Bitcoin price surged to a record high this week, supported by rising institutional demand and falling supply on exchanges and over-the-counter markets. Bitcoin (BTC) was trading at around $111,500 Thursday afternoon, up 4.2% over the past 24 hours. Despite Bitcoin’s…

Strategy stock continues to stall despite Bitcoin’s surge to record high

U.S. stocks ended mixed Thursday as markets digested the House’s narrow 
approval of President Trump’s massive tax-and-spending package. The S&amp;P 500 
dipped 0.04%, the Dow Jones Industrial Average was flat, and the Nasdaq 
Composite rose 0.28%. The legislation—projected by the…

Dow Jones seesaws, ends flat as Bitcoin hits new all-time high

An Australian regulator announced plans to seek special leave from the High 
Court to appeal a recent ruling that determined cryptocurrency firm Block 
Earner’s offering was not a financial product. ASIC Seeks Definitive Ruling on 
What Constitutes a Financial Product The Australian Securities and Investments 
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Australian Regulator Appeals Ruling on Block Earner Crypto Offering

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Ethereum is gaining momentum as optimism returns to the crypto market. With 
Bitcoin officially entering price discovery and surging past its all-time 
highs, attention is turning toward ETH, which is now testing critical 
resistance levels. Ethereum has gained over 55% since early May, riding the 
wave of broader market strength and renewed investor confidence. However, 
despite the impressive recovery, ETH still lags behind Bitcoin’s pace and has 
yet to reclaim its 2021 highs. Related Reading: Litecoin Eyes $117.50 As Price 
Rebounds From Key Support – Analyst Top analyst Daan shared a technical view 
highlighting that Ethereum has been chopping around the $2,400–$2,600 zone 
since its explosive move earlier this month. This range-bound price action 
signals indecision, as buyers remain active but haven’t yet triggered a 
breakout. Daan notes that although Bitcoin is showing strong leadership with 
its push into new highs, Ethereum’s performance in this phase has been more 
muted. Still, the setup remains constructive for bulls. The $2,400 level has 
acted as solid support, while resistance above $2,800 remains the next target 
to clear for continuation. As Bitcoin continues to lead, ETH could be next in 
line to surge—if it can escape this range and follow BTC’s lead into a new leg 
higher. All eyes are now on Ethereum’s next move. Ethereum Prepares For A 
Breakout As Altcoins Enter The Spotlight As Bitcoin surged to a new all-time 
high above $111K, the broader crypto market appears to be entering a fresh 
phase of momentum, one that could drive massive gains across altcoins. Among 
them, Ethereum remains in a critical position. While ETH hasn’t followed BTC’s 
breakout just yet, it’s holding firmly above support and showing signs of 
building strength. To confirm a bullish continuation, ETH needs to break 
decisively above resistance and lead the altcoin rally. Daan shared a 
technical view highlighting that ETH has been consolidating between the $2,400 
and $2,600 levels since its last squeeze higher. Despite Bitcoin’s explosive 
move, Ethereum is once again lagging, a dynamic that’s been reflected in a 
cooling ETH/BTC ratio. This underperformance has sparked debate among traders, 
with many waiting for ETH to catch up and drive the next altseason. Daan 
emphasized that the $2,500 zone has been well-defended by bulls, but ETH has 
yet to produce a convincing breakout. The key resistance level to watch is 
$2,850—clearing it would mark a technical shift toward higher highs. On the 
flip side, if ETH falls below $2,100, it could trigger a broader pullback. For 
now, ETH remains range-bound but poised, with market sentiment growing more 
optimistic by the day. Related Reading: Solana Multi-Year Uptrend Holds Strong 
– Analyst Sees SOL Breaking ATH This Year ETH Tests Critical Price Levels 
Ethereum is showing signs of renewed strength on the 4-hour chart, trading 
around $2,668 at the time of writing. After weeks of consolidation in the 
$2,400–$2,600 range, ETH has pushed toward the upper boundary of this zone, 
hinting at a possible breakout. The recent bounce from support around $2,450 
has been strong, with consecutive green candles and rising volume signaling 
increasing bullish momentum. The 200-period SMA and EMA, currently at $2,077 
and $2,1,99 respectively, are well below the current price, confirming a 
bullish market structure. ETH has held above both moving averages since early 
May, and the current price action appears to be building up pressure for a 
decisive move. Related Reading: Dogecoin Momentum Fades – Analyst Expects 
$0.213 Retest However, ETH must now break above $2,700 convincingly to confirm 
a breakout and signal a continuation toward higher resistance at $2,850 and 
beyond. This level has been tested multiple times, but sellers continue to 
defend it. A breakout could trigger a rapid move to $3,000, while failure to 
hold current levels could drag ETH back toward its previous support. Featured 
image from Dall-E, chart from TradingView

Ethereum Consolidates Above $2,500 While BTC Leads the Charge – Key Levels To Watch

Bitcoin rallied past its previous all-time high in the USD and USDT markets on 
Wednesday and extended gains on Thursday, climbing to a peak of $111,880. 
Bitcoin’s breakout failed to usher euphoria among traders and the reaction on 
derivatives traders was muted, relative to previous BTC price rallies.