On July 31, SEC chair Paul Atkins outlined plans to improve the regulatory 
climate surrounding the cryptocurrency industry significantly.

Project Crypto: SEC’s bullish pivot marks America’s digital finance shakeup

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Bitcoin is trading at $113,561 to $113,800 over the last hour with a market 
capitalization of $2.26 trillion. Over the past 24 hours, it recorded a 
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Bitcoin Price Watch: Bulls and Bears Clash at Key $113K Pivot

Crypto analyst Marcus Corvinus has commented on the Ethereum price crash, 
providing optimism about the altcoin’s recent decline. The analyst explained 
the current price action and suggested that this was simply a minor setback 
before another parabolic uptrend to new highs. Related Reading: XRP Set To 
Explode? Analyst Sees $5 Surge Any Moment – Details Ethereum Price Action And 
ETH’s Next Targets In an X post, Marcus Corvinus said that a hidden bullish 
power is brewing for the Ethereum price. The analyst further remarked that ETH 
is playing a smarter game than Bitcoin right now. While BTC has made lower 
lows, Corvinus claimed that ETH has held strong with higher lows. The analyst 
declared that this is not just price action but strength under pressure. The 
crypto analyst then highlighted what is unfolding for the Ethereum price. He 
noted that bearish volume has been fading since last month, which indicates 
that weak hands are drying out. Furthermore, Corvinus revealed that the Hidden 
Bullish Divergence RSI made a lower low while the price made a higher low. The 
analyst declared that this is a classic signal of a strong continuation setup. 
Meanwhile, Corvinus stated that the Relative Strength Index (RSI) is oversold, 
but still, the Ethereum price managed to hold above July’s support on two 
retests. The analyst believes that this isn’t a coincidence, which is why he 
is confident that ETH will still rally higher. He explained that ETH isn’t 
reversing but consolidating at the top, a pattern which often ends in a 
breakout to the upside. In line with this, the crypto analyst declared that 
the Ethereum price crash is not the end of the move but simply the calm before 
the next storm. He added that eyes on ETH continuation look inevitable and 
that his target of between $7,000 and $8,000 this cycle is still on track. 
According to Corvinus, the breakout isn’t a question of if but a question of 
when. ETH To At Least Retest $3,000 Before Next Leg Up In an X post, BitMEX 
co-founder Arthur Hayes suggested that the Ethereum price might still crash to 
the psychological $3,000 level before the next leg up. The crypto founder 
alluded to the Trump tariffs and weak US job data as the reason for this 
conviction. Hayes also remarked that no major economy is creating enough 
credit fast enough to boost nominal GDP. As such, he doesn’t see where 
liquidity will come from to spark a rally for the Ethereum price or other 
crypto prices. The BitMEX co-founder also expects the Bitcoin price to retest 
the psychological $100,000 level. Related Reading: Crypto Disaster: Qubetics 
Token Crashes Nearly 100%—Possible Rug Pull At the time of writing, the 
Ethereum price is trading just below the $3,500 level, down almost 5% in the 
last 24 hours, according to data from CoinMarketCap. Featured image from 
Unsplash, chart from TradingView

Ethereum Price Crash: What’s Happening And Where ETH Is Headed Next

Eric Trump&#8217;s crypto endorsements amid economic uncertainty highlight the 
growing intersection of politics and digital asset markets.
The post Eric Trump bull-posts Bitcoin, Ethereum amid tariff jitters appeared 
first on Crypto Briefing.

Cryptocurrency price in USD