Swalwell&#8217;s resignation highlights potential instability in Congress, 
influencing prediction markets and prompting scrutiny of other members.
The post Eric Swalwell resigns from Congress amid misconduct allegations 
appeared first on Crypto Briefing.

Eric Swalwell resigns from Congress amid misconduct allegations

Bitcoin price started a fresh surge and cleared the $74,500 zone. BTC is 
consolidating and might aim for more gains above the $75,000 level. Bitcoin 
managed to stay above $73,500 and started a fresh increase. The price is 
trading above $74,000 and the 100 hourly simple moving average. There is a 
declining channel forming with resistance at $75,000 on the hourly chart of 
the BTC/USD pair (data feed from Kraken). The pair might extend gains if it 
stays above the $73,650 and $73,300 levels. Bitcoin Price Aims for Steady 
Gains Bitcoin price found support near $73,000 and started a fresh increase. 
BTC gained pace for a move above the $73,500 and $73,650 resistance levels. 
The last swing high was formed at $76,088 before there was a downside 
correction. The price dipped below $74,000. It even spiked below the 38.2% Fib 
retracement level of the upward move from the $70,518 swing low to the $76,088 
high. Bitcoin is now trading above $74,000 and the 100 hourly simple moving 
average. There is also a declining channel forming with resistance at $75,000 
on the hourly chart of the BTC/USD pair. If the price remains stable above 
$73,650, it could attempt a fresh increase. Immediate resistance is near the 
$75,000 level. The first key resistance is near the $75,500 level. A close 
above the $75,500 resistance might send the price further higher. In the 
stated case, the price could rise and test the $76,000 resistance. Any more 
gains might send the price toward the $77,500 level. The next barrier for the 
bulls could be $78,000. Another Decline In BTC? If Bitcoin fails to rise above 
the $75,500 resistance zone, it could start another decline. Immediate support 
is near the $74,250 level. The first major support is near the $73,650 level. 
The next support is now near the $73,300 zone or the 50% Fib retracement level 
of the upward move from the $70,518 swing low to the $76,088 high. Any more 
losses might send the price toward the $72,650 support in the near term. The 
main support now sits at $72,000, below which BTC might struggle to recover in 
the near term. Technical indicators: Hourly MACD – The MACD is now gaining 
pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for 
BTC/USD is now above the 50 level. Major Support Levels – $73,650, followed by 
$73,300. Major Resistance Levels – $75,000 and $76,000.

Bitcoin Price Targets $75K Break, Is a New Rally Incoming?

Monetary policy expectations are increasingly tied to a potential Federal 
Reserve leadership shift, with major implications for liquidity and risk 
assets. Kraken’s chief economist outlined scenarios that could reshape crypto 
markets under varying degrees of policy easing. Key Takeaways: Kraken outlines 
three Fed scenarios that could steer crypto market direction. Warsh-led policy 
shifts may boost […]

3 Paths Ahead: Kraken Maps Warsh-Led Fed Scenarios That Could Shift Crypto out of Range

A crypto analyst has highlighted how the last three golden crosses in the 
Ethereum MACD led into significant price rallies. This signal has now appeared 
again. Ethereum MACD Has Just Seen A Potential Golden Cross In a new post on 
X, analyst Ali Martinez has shared a technical analysis (TA) signal forming in 
the 1-week price of Ethereum. The signal in question is related to the Moving 
Average Convergence/Divergence (MACD), a technical indicator that&#8217;s generally 
used for identifying buying and selling points for an asset. Related Reading: 
USDT, USDC Activity Drops To Lowest Level Of 2026 On Ethereum It involves two 
trendlines. The first, called the MACD line, tracks the difference between the 
12-period and 26-period exponential moving averages (MAs) for the asset&#8217;s 
price. Meanwhile, the other level, known as the signal line, is the 9-period 
EMA of the MACD line. Interactions between the two trendlines of the MACD 
indicator may provide hints about where the asset could be headed next; a 
surge from the MACD line above the signal line can be a sign that a bullish 
market shift may be occurring. On the other hand, the reverse crossover can be 
a bearish signal. Now, here is the chart shared by Martinez that shows the 
trend in the MACD for the weekly price of Ethereum over the last couple of 
years: In the graph, the histogram tracks the distance between the indicator&#8217;s 
trendlines. Earlier, this histogram was in the negative territory, indicating 
that the Ethereum MACD line was trading under the signal line. Recently, 
however, the metric has just turned into the positive zone, implying a bullish 
crossover may be forming. The analyst has highlighted in the chart what 
happened the last few times that the MACD formed this type of crossover for 
the cryptocurrency&#8217;s weekly price. &#8220;The last three times the MACD printed a 
golden cross on Ethereum $ETH, the price surged 130%, 74%, and 98%,&#8221; explained 
Martinez. It now remains to be seen whether the signal in the indicator will 
hold for Ethereum this time, and if a rally anywhere close to the level of the 
last few ones will follow. Related Reading: Bitcoin Whales Ramp Up 
Accumulation: Holdings Hit 2-Month High In some other news, ETH&#8217;s latest surge 
has meant that its price has reclaimed a key cost basis level, as on-chain 
analytics firm Glassnode has pointed out in an X post. As displayed in the 
above graph, Ethereum has surged above the cost basis of the buyers from 1 to 
3 months ago, but it still remains below the acquisition level of the 3 to 6 
months old investors. &#8220;So far, this structure is consistent with a bear market 
relief rally, comparable to the bounces observed in Q3-Q4 2022, rather than a 
structural trend reversal,&#8221; noted Glassnode. ETH Price Ethereum closed in on 
the $2,400 level on Tuesday, but its price has since retraced to $2,320. 
Featured image from Dall-E, chart from TradingView.com

Ethereum MACD Flashes Golden Cross—Price Surged 74%+ Last 3 Times

Increased Bitcoin exchange inflows may hinder price growth, reflecting market 
skepticism amid macroeconomic and geopolitical challenges.
The post Bitcoin exchange inflows hit 11K BTC/hour as price reaches $76K 
resistance appeared first on Crypto Briefing.

Cryptocurrency price in MXN