled a blanket tariff framework, triggering a pullback in leveraged positioning and weakening short-term bullish sentiment. Bitcoin fell nearly 2% following Friday’s tariff threats.

“Tariff talk could see a few bumps along the way, and we are hoping to see some more trade deals announced soon,” McMillin added.

Analysts say digital assets continue to show sensitivity to macro policy cues, particularly where monetary conditions and trade dynamics intersect. However, they also say the current rally in crypto feels more structurally sound than previous cycles.

“The broader backdrop continues to skew bullish,” Singapore-based QCP Capital wrote in a note on Friday. “A more accommodating U.S. regulatory environment, coupled with persistent institutional inflows via both ETFs and direct spot allocations, is fostering structural demand.”

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May 26, 2025 0 comments
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CoinDesk Bot
Crypto Trends

ETH Rebounds From $2,477 as Spot ETF Inflows Rise

by admin May 25, 2025



Global economic tensions and trade disputes continue to influence cryptocurrency markets, with ETH showing resilience despite broader market uncertainty.

The second-largest cryptocurrency is currently navigating a critical technical zone between $2,500-$2,530, which analysts identify as immediate resistance that must be overcome for continued upward movement.

Institutional interest remains strong, with spot Ethereum ETFs recording consecutive days of positive inflows, signaling growing confidence from larger investors despite the recent volatility.

Technical Analysis Highlights

  • 24-hour ETH price action revealed a substantial 3.5% range ($99.85).
  • Sharp sell-off during midnight hour saw price plummet to $2,477.40, establishing a key support zone.
  • Extraordinary volume (291,395 units, nearly 3x average) confirmed the significance of the support level.
  • Buyers stepped in at the $2,467-$2,480 support band, confirmed by high-volume accumulation during the 08:00-09:00 period.
  • Recent price action shows bullish momentum with ETH reclaiming the $2,515 level.
  • Potential higher low pattern suggests the correction may have found its bottom.
  • $2,520-$2,530 area remains the immediate resistance to overcome for continued upward movement.
  • Significant bullish surge at 13:35 saw price jump from $2,515.85 to $2,521.79, accompanied by exceptional volume (5,839 units).
  • Sharp reversal occurred at 14:00, with price dropping 5.07 points to $2,508.02 on heavy volume (4,043 units).
  • Hourly range of 14.46 points ($2,508.02-$2,522.48) demonstrates market indecision.

External References

  • “Ethereum Holds Above Key Prices – Data Points To $2,900 Level As Bullish Trigger”, NewsBTC, published May 24, 2025.
  • “Ethereum Forms Inverse H&S – Bulls Eye Breakout Above $2,700 Level”, Bitcoinist, published May 25, 2025.
  • “Ethereum Price Analysis: Is ETH Primed for a ‘Healthy’ Correction?”, CryptoPotato, published May 25, 2025.



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May 25, 2025 0 comments
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