The Polyhedra Network price bounced back on Monday as investors attempted to buy the dip after it plunged by over 87% on Sunday. Polyhedra Network (ZKJ) token was trading at $0.374, up 47% from its lowest point this week. This…

ZKJ crypto price pumps 20%: is this a dead cat bounce?

The XRP Ledger is seeing a sharp uptick in network activity, with both user 
engagement and large holder participation on the rise. In a June 17 post, 
blockchain analytics firm Santiment reported that the number of daily 
interacting XRP (XRP)…

XRP Ledger activity rises alongside whale accumulation — will XRP price follow?

X has suspended over 20 crypto-related accounts as of Monday, with the bans 
hitting Pump.fun and its co-founder, Alon Cohen.

Pump.fun and its founder hit in X account suspension blitz

The delay in appeal proceedings could signal a potential shift towards more 
collaborative resolutions in regulatory disputes within the crypto industry.
The post SEC, Ripple ask court to delay appeal proceedings pending August 15 
update appeared first on Crypto Briefing.

SEC, Ripple ask court to delay appeal proceedings pending August 15 update

Ethereum (ETH) is attempting to retest the local range highs following last 
week’s market shakeout. However, some analysts believe that the cryptocurrency 
will continue its sideways move for the coming weeks before its next big move. 
Related Reading: Will The Bitcoin Price Move Above $110,000 Again? Global M2 
Money Supply Shows What’s Next Ethereum Eyes Range High Resistance Last week, 
Ethereum attempted to reclaim the $2,800 barrier, hitting a three-month high 
of $2,879. However, the market shakeout, fueled by the Iran-Israel conflict, 
sent the cryptocurrency’s price to retest its local range’s lows before 
recovering over the weekend. Notably, ETH has been hovering between the 
$2,400-$2,680 range since the early May market recovery, which saw the King of 
Altcoins surge from the $1,800 mark toward its current price range for the 
first time in three months. Nonetheless, it has been rejected from the local 
range’s resistance four times in the past month. Market watcher Daan Crypto 
Trades noted that Ethereum’s price action has been consolidating between these 
two key levels, compressing just below the $2,800 area. This level has been a 
crucial area throughout the cycle, serving as a key support and resistance 
level since 2024. The trader considers this area to be “the most important 
level on this entire chart by far,” detailing that every major retest of this 
zone has led to either “a nice bounce” or “big dump.” Meanwhile, ETH “went on 
to really even further” after every reclaim of this level as support. Daan 
explained that its current price range is “becoming quite a tight range for 
how long it’s been trading here. You can see how important this is and that 
there’s likely a big move coming from this point somewhere in the next few 
weeks.” Based on this, he forecasted that “If we&#8217;d see a convincing break 
above $2.8K and hold there, that would be a good setup for a move to the cycle 
highs around ~$4K.” However, if it loses this current range, then the $2,100 
area “is the big high timeframe level to watch.” Is A 2017 Repeat In The 
Making? Merlijn The Trader highlighted that Ethereum is now consolidating 
within its current range after breaking out of a multi-month falling wedge, 
which suggests that the cryptocurrency could soon experience a massive move. 
He pointed out that, historically, “this pause often precedes a surge,” adding 
that the Relative Strength Index (RSI) is also retesting the recent breakout 
zone. Additionally, the trader noted that ETH appears to be following its 
2016-2017 playbook, with a similar structure to eight years ago. At the time, 
the cryptocurrency had an “explosive setup” that led ETH to a massive lift-off 
starting in 2017. After the market shakeout, the cryptocurrency moved sideways 
within a tight range while reclaiming the 50-day Moving Average (MA). Related 
Reading: PEPE Pumps 2.67% – Is The Memecoin Preparing For A Major Rebound? 
Following the key reclaim, Ethereum’s price experienced a massive surge toward 
new highs. According to Merlijn, “Same breakout zone. Same 50 MA reclaim. 
Sideways chop… then liftoff. But this time? Bigger market. Institutional fuel 
is backing ETH. No ceiling in sight. We’re not repeating history… We’re 
amplifying it.” As of this writing, Ethereum is trading at $2,640, a 3.7% 
increase in the daily timeframe. Featured Image from Unsplash.com, Chart from 
TradingView.com

Ethereum Eyes Big Move As Price Compresses Between Key Levels – $2,100 Or $4,000 Next?

A new approval process, where most Optimism proposals will auto-pass unless a 
stakeholder vetoes, will come into force on Aug. 1 to reduce the burden on 
contributors.