The KOSPI&#8217;s potential surge highlights South Korea&#8217;s pivotal role in the AI- 
driven memory chip market, but geopolitical risks loom large.
The post JPMorgan raises KOSPI bull case target to 10,000 on memory chip 
supercycle appeared first on Crypto Briefing.

JPMorgan raises KOSPI bull case target to 10,000 on memory chip supercycle

Ethereum price started a fresh increase above the $2,320 zone. ETH is now 
consolidating and might struggle to continue higher above the $2,385 
resistance. Ethereum started a decent upward move from the $2,265 zone. The 
price is trading above $2,320 and the 100-hourly Simple Moving Average. There 
is a bullish trend line forming with support at $2,320 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh decline if it 
stays below the $2,300 zone. Ethereum Price Faces Hurdles Ethereum price 
remained bid above the $2,265 support zone, like Bitcoin. ETH price formed a 
base and started a recovery wave above the $2,300 resistance. The price 
surpassed the 50% Fib retracement level of the downward move from the $2,423 
swing high to the $2,265 low. The bulls even pushed the price toward $2,380. 
Besides, there is a bullish trend line forming with support at $2,320 on the 
hourly chart of ETH/USD. Ethereum price is now trading above $2,320 and the 
100-hourly Simple Moving Average. If the bulls remain in action above $2,320, 
the price could attempt another increase. Immediate resistance is seen near 
the $2,385 level or the 76.4% Fib retracement level of the downward move from 
the $2,423 swing high to the $2,265 low. The first key resistance is near the 
$2,400 level. The next major resistance is near the $2,420 level. A clear move 
above the $2,420 resistance might send the price toward the $2,480 resistance. 
An upside break above the $2,480 region might call for more gains in the 
coming days. In the stated case, Ether could rise toward the $2,550 resistance 
zone or even $2,565 in the near term. Another Drop In ETH? If Ethereum fails 
to clear the $2,385 resistance, it could start a fresh decline. Initial 
support on the downside is near the $2,320 level. The first major support sits 
near the $2,300 zone. A clear move below the $2,300 support might push the 
price toward the $2,265 support. Any more losses might send the price toward 
the $2,220 region. The main support could be $2,200. 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 
– $2,300 Major Resistance Level – $2,385

Ethereum Price Tries To Extend Gains, $2,420 Stands In The Way

Heightened US-Iran tensions could destabilize the Middle East, impacting 
global oil prices and increasing geopolitical risks.
The post Trump rejects Iran ceasefire, escalating US-Iran tensions appeared 
first on Crypto Briefing.

Trump rejects Iran ceasefire, escalating US-Iran tensions

Strategy President and CEO Phong Le said the company’s value extends beyond 
its bitcoin holdings because of its enterprise software operations, compliance 
infrastructure, and global scale. Strategy reported its strongest software 
quarter in a decade, including 59% cloud revenue growth and more than 3,000 
customers worldwide. Why Strategy Says Its Value Extends Beyond Bitcoin 
Holdings […]

Why Is Strategy Valuable? CEO Says MSTR Is More Than Its BTC Holdings

Bitcoin price started a fresh increase and cleared the $81,500 zone. BTC is 
consolidating and might aim for more gains above the $82,450 level. Bitcoin 
managed to stay above $79,200 and started a fresh increase. The price is 
trading above $80,750 and the 100 hourly simple moving average. There is a 
bullish trend line forming with support at $80,800 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays 
above the $80,800 and $80,000 levels. Bitcoin Price Turns Positive Bitcoin 
price found support near $79,200 and started a fresh increase. BTC gained pace 
for a move above the $79,750 and $80,200 resistance levels. The bulls even 
pushed the price above $82,000. A high was formed at $82,436, and the price 
started a consolidation phase. There was a minor decline toward the 23.6% Fib 
retracement level of the upward move from the $79,168 swing low to the $82,436 
high. Bitcoin is now trading above $80,750 and the 100 hourly simple moving 
average. There is also a bullish trend line forming with support at $80,800 on 
the hourly chart of the BTC/USD pair. If the price remains stable above 
$80,500, it could attempt a fresh increase. Immediate resistance is near the 
$82,000 level. The first key resistance is near the $82,450 level. A close 
above the $82,450 resistance might send the price further higher. In the 
stated case, the price could rise and test the $83,200 resistance. Any more 
gains might send the price toward the $84,000 level. The next barrier for the 
bulls could be $85,000. Downside Correction In BTC? If Bitcoin fails to rise 
above the $82,000 resistance zone, it could start another decline. Immediate 
support is near the $80,800 level and the trend line. The first major support 
is near the $80,400 level or the 61.8% Fib retracement level of the upward 
move from the $79,168 swing low to the $82,436 high. The next support is now 
near the $79,950 zone. Any more losses might send the price toward the $79,250 
support in the near term. The main support now sits at $78,500, below which 
BTC might struggle to recover 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 – $80,800, followed by $80,000. Major Resistance Levels – $82,000 and 
$82,450.

Bitcoin Price Gains Renewed Strength, Market Eyes Bullish Breakout

Private-credit firms may face increased financial strain as declining yields 
and potential higher defaults challenge their profitability.
The post Private-credit firms report decline in returns amid Fed rate cuts 
appeared first on Crypto Briefing.

JPMorgan raises KOSPI bull case target to 10,000 on memory chip supercycle

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