Amazon joins a growing list of tech companies shifting to nuclear power to meet the energy-intensive needs of artificial intelligence.

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This article first appeared in Miner Weekly, Blocksbridge Consulting’s weekly 
newsletter curating the latest news in bitcoin mining and data analysis from 
Theminermag. American Bitcoin Corp (ABTC), the new proprietary Bitcoin mining 
carve-out from Hut 8, backed by Eric Trump and Donald Trump Jr., is taking 
shape as it prepares to go public. The company […]

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Vietnam has passed a sweeping digital technology law that legalizes crypto 
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Ethereum is trading at a critical juncture after intense volatility rocked the 
broader market following renewed conflict in the Middle East. After pushing 
above the $2,800 resistance earlier this week, ETH bulls appeared to regain 
control. However, the price action failed to hold above that level, pulling 
back sharply and signaling hesitation among market participants. Related 
Reading: Whales Dump Over 270 Million Cardano In One Week – Bearish Signal Or 
Shakeout? This retracement comes as macroeconomic and geopolitical tensions 
rise, particularly after Israel’s strike on Iran triggered widespread risk-off 
sentiment across global assets. Ethereum, often seen as a high-beta asset, has 
not been immune to the turbulence. Despite this, it continues to hover near 
important technical zones, maintaining the potential for a larger move in 
either direction. Top analyst Big Cheds weighed in on the situation, 
highlighting a notable technical pattern: ETH is flexing another small body 
with an upper shadow on the weekly chart. This suggests indecision and 
potential weakness at the top, although the structure is not yet fully 
compromised. The next few daily candles could be pivotal in defining 
Ethereum’s short-term trend. Bulls must reclaim $2,800 with conviction to re- 
establish momentum, while further downside could open the door for a deeper 
correction toward previous consolidation zones. Ethereum Holds Range As Market 
Awaits Next Move Ethereum has lost over 15% since last Wednesday, retracing 
from local highs near $2,830 and falling back into the trading range that has 
held since early May. Despite the drop, ETH remains structurally intact, still 
respecting the broader consolidation zone. However, price action continues to 
stall below the $2,770 resistance, keeping traders and analysts split on the 
next move. Some market participants believe Ethereum could ignite the next 
altcoin season if it manages to break above its current range with conviction. 
A decisive close above $2,800 could reestablish bullish momentum and signal 
capital rotation from Bitcoin into ETH and broader altcoins. Others remain 
cautious, pointing to weakening momentum, global instability, and a failure to 
sustain support as early warning signs of a potential breakdown below the 
$2,500–$2,550 area. Adding to the analysis, Cheds shared a technical 
perspective showing that Ethereum’s weekly chart is printing yet another 
small-bodied candle with an upper shadow. This structure is consistent with 
what he sees as a “pre-tower top” setup — a pattern that often precedes 
heightened volatility or a reversal. It highlights the market’s current 
hesitation and the ongoing battle between buyers and sellers. Macroeconomic 
conditions are not helping either. Rising US Treasury yields continue to 
pressure risk assets, while ongoing geopolitical turmoil—especially the 
escalating conflict between Israel and Iran—adds another layer of volatility 
and fear across financial markets. Related Reading: Ethereum Holds $2,500 
Support – History Signals $4,000 As Potential Target ETH Struggles To Hold 
Breakout Ethereum is trading at a critical juncture after failing to hold the 
breakout above the $2,770 level. The chart shows ETH slipping back into its 
prior range, with price now testing support around $2,530 after a sharp 
intraday decline. This move follows a failed breakout attempt, as the price 
was rejected near the 200-day moving average, currently acting as dynamic 
resistance just below $2,650. The volume spike on the recent sell-off confirms 
strong bearish interest, increasing downside pressure. ETH is now sitting 
close to the lower end of a trading range that has persisted since early May. 
A decisive break below $2,500 could open the door for a drop toward the 50-day 
moving average near $2,380. This would put Ethereum on a path to retest 
earlier consolidation levels. Related Reading: Ethereum Faces Stress As 
Israel-Iran Conflict Shakes Sentiment – ETH/BTC Support In Focus On the 
upside, bulls must reclaim the $2,650–$2,770 resistance zone and establish a 
higher low to revive bullish momentum. Failing to do so will likely keep 
Ethereum range-bound or push it lower amid ongoing macroeconomic and 
geopolitical uncertainty. Featured image from Dall-E, chart from TradingView

Ethereum Weekly Candle Hints At Pre-Tower Top Formation – Details

Zero-knowledge proofs solve web3&#8217;s bot problem by verifying humans without 
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The ongoing conflict between Israel and Iran has the potential to disrupt 
global markets and extend to other regions. The Strait of Hormuz, a crucial 
passage for oil tankers, could be closed as the conflict escalates. Iran- 
Israel Conflict Might Upend the World&#8217;s Oil Markets World markets are once 
again facing difficulties due to geopolitical tensions. […]