Movement Foundation and Web3Port, two entities linked to WLFI, made a deal that resulted in a $38 million token dump.

WLFI-linked MOVE and Web3Port implicated in $38m token dump scandal

**Key takeaways:**
 * Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles.
 * ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally.
 * The MVRV Z-Score has entered the accumulation zone, signaling undervaluation.
Ethereum&#8217;s native token, Ether (ETH), is flashing a combination of technical 
and onchain signals once seen in the early stages of its 2017 bull run, a 
cycle that produced over 25,000% gains.
## Dragonfly doji hints ETH bulls are regaining control
Ether is flashing a rare Dragonfly Doji candlestick on its monthly chart, the 
same structure that preceded its historic 25,000% rally during the 2017 bull 
cycle.
This pattern is confirmed when the price prints a long lower wick, little to 
no upper wick, and closes at or near its opening level.
On Ether&#8217;s monthly chart, the candlestick reflects a sharp intra-month 
rejection of lower prices, suggesting that bulls are beginning to regain 
control after an extended downtrend.
_ETH/USD monthly price chart. Source: TradingView_
In December 2016, Ethereum formed a similar monthly Dragonfly doji before 
erupting from under $6 to over $1,400 in over a year. The same pattern has 
been seen, with smaller upside, in 2021 and 2023, where ETH gained over 80% 
and 145%, respectively.
If bulls confirm the signal with a strong May open, especially above April&#8217;s 
high of around $1,950, Ethereum could be primed for another multimonth rally, 
beginning with an initial run toward $2,100.
## Ethereum tests long-term parabolic support, just like in 2017
Chartist Merlijn the Trader points to Ethereum retesting its long-term 
parabolic support, (the green zone in the chart below) that has consistently 
acted as a launchpad for new uptrends.
_ETH/USD weekly price chart. Source: TradingView/Merlijn The Trader_
&#8220;In every cycle, this zone triggers a reversal &#8212; and this time is no 
different,&#8221; he wrote in his X post on April 30, adding:
&gt; &#8220;Now begins what could be Ethereum&#8217;s most explosive rally yet.&#8221;
In early 2017, ETH also bounced from this exact same parabolic trendline 
during its initial breakout phase. The trendline supported ETH throughout that 
year, fueling the vertical move to $1,400 from around $6.
_**Related:**__**Ethereum &#8216;s &#8216;capitulation&#8217; suggests ETH price is undervalued: 
Fidelity report**_
The current retest in 2025 mirrors that breakout setup, suggesting a cyclical 
pattern may be repeating.
## Onchain data points to ICO-era-style ETH accumulation sentiment
Ethereum&#8217;s MVRV Z-Score, a key onchain metric used to identify market tops and 
bottoms, has re-entered the historical accumulation zone (the green band in 
the chart below), strengthening the argument that ETH may have found its cycle 
bottom.
_Ethereum MVRV-Z Score chart. Source: Glassnode_
In past cycles, Ethereum&#8217;s MVRV Z-Score dipped into this green zone in late 
2018, March 2020, and mid-2022. All of these dips coincided with market 
bottoms and preceded multimonth to multi-year rallies.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%

Binance co-founder Changpeng &#8220;CZ&#8221; Zhao wants to provide free education for up 
to a billion children worldwide with his Giggle Academy venture, he told an 
audience at Token2049 in Dubai, United Arab Emirates (UAE).
&#8220;In a few years, I think, I want to teach 100 million or 1 billion kids for 
free,&#8221; Zhao told the audience. Giggle is a free online platform that provides 
elementary education through gamified lessons.
&#8220;With the technologies we have today, it&#8217;s not that hard to make an app that 
will stick, that&#8217;s educational, but also glues the kids to the device,&#8221; the 
crypto entrepreneur said.
_Raoul Pal pictured (left) and Binance co-founder Changpeng Zhao (right) at 
the Token2049 conference in Dubai. Source: Cointelegraph_
Giggle&#8217;s concept paper outlines the project&#8217;s goal of providing K-12 education 
globally for free by offering non-traditional educational courses in topics 
such as negotiations, finance, entrepreneurship, sales, legal, accounting, 
blockchain, and AI in phases.
In April 2024, the Binance co-founder announced he was stepping away from the 
company and focusing on educational initiatives as he prepared to serve a 
four-month prison sentence for violating US money laundering laws, which he 
completed in September 2024.
_**Related:**__**Ex-Binance CEO chides Europe over crypto adoption**_
## The growing role of generative AI in education
Zhao also discussed the heavy use of generative AI in crafting the course 
materials for Giggle Academy, a growing trend in online and traditional 
education.
In June 2023, Japan&#8217;s Ministry of Education, Culture, Sports, Science, and 
Technology announced it would allow the limited use of generative AI in 
classrooms, including ChatGPT, to aid in classroom discussion and teaching.
The KTCT Higher Secondary School in Thiruvananthapuram, Kerala, a grade school 
in India, introduced an AI-humanoid teacher to one of its classrooms in 
February 2024 as part of an early pilot program.
Andrej Karpathy, a former executive for Tesla and OpenAI, founded Eureka Labs, 
a startup dedicated to creating AI-powered teaching assistants, in July 2024.
The goal of the startup is to bring subject matter expert-level education to 
students worldwide and bypass language barriers.
&#8220;This teacher and AI symbiosis could run an entire curriculum of courses on a 
common platform. If we are successful, it will be easy for anyone to learn 
anything,&#8221; Karpathy wrote in July 2024.
_**Magazine:**__**How CZ built Binance and became the richest person in 
crypto**_

CZ aims to teach 1 billion kids through Giggle Academy — Token2049

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Phoenix Group Boosts Ethiopia Bitcoin Mining Capacity to 132 MW

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