Ethereum price started a major increase above the $3,320 resistance. ETH is 
now consolidating gains and might dip toward the $3,280 zone. Ethereum started 
a downside correction after a major rally to $3,400. The price is trading 
above $3,300 and the 100-hourly Simple Moving Average. There is a bullish 
trend line forming with support at $3,280 on the hourly chart of ETH/USD (data 
feed via Kraken). The pair could continue to move up if it stays above the 
$3,280 zone. Ethereum Price Climbs To $3,400 Ethereum price remained stable 
above $3,220 and started a fresh increase, like Bitcoin. ETH price rallied 
above the $3,250 and $3,320 resistance levels. The bulls even pumped the price 
above $3,350. A high was formed at $3,402, and the price is now correcting 
some gains. There was a minor decline below $3,350 and the 23.6% Fib 
retracement level of the recent wave from the $3,061 swing low to the $3,402 
high. Ethereum price is now trading above $3,300 and the 100-hourly Simple 
Moving Average. There is also a bullish trend line forming with support at 
$3,280 on the hourly chart of ETH/USD. If the bulls can protect more losses 
below $3,280, the price could attempt another increase. Immediate resistance 
is seen near the $3,350 level. The first key resistance is near the $3,380 
level. The next major resistance is near the $3,400 level. A clear move above 
the $3,400 resistance might send the price toward the $3,500 resistance. An 
upside break above the $3,500 region might call for more gains in the coming 
days. In the stated case, Ether could rise toward the $3,550 resistance zone 
or even $3,650 in the near term. Another Decline In ETH? If Ethereum fails to 
clear the $3,400 resistance, it could start a fresh decline. Initial support 
on the downside is near the $3,300 level. The first major support sits near 
the $3,280 zone and the trend line. A clear move below the $3,280 support 
might push the price toward the $3,230 support and the 50% Fib retracement 
level of the recent wave from the $3,061 swing low to the $3,402 high. Any 
more losses might send the price toward the $3,200 region. Technical 
Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the 
bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above the 50 zone. Major 
Support Level – $3,280 Major Resistance Level – $3,400

Ethereum Price Upside Bid Fades, Can Bulls Hold the Line?

Senate Banking Committee Chairman Tim Scott says further negotiations to 
garner bipartisan support for a key crypto-regulating bill are needed before 
it can advance.

