Ethereum price started a recovery wave above the $1,600 zone. ETH is now 
consolidating and might rally if there is a clear move above the $1,750 
resistance. Ethereum started a recovery wave above the $1,600 zone. The price 
is trading above $1,620 and the 100-hourly Simple Moving Average. There was a 
break above a key bearish trend line with resistance at $1,600 on the hourly 
chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline 
if it stays below the $1,750 zone. Ethereum Price Aims for Upside Break 
Ethereum price remained bid above the $1,500 support zone, like Bitcoin. ETH 
price formed a base and started a recovery wave above the $1,600 resistance. 
There was a break above a key bearish trend line with resistance at $1,600 on 
the hourly chart of ETH/USD. The price surpassed the 23.6% Fib retracement 
level of the downward move from the $2,005 swing high to the $1,505 swing low. 
Ethereum price is now trading above $1,620 and the 100-hourly Simple Moving 
Average. If the bulls remain in action above $1,600, the price could attempt 
another increase. Immediate resistance is seen near the $1,700 level. The 
first key resistance is near the $1,750 level or the 50% Fib retracement level 
of the downward move from the $2,005 swing high to the $1,505 swing low. The 
next major resistance is near the $1,800 level. A clear move above the $1,800 
resistance might send the price toward the $1,885 resistance. An upside break 
above the $1,885 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $1,920 resistance zone or even $2,000 
in the near term. Another Drop In ETH? If Ethereum fails to clear the $1,750 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $1,650 level. The first major support sits near the $1,620 zone. A 
clear move below the $1,620 support might push the price toward the $1,600 
support. Any more losses might send the price toward the $1,550 region. The 
main support could be $1,500. Technical Indicators Hourly MACD – The MACD for 
ETH/USD is gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for 
ETH/USD is now above the 50 zone. Major Support Level – $1,620 Major 
Resistance Level – $1,750

Ethereum price started a recovery wave above the $1,600 zone. ETH is now consolidating and might rally if there is a clear move above the $1,750 resistance. Ethereum started a recovery wave above the $1,600 zone. The price is trading above $1,620 and the 100-hourly Simple Moving Average. There was a break above a key &#8230;

Ethereum Price Mounts An Impressive Recovery As Market Mood Shifts

The US-Iran tensions risk destabilizing global energy markets and increasing 
compliance challenges in the cryptocurrency sector.
The post Iran condemns US strikes on radar facilities as ceasefire violation, 
warns of self-defense response appeared first on Crypto Briefing.

The US-Iran tensions risk destabilizing global energy markets and increasing compliance challenges in the cryptocurrency sector. The post Iran condemns US strikes on radar facilities as ceasefire violation, warns of self-defense response appeared first on Crypto Briefing.

Iran condemns US strikes on radar facilities as ceasefire violation, warns of self-defense response

Spec Kit&#8217;s spec-driven development could reshape AI coding economics by 
increasing compute costs, impacting scalability for large teams.
The post GitHub unveils Spec Kit to enhance AI coding with spec-first approach 
appeared first on Crypto Briefing.

Spec Kit&#8217;s spec-driven development could reshape AI coding economics by increasing compute costs, impacting scalability for large teams. The post GitHub unveils Spec Kit to enhance AI coding with spec-first approach appeared first on Crypto Briefing.

GitHub unveils Spec Kit to enhance AI coding with spec-first approach

SpaceX&#8217;s ambitious IPO could reshape investment landscapes, challenging 
traditional market dynamics and influencing tech sector valuations globally.
The post SpaceX targets $75B IPO, faces skepticism over multitrillion-dollar 
growth projections appeared first on Crypto Briefing.

SpaceX&#8217;s ambitious IPO could reshape investment landscapes, challenging traditional market dynamics and influencing tech sector valuations globally. The post SpaceX targets $75B IPO, faces skepticism over multitrillion-dollar growth projections appeared first on Crypto Briefing.

SpaceX targets $75B IPO, faces skepticism over multitrillion-dollar growth projections

China&#8217;s regulatory push for innovation-focused investments may reshape fund 
strategies, emphasizing long-term tech growth over speculative gains.
The post China Securities Regulatory Commission urges fund managers to support 
innovation, warns against speculation appeared first on Crypto Briefing.

China&#8217;s regulatory push for innovation-focused investments may reshape fund strategies, emphasizing long-term tech growth over speculative gains. The post China Securities Regulatory Commission urges fund managers to support innovation, warns against speculation appeared first on Crypto Briefing.

China Securities Regulatory Commission urges fund managers to support innovation, warns against speculation

Reduced US oil inventories limit flexibility in addressing supply shocks, 
potentially increasing market volatility and impacting energy security.
The post US commercial oil inventories fall to 434M barrels, lowest in 20 
years appeared first on Crypto Briefing.

Reduced US oil inventories limit flexibility in addressing supply shocks, potentially increasing market volatility and impacting energy security. The post US commercial oil inventories fall to 434M barrels, lowest in 20 years appeared first on Crypto Briefing.

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