Ethereum is witnessing a renewed wave of accumulation from institutional investors and smart money wallets. As of writing, Ethereum (ETH) was trading at $2,508, representing a gain of over 70% from its year-to-date low. Its market cap stood above $300…

Here’s why Ethereum could be on the brink of a breakout to $5k

The asset manager is on an accumulation streak, topping up its holdings as its 
BTC-tracking exchange-traded fund thrives. BlackRock has purchased another 
$416 million of Bitcoin, according to data from the blockchain intelligence 
platform Arkham. The buy, estimated to be…

BlackRock ramps up Bitcoin purchases amid sustained ETF inflows

Alena Vranova, previously co-founder of Trezor, has announced the launch of 
GLOK, a new security service aimed at protecting bitcoin users amid rising 
threats such as kidnappings and ransomware attacks. GLOK offers a private 
geolocation app that allows users to send distress alerts to a predefined list 
of contacts while prioritizing user privacy and data […]

Trezor Co-Founder Launches Glok to Enhance Security for Bitcoin Users Against Rising Threats Such as Kidnappings

Bitcoin continues to show resilience near all-time highs, and new on-chain 
data suggests there may still be room for the rally to extend. The price may 
still rise before hitting significant resistance, according to a July 17 
analysis by CryptoQuant…

Analysis: Bitcoin may rise another 25% before short-term holder profit-taking kicks in

FLOKI recently broke out of a key trendline resistance and flipped it into 
support, potentially laying the foundation for an upside rally in the coming 
weeks. According to data from crypto.news, FLOKI (FLOKI) surged 40% to a six- 
month high of…

FLOKI price targets 52% surge after retesting key trendline resistance

A cryptocurrency analyst has explained how an XRP close above this level could 
trigger a run to $4.80, based on a technical analysis pattern. XRP Could See A 
Surge To New Highs If It Manages This Weekly Close In a new post on X, analyst 
Ali Martinez has cited a technical analysis (TA) pattern to talk about where 
XRP can go next. The pattern in question is a Parallel Channel. Parallel 
Channels form whenever an asset&#8217;s price observes consolidation between two 
parallel trendlines. The upper line of the pattern is likely to be a source of 
resistance, while the lower one that of support. A break out of either of 
these levels can imply a continuation of trend in that direction. There can be 
different types of Parallel Channels, depending on how the trendlines are 
oriented with respect to the axes. When they are slopped upwards, the pattern 
is known as an Ascending Channel. Similarly, them having a negative slope 
makes the formation a Descending Channel. Related Reading: Bitcoin Next Key 
Level Is $136,000 If Momentum Holds, Glassnode Says In the context of the 
current topic, the third and the most ordinary type is of relevance: a 
Parallel Channel with trendlines parallel to the time-axis. This pattern 
corresponds to true sideways consolidation in the cryptocurrency. Below is the 
chart shared by the analyst that shows the Parallel Channel that the 1-week 
price of XRP has seemingly been following during the last few months. As is 
visible in the graph, the weekly XRP price has observed a sharp surge recently 
and closed in on the upper level of the Parallel Channel. If the asset&#8217;s 
current trajectory maintains, it could end up making a retest of the upper 
line situated around $3. Earlier in the year, the cryptocurrency encountered 
resistance at the mark, so it&#8217;s possible that something similar could occur 
this time as well. In the event that it is able to surge past the line, 
however, a bullish breakout might take place. &#8220;A weekly close above $3 could 
send XRP to a new all-time high of $4.80!&#8221; says Martinez. From the current 
price of the coin, a rally to this target would imply a gain of about 56%. 
Related Reading: Bitcoin Falls Below $117,000 Amid $3.5 Billion Profit-Taking 
Frenzy It now remains to be seen whether the digital asset will manage to 
escape out of the Parallel Channel and if it does, whether a bull run of this 
magnitude would follow. In some other news, the 1-week price of Ethereum is 
also heading toward the resistance line of a Parallel Channel, as the analyst 
has pointed out in another X post. &#8220;A key resistance level ahead for Ethereum 
$ETH is $3,980,&#8221; notes Martinez. &#8220;Breaking above it could ignite a major bull 
rally!&#8221; XRP Price XRP has seen a fresh 7% surge in the last 24 hours that has 
taken its price to $3.08. Featured image from Dall-E, charts from 
TradingView.com