Ethereum may soon enforce a 16.77 million gas limit on single transactions under EIP-7983, proposed by Vitalik Buterin and researcher Toni Wahrstätter to improve performance and reduce attack surfaces. According to the July 6 proposal, Ethereum can “enhance its resilience…

Ethereum co-founder proposes transaction gas limit to improve network security and efficiency

Japan’s Metaplanet has become the world’s fifth-largest corporate Bitcoin 
holder after acquiring 2,204 BTC worth $237 million, bringing its total to 
15,555 BTC.

Metaplanet adds 2,204 Bitcoin for $237M, now holds 15,555 BTC

Story Protocol price has broken above the upper boundary of the accumulation 
range, eyeing a potential move toward the $4.00 target, based on a bullish 
pattern. Story Protocol (IP) price is up 10% in the past 24 hours, currently 
trading…

Story Protocol price breaks out of accumulation range, targets $4

Two individuals from the UK, Raymondip Bedi and Patrick Mavanga, have been 
sentenced to a combined total of 12 years in prison for their involvement in a 
$2.1 million cryptocurrency fraud, following a prosecution by the FCA. Between 
February 2017 and June 2019, the pair cold-called victims, selling fake 
investments in cryptocurrency and defrauding at […]

Two Sentenced to 12 Years for $2.1 Million Cryptocurrency Fraud in UK

A widely used Bitcoin technical analysis indicator suggests that BTC is on the 
verge of a “big move” toward new all-time highs.

Bitcoin Bollinger Bands reach critical point ahead of 'upside breakout'

Ethereum is trading above the $2,500 level, showing notable strength despite 
recent volatility across the broader crypto market. Since early May, ETH has 
been trapped in a consolidation range between $2,400 and $2,700, struggling to 
establish a clear trend as both bulls and bears wait for confirmation. 
However, recent price action suggests growing momentum, with bulls maintaining 
control above key support zones. Related Reading: Altcoins Set A Higher Low – 
Bulls Target 2024 High To Trigger Altseason Top analyst Carl Runefelt shared a 
technical analysis pointing to a decisive moment ahead for Ethereum. According 
to Runefelt, a breakout above the $2,700 resistance level is essential to 
ignite an impulsive move toward higher levels. Without that breakout, ETH 
risks remaining range-bound or revisiting lower demand zones. The current 
market structure, combined with positive sentiment surrounding altcoins and 
growing institutional interest in Ethereum, contributes to the optimism. 
Still, the coming days will be critical. A sustained move above $2,700 could 
open the door for a rally toward $3,000 and beyond, while failure to break out 
may delay Ethereum’s next major leg up. As Bitcoin trades just below its all- 
time highs, Ethereum’s next move could also determine the short-term 
trajectory for the altcoin market at large. Ethereum Leads Altcoin Recovery 
Altcoins have been stuck in a prolonged bear market since 2022, with many 
tokens still trading well below their all-time highs. Amid this challenging 
backdrop, Ethereum has emerged as the leader of a potential recovery. Since 
its April lows, ETH has more than doubled in price, surging over 100% and 
reclaiming key support levels above $2,500. This sharp rebound suggests that a 
new bullish phase for Ethereum—and potentially the broader altcoin 
market—could be in the early stages. However, the optimism is tempered by 
growing macroeconomic risks. Recent U.S. data has raised concerns about 
systemic fragility, with rising Treasury yields and persistent inflation 
fueling uncertainty across risk assets. Investors remain cautious as higher 
yields could limit liquidity flows into crypto, particularly into speculative 
altcoins. According to Carl Runefelt, Ethereum’s price structure is 
approaching a critical point. He highlights that ETH is currently trading 
within a rising wedge pattern—a bearish formation that often precedes a sharp 
pullback. Runefelt warns that if Ethereum fails to break decisively above the 
$2,700 resistance level soon, the price may reject and fall toward lower 
support, potentially leading to a drastic correction. For now, Ethereum 
remains range-bound between $2,400 and $2,700. A confirmed breakout above the 
upper boundary could fuel continued bullish momentum and trigger a broader 
altcoin rally. But failure to hold current levels, especially with bearish 
macro pressure building, could signal that the recent gains were a temporary 
relief rally. Ethereum’s next move will likely define the near-term direction 
for the entire altcoin sector. Related Reading: Ethereum Wyckoff Accumulation 
Hints At Explosive Q3 – $4K Level In Sight ETH Faces Key Resistance Amid 
Rising Momentum Ethereum is showing strength as it trades at $2,574.70, 
gaining over 2.2% in the last session. As shown in the 3-day chart, ETH has 
remained range-bound since early May, fluctuating between the $2,400 support 
and the $2,700 resistance. The latest move above the 50-day and 100-day simple 
moving averages (SMAs), currently at $2,226 and $2,644, respectively, signals 
growing bullish momentum. However, Ethereum still faces a significant 
challenge near the 200-day SMA, currently sitting at $2,791, right below the 
critical $2,800 liquidity level. The price has tested this resistance zone 
multiple times without success, suggesting that a strong breakout above 
$2,700–$2,800 is needed to initiate an impulsive move higher. Volume remains 
stable, and ETH’s ability to hold recent gains hints at continued 
accumulation, but a lack of decisive follow-through could signal buyer 
exhaustion. Related Reading: No Room For Bears: Bitcoin Bullish MACD, Monthly 
Close Fuel Bullish Outlook If bulls manage to reclaim $2,800, it would open 
the door toward $3,000 and confirm a breakout from the multi-month range. On 
the downside, a failure to hold $2,500 could trigger a drop back toward $2,400 
or even $2,200 if broader market conditions deteriorate. For now, ETH remains 
in a pivotal zone, and its next major move will likely determine broader 
altcoin momentum. Featured image from Dall-E, chart from TradingView