US Senate Banking cancels Thursday crypto bill markup amid negotiations

Bitcoin has pushed above the $95,000 level for the first time since mid- 
November, reigniting debate across the market. For some analysts, this move 
represents a constructive breakout that confirms underlying strength after 
weeks of consolidation. For others, the rally is viewed with caution, framed 
as a classic relief move occurring within a broader corrective or bearish 
structure. With sentiment split and volatility compressed, the market is once 
again searching for confirmation rather than direction alone. Related Reading: 
Bitcoin LTH SOPR Signals Early Capitulation, But Selling Pressure Remains 
Contained Adding an important layer to this discussion, an analysis by 
Darkfost highlights a notable shift beneath the surface: OG Bitcoin activity 
has dropped sharply. OGs—holders whose coins have remained dormant for several 
years—have historically played a key role during major cycle transitions, 
often distributing aggressively near macro tops. During this cycle, their 
activity surged earlier, coinciding with strong institutional demand and 
elevated prices. However, recent data shows that this selling pressure has 
slowed significantly. This decline in OG spending suggests that long-dormant 
holders are no longer actively distributing into strength, reducing a major 
source of structural sell pressure. While this does not guarantee immediate 
upside continuation, it changes the risk profile of the current move. With 
fewer legacy holders selling, price action above $95K is now being shaped more 
by marginal demand and derivatives positioning than by long-term distribution, 
making the next phase especially critical to monitor. OG Selling Pressure 
Fades as Long-Dormant Coins Go Quiet Darkfost’s analysis uses UTXO behavior to 
understand how long-term holders are acting beneath the surface. UTXOs, which 
track when and how previously unspent Bitcoin is moved, provide a reliable way 
to identify activity from OG holders—coins that have remained dormant for 
several years. When these coins move, it usually signals intentional 
distribution rather than short-term speculation. Earlier in this cycle, OG 
activity was unusually elevated. Long-held coins were spent at levels well 
above those seen in the previous cycle, coinciding with a favorable 
environment for distribution. Institutional inflows, spot ETFs, and even 
government-linked demand created deep liquidity conditions that allowed legacy 
holders to sell without destabilizing the price. That window appears to be 
closing. Recent data shows a clear shift. Spikes in OG spending during local 
price peaks have become smaller and less frequent. The rolling average of 
spent older outputs has fallen materially from prior highs, indicating that 
the heaviest phase of long-term distribution is likely behind us. This does 
not imply that OGs have turned aggressively bullish, but it does suggest 
reduced urgency to sell. From a market structure perspective, declining OG 
selling pressure removes a major overhead supply source. With fewer long- 
dormant coins entering circulation, price action becomes increasingly 
dependent on short-term demand dynamics and derivatives positioning. This 
transition often precedes either consolidation or trend continuation, making 
OG inactivity a quietly constructive signal rather than an outright bullish 
trigger. Related Reading: Bitcoin Short-Term Holders Near A Profit Flip: A Key 
Level Comes Into Focus Bitcoin Tests Key Resistance After Short-Term Breakout 
Bitcoin has pushed back above the $95,000 level after weeks of consolidation, 
marking a notable short-term breakout. On this daily chart, price has 
reclaimed the descending short-term moving average and is now testing a former 
resistance zone that previously acted as support during September and October. 
This area around $95K–$96K is technically significant, as it coincides with 
prior range lows and a visible supply cluster. The rebound follows a sharp 
corrective phase in November, where BTC printed a local bottom near the 
mid-$80,000 region. Since then, price action has formed a series of higher 
lows, suggesting an improving short-term structure. Volume remains moderate, 
indicating that this move is not driven by aggressive speculation, but rather 
by steady spot demand and short covering. Related Reading: Trump-Powell 
Conflict Fuels Volatility While Retail Sells Bitcoin At A Loss – Details 
However, Bitcoin still trades below its longer-term moving averages, which 
continue to slope downward. This implies that, despite the recent strength, 
the broader trend has not yet fully flipped bullish. A sustained hold above 
$95,000 would take it into the $98,000–$100,000 zone. A level where stronger 
resistance and prior breakdown zones sit. Failure to consolidate above current 
levels could result in another retest of the $90,000–$92,000 support range. 
The chart reflects a transition phase: momentum is improving, but confirmation 
will depend on follow-through and acceptance above this critical resistance 
area. Featured image from ChatGPT, chart from TradingView.com v

OG Bitcoin Selling Slows Sharply: Long-Dormant Coins Go Quiet

The decision to retain Powell amid the investigation may impact perceptions of 
Fed independence and influence future monetary policy dynamics.
The post US government confirms no plan to remove Fed Chair Powell despite 
ongoing investigation appeared first on Crypto Briefing.

US government confirms no plan to remove Fed Chair Powell despite ongoing investigation

Bitcoin price started a fresh increase above $95,500. BTC is trading above 
$96,000 and might soon aim for a move to $100k in the near term. Bitcoin 
started a decent increase above $94,000 and $95,500. The price is trading 
above $95,000 and the 100 hourly Simple moving average. There is a bullish 
trend line forming with support at $95,250 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might continue to move up if it stays 
above the $95,000 zone. Bitcoin Price Breaks Key Resistance Bitcoin price 
managed to stay above the $92,500 support and started a fresh increase. BTC 
was able to settle above $94,000 and $95,000. The bulls were able to push the 
price above $95,500. Finally, the price spiked above $97,000. A high was 
formed at $97,898, and the price is now consolidating gains above the 23.6% 
Fib retracement level of the recent wave from the $89,995 swing low to the 
$97,898 high. Bitcoin is now trading above $96,000 and the 100 hourly Simple 
moving average. If the price remains stable above $95,500, it could attempt a 
fresh increase. Immediate resistance is near the $97,200 level. The first key 
resistance is near the $97,800 level. The next resistance could be $98,000. A 
close above the $98,000 resistance might send the price further higher. In the 
stated case, the price could rise and test the $98,800 resistance. Any more 
gains might send the price toward the $99,500 level. The next barrier for the 
bulls could be $99,800 and $100,000. Another Drop In BTC? If Bitcoin fails to 
rise above the $97,200 resistance zone, it could start another decline. 
Immediate support is near the $96,000 level. The first major support is near 
the $95,250 level and the trend line. The next support is now near the $94,000 
zone or the 50% Fib retracement level of the recent wave from the $89,995 
swing low to the $97,898 high. Any more losses might send the price toward the 
$93,000 support in the near term. The main support sits at $92,500, below 
which BTC might accelerate lower in the near term. Technical indicators: 
Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. 
Major Support Levels – $96,000, followed by $95,250. Major Resistance Levels – 
$97,200 and $97,800.

Cryptocurrency price in GBP