Ethereum price started a fresh decline and traded below $2,050. ETH is now 
consolidating above $2,000 and might struggle to recover. Ethereum remained in 
a bearish zone after a fresh decline below $2,080. The price is trading below 
$2,050 and the 100-hourly Simple Moving Average. There is a bearish trend line 
forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed 
via Kraken). The pair could continue to move down if it stays below the $2,090 
zone. Ethereum Price Consolidates Losses Ethereum price failed to remain 
stable above $2,100 and started a fresh decline, like Bitcoin. ETH price 
dipped below the $2,080 and $2,065 levels. The price even traded below $2,050. 
A low was formed at $2,009, and the price is now showing many bearish signs 
and is well below the 23.6% Fib retracement level of the downward move from 
the $2,138 swing high to the $2,009 low. Besides, there is a bearish trend 
line forming with resistance at $2,040 on the hourly chart of ETH/USD. 
Ethereum price is now trading below $2,030 and the 100-hourly Simple Moving 
Average. If the bulls remain in action above $2,000, the price could attempt 
another increase. Immediate resistance is seen near the $2,040 level. The 
first key resistance is near the $2,060 level. The next major resistance is 
near the $2,090 level or the 61.8% Fib retracement level of the downward move 
from the $2,138 swing high to the $2,009 low. A clear move above the $2,090 
resistance might send the price toward the $2,120 resistance. An upside break 
above the $2,120 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $2,150 resistance zone or even $2,200 
in the near term. More Downside In ETH? If Ethereum fails to clear the $2,090 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $2,000 level. The first major support sits near the $1,965 zone. A 
clear move below the $1,920 support might push the price toward the $1,880 
support. Any more losses might send the price toward the $1,840 region. The 
main support could be $1,750. Technical Indicators Hourly MACD – The MACD for 
ETH/USD is gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for 
ETH/USD is now below the 50 zone. Major Support Level – $2,000 Major 
Resistance Level – $2,090

Ethereum price started a fresh decline and traded below $2,050. ETH is now consolidating above $2,000 and might struggle to recover. Ethereum remained in a bearish zone after a fresh decline below $2,080. The price is trading below $2,050 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at &#8230;

Ethereum Price Struggles Near Key Levels As Market Sentiment Weakens

AI tools at YC empower non-tech users to manage complex data, bridging the gap 
in modern practices.
The post Pete Koomen: AI as a foundational layer enhances organizational intelligence, empowering finance teams with internal tools, and LLMs democratizing data access for non-technical users | Y Combinator Startup Podcast appeared first on Crypto Briefing.

AI tools at YC empower non-tech users to manage complex data, bridging the gap in modern practices. The post Pete Koomen: AI as a foundational layer enhances organizational intelligence, empowering finance teams with internal tools, and LLMs democratizing data access for non-technical users | Y Combinator Startup Podcast appeared first on Crypto Briefing.

Pete Koomen: AI as a foundational layer enhances organizational intelligence, empowering finance teams with internal tools, and LLMs democratizing data access for non-technical users | Y Combinator Startup Podcast

Within the first 10 hours of launch, the Kraken Earn BTC Vault raked in $30 
million worth of Bitcoin deposits from 4,000 unique wallets.

Within the first 10 hours of launch, the Kraken Earn BTC Vault raked in $30 million worth of Bitcoin deposits from 4,000 unique wallets.

Kraken rolls out Bitcoin vault product for holders to earn yield

Data shows the Bitcoin Funding Rate for the perpetual futures market has 
turned positive recently, a sign that bullish positions are dominating. 
Bitcoin Funding Rates Have Been Green Recently In a new post on X, analytics 
firm Glassnode has discussed the latest trend in the Bitcoin Funding Rate. 
This metric measures the average amount of periodic fees that perpetual 
futures traders are paying each other on the various centralized exchanges 
right now. Related Reading: Chainlink Whales Are Accumulating: Wallets Hit New 
All-Time High When the value of this indicator is positive, it means long 
contract holders are paying a premium to the short investors. Such a trend 
implies a bullish sentiment is dominant in the market. On the other hand, the 
metric being below zero suggests a bearish mentality may be shared by the 
majority of futures market traders, as shorts are outweighing the longs. Now, 
here is the chart shared by Glassnode that shows the trend in the Bitcoin 
Funding Rate over the last few months: As displayed in the above graph, the 
Bitcoin Funding Rate dipped into the negative territory as the cryptocurrency 
recovered during April and the first half of May. April in particular saw 
significant negative spikes in the indicator, implying a heavy bias toward 
short positioning. Since these bets went against the price trend, they ended 
up getting liquidated as the cryptocurrency marched higher. The market bias 
began to shift in mid-May, with the average Funding Rate reversing into the 
green zone. Today, the indicator is sitting at a notable positive level, 
suggesting that investors are betting on a bullish outcome for the 
cryptocurrency. Interestingly, this bias toward long positions has been 
maintained despite the fact that Bitcoin has retraced some of its recovery. 
One pullback has come in the last 24 hours, and since there has been an excess 
of long positions, a significant amount of liquidations related to them have 
followed, according to data from CoinGlass. From the above heatmap, it&#8217;s 
visible that Bitcoin-related positions have suffered a total of $104 million 
in liquidations over the past day. Out of these, more than $85 million of the 
contracts involved have been bullish bets. Related Reading: Render Jumps 30% 
As Key On-Chain Metrics Break Out If the current market trajectory continues 
in the near future, it&#8217;s possible that more long liquidations could follow, 
considering the current high value on the Funding Rate. A sharp enough decline 
could even trigger a long squeeze, a volatile event where a cascade of bullish 
liquidations is unleashed. It only remains to be seen, though, how the market 
will develop. BTC Price Bitcoin is back at the $75,900 mark following its 
latest pullback. Featured image from Dall-E, chart from TradingView.com

Data shows the Bitcoin Funding Rate for the perpetual futures market has turned positive recently, a sign that bullish positions are dominating. Bitcoin Funding Rates Have Been Green Recently In a new post on X, analytics firm Glassnode has discussed the latest trend in the Bitcoin Funding Rate. This metric measures the average amount of &#8230;

Bitcoin Pulls Back, But Futures Traders Turn Bullish: Long Squeeze Setup?

Centralizing software procurement could streamline defense operations, reduce 
costs, and set a precedent for future government IT contracts.
The post Pentagon awards Microsoft $9.7B deal to centralize software licenses 
appeared first on Crypto Briefing.

Centralizing software procurement could streamline defense operations, reduce costs, and set a precedent for future government IT contracts. The post Pentagon awards Microsoft $9.7B deal to centralize software licenses appeared first on Crypto Briefing.

Pentagon awards Microsoft $9.7B deal to centralize software licenses

TSMC&#8217;s profit-sharing boost may attract top talent but could strain resources 
if growth slows, impacting dividends and long-term investments.
The post TSMC CEO C.C. Wei announces over 30% profit-sharing increase for 
staff appeared first on Crypto Briefing.

TSMC&#8217;s profit-sharing boost may attract top talent but could strain resources if growth slows, impacting dividends and long-term investments. The post TSMC CEO C.C. Wei announces over 30% profit-sharing increase for staff appeared first on Crypto Briefing.

Ethereum Price Struggles Near Key Levels As Market Sentiment Weakens

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