Ethereum Rebounds 20% But Analysts Warn of Ongoing Risks

Ethereum has surged 20% from recent lows, climbing to $3,610 amid market optimism following Trump’s stimulus promises. However, analysts caution that the cryptocurrency remains in a precarious position despite the impressive recovery. The mixed sentiment reflects ongoing uncertainty about ETH’s near-term trajectory as technical indicators and exchange reserve data paint conflicting pictures of the asset’s future.

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Dogecoin Surges on Bullish Signals & Global Adoption

Dogecoin is showing renewed strength in October, fueled by bullish technical patterns and growing real-world adoption. Analysts are watching key resistance levels as momentum builds for potential significant gains. The combination of technical signals and fundamental developments suggests a promising outlook for the meme cryptocurrency.

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Dogecoin Golden Cross Signals Potential Bull Run to $1

Dogecoin is forming a Golden Cross pattern, a technical indicator that often precedes significant bullish momentum. Analysts identify $0.33 as the critical resistance level that could trigger a major rally. Some experts predict this could ultimately propel DOGE toward the $1 milestone, representing a potential 334% surge from current levels and potentially sparking broader altcoin market momentum.

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Dogecoin Primed for ‘Face-Melting Rally’ as Rare Pattern Forms

Dogecoin is showing signs of a potential major breakout according to technical analysts. A rare Bump & Run Reversal Bottom pattern suggests the meme cryptocurrency could be preparing for significant upward movement. Multiple analysts are pointing to key resistance levels that could trigger broader altcoin market momentum, with one expert predicting a potential surge toward the $0.70-$0.85 range from DOGE’s current $0.23 price level.

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Ethereum Exchange Balance Turns Negative: Bullish Signal

Ethereum has achieved a significant market milestone with its exchange balance turning negative, meaning more ETH is being withdrawn from trading platforms than deposited. This development, highlighted by analyst Cas Abbe, signals reduced selling pressure and indicates investors are moving tokens to private wallets for long-term holding rather than immediate liquidation. The shrinking exchange supply coincides with Ethereum’s price advance toward $5,500 and technical analysts like Crypto Goos predicting a breakout from a long-term wedge pattern. With Ethereum trading above the $3,600 resistance level, analysts project potential targets around $7,000, representing approximately 62% upside from current levels. This combination of fundamental supply dynamics and technical breakout patterns suggests strong upward momentum potential for Ethereum.

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Ethereum On-Chain Activity Signals Strong Growth Momentum

Ethereum’s on-chain activity is accelerating, with daily transactions reaching 1.7 million—the highest in over a year. Rising active and new addresses indicate sustained network adoption, while the EIP-1559 upgrade continues to tighten ETH supply by burning fees. Analysts note that ETH’s strategic reserve has surged from $200 million to $10 billion in just four months, signaling strong accumulation and long-term confidence. These fundamentals, combined with neutral net emissions, suggest ETH’s growth is driven by real demand rather than short-term hype, potentially setting the stage for a new bullish cycle.

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U.S. House Declares ‘Crypto Week’ to Push Landmark Bills

The U.S. House of Representatives has declared the week starting July 14 as ‘Crypto Week,’ during which lawmakers will consider three significant bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. The CLARITY Act seeks to resolve regulatory ambiguity by clearly defining the roles of the SEC and CFTC in overseeing digital assets, categorizing them as securities, commodities, or stablecoins. The GENIUS Act establishes a federal framework for stablecoins, promoting their mainstream adoption while ensuring consumer protections. The Anti-CBDC Act aims to block the issuance of a U.S. central bank digital currency, addressing privacy concerns. This legislative push reflects the growing recognition of crypto’s economic importance and aims to position the U.S. as a leader in digital asset innovation.

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Bitcoin Hits Historic High in Q2: What’s Next?

Bitcoin (BTC) delivered an impressive Q2, hitting an all-time high of nearly $112,000 and closing June at around $107,500—a 30% quarterly gain and its highest-ever quarterly close. Key metrics, such as negative exchange netflows and rising inflows into spot BTC ETFs, suggest continued bullish momentum. Analysts like BiBull, Cas Abbe, and KALEO predict further surges, with targets above $160,000. However, profit-taking and declining demand signal potential short-term volatility. The crypto community remains optimistic, but caution is advised as market dynamics shift.

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Bitcoin Holds $105.5K, Eyes $106.6K Breakout

Bitcoin maintained resilience above $105,500, breaking a two-week downtrend as traders flagged key support levels and bullish technical structures. Analysts like Rekt Capital highlighted $106,600 as a critical level for trend continuation, while liquidity maps revealed clustered liquidations that could trigger sharp moves. Short-term forecasts vary, with some predicting a retest of $100,000 support and others, like Cheds, projecting a mid-$250,000 target by 2026 based on long-term patterns. Meanwhile, Japanese firm Metaplanet escalated its Bitcoin accumulation goal to 100,000 BTC by 2026, reflecting growing institutional confidence.

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Solana Holds Key Support Amid Bullish Crypto Outlook

Solana (SOL) is holding a crucial demand zone near $165, testing key support as the broader crypto market consolidates. Despite a recent pullback, SOL has surged 90% since April, with analysts like Cas Abbe highlighting its intact bullish structure. A successful retest of the multi-year trendline last month reinforced support, setting the stage for a potential upward continuation. SOL’s fundamentals are improving, with rising developer activity and DeFi participation. A breakout above $181 could propel SOL toward $200, while a drop below $160 may threaten the uptrend. Traders are closely watching for confirmation of the next major move.

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SOL Rally Potential: Key Levels to Watch for Bull Run

Solana’s SOL has declined 45% from its January all-time high, currently trading around $161. Analysts like Ali Martinez believe a breakout above $176-$188 could spark a fresh bull run, citing rising wallet counts (over 11 million holding 0.1+ SOL) as a sign of retail interest. Others, like Cas Abbe, highlight SOL’s 50% rebound since April and improving fundamentals, predicting new peaks this year. Technical analyst Mags notes an ascending triangle pattern, with a $267 breakout potentially fueling a major rally. Meanwhile, trader XO sold their position above $180 and now eyes re-entry at $140-$150 or even $120, noting Bitcoin’s influence on SOL’s trajectory.

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Bitcoin Exchange Supply Hits 2018 Low as Demand Surges

The supply of Bitcoin on centralized exchanges has dropped to just 2.5 million BTC, the lowest since 2018, as investors increasingly move their holdings into private wallets. This trend, accelerated by institutional players like Fidelity, suggests a long-term ‘HODLing’ strategy rather than speculative trading. With fewer coins available for sale, reduced selling pressure and potential supply shocks could drive prices higher. Analysts view this as a bullish indicator, though heightened demand may also increase volatility. The market now watches closely to see if this supply crunch will fuel Bitcoin’s next major rally.

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