UMA surged 26.54% from a high-confluence support area, catching traders&#8217; attention with a sharp bullish move. However, after rejecting from local resistance at $1.80, the focus now shifts to whether bulls can defend support for continuation—or risk a full retrace…

UMA price pumps 26.54%, critical support zone must hold or risk full retrace

The price of bitcoin barreled past the $110,000 mark, notching an intraday 
peak of $110,587 per coin. With that move, the top digital currency now 
commands a market cap of $2.19 trillion—taking up 63.8% of the $3.44 trillion 
crypto economy. At the time of writing, at 7:30 p.m. Eastern time, bitcoin is 
changing hands for […]

Bitcoin Taps $110K as Crypto Market Erupts With Billions in Fresh Volume

Evita Pay founder Iurii Gugnin has been accused of using sanctioned Russian 
banks to launder millions into the US, with the funds used in part to 
undermine American interests.

Crypto exec ran a ‘covert pipeline for dirty money,’ DOJ says

Ethereum has pulled back roughly 14% since the last week of May, but it’s 
holding firm above the critical $2,400 support zone. Despite recent volatility 
across the crypto market, ETH’s ability to defend this level has kept hopes 
alive for a potential recovery. Analysts are closely watching Ethereum’s next 
move, as the asset still trades well below its yearly highs, offering room for 
upside if momentum returns. Related Reading: Ethereum Consolidates Below 
$2,800 – Bulls Need This Level To Trigger Next Leg Up Since the start of the 
year, Ethereum has faced steep declines and inconsistent follow-through on 
bullish setups. However, many believe ETH is now positioned to recover lost 
ground — if bulls can reclaim the $2,800 resistance and flip it into support. 
A breakout above that level would likely open the door for a broader altcoin 
rally. Top analyst Big Cheds weighed in on the current structure, noting that 
Ethereum’s weekly chart printed its fourth small-bodied candle in a row — a 
classic sign of indecision. According to Cheds, ETH “still looks pre-tower 
top,” suggesting a potential trend shift may be forming. Ethereum Holds Ground 
As Bulls Face Critical Resistance Ethereum has managed to hold strong above 
key support levels despite several weeks of market-wide pullback and 
volatility. Trading above the $2,400–$2,500 zone, ETH has shown resilience 
while many altcoins have lost momentum. This range has become a critical 
battleground, with bulls now needing a clean breakout above the $2,800 mark to 
confirm a return to a bullish phase and potentially kick off the next leg 
higher. But while the technical structure remains intact for now, 
macroeconomic headwinds are building. US Treasury yields continue to rise as 
markets brace for prolonged high interest rates, signaling tighter financial 
conditions ahead. Combined with ongoing geopolitical uncertainty and sluggish 
global growth expectations, these factors continue to weigh heavily on risk 
assets, including crypto. Adding to the cautious tone, top analyst Big Cheds 
recently highlighted Ethereum’s weakening weekly momentum. According to Cheds, 
ETH is heading for its fourth consecutive small-bodied weekly candle — a 
signal of indecision that typically precedes major moves. He notes that the 
current setup looks pre-tower top, a classic bearish formation that often 
marks exhaustion at the top of a trend before a sharp reversal. This puts 
Ethereum at a critical juncture. A decisive breakout above $2,800 would 
invalidate the bearish scenario and strengthen the case for recovery toward 
the $3,000–$3,200 range. On the other hand, continued weakness and a failure 
to gain traction could trigger renewed selling pressure, especially if macro 
conditions worsen. As Ethereum trades within a tightening range, the next few 
weeks will be crucial. Whether bulls can flip resistance or bears regain 
control will likely determine the direction for ETH and the broader altcoin 
market heading into Q3. Related Reading: Bitcoin And Ethereum Defend Key 
Moving Averages – Bullish Signal Or Temporary Relief? ETH Reclaims Short-Term 
Support But Faces Overhead Pressure Ethereum is trading at $2,539 on the 
4-hour chart, showing a modest rebound of +1.86% on the day. After briefly 
dipping below its 200 SMA ($2,511), ETH has reclaimed this key level and is 
now pushing toward the cluster of shorter-term moving averages — including the 
34 EMA ($2,528), 50 SMA ($2,543), and 100 SMA ($2,565). This area represents 
immediate resistance, and how ETH reacts here will likely determine the next 
short-term trend. Since early May, ETH has been trading in a wide 
consolidation range between $2,400 and $2,800. The recent price action 
suggests ongoing indecision, with lower highs forming and strong support 
holding near the 200 SMA. Volume remains relatively muted, indicating a lack 
of strong directional conviction. Related Reading: Solana Key Indicator 
Flashes Buy Signal On Daily Chart – Rally Ahead? For bulls, reclaiming and 
holding above the 100 SMA is crucial for breaking out of the current range and 
targeting the $2,700–$2,800 region. On the downside, a loss of the 200 SMA 
could lead to a swift retest of $2,430 and potentially deeper downside. 
Featured image from Dall-E, chart from TradingView

Ethereum Weekly Structure Tightens – Tower Top Pattern In Play?

Crypto infrastructure company Turnkey announced a $30 million Series B funding 
round on June 9, 2025. Crypto Infrastructure Firm Turnkey Secures Fresh 
Funding On Monday, the firm&#8217;s boss Bryce Ferguson disclosed that Bain Capital 
Crypto led the investment. Additional participants in Turnkey&#8217;s funding 
included Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Variant, and 
Wintermute Ventures. This […]

Bain Capital Crypto Leads $30M Investment in Turnkey

Paul Atkins called the right to self-custody a “foundational American value” 
when addressing regulators and industry leaders discussing DeFi.