The president’s pick to sit on an appellate court covering Silicon Valley has represented several blockchain entities in courts.

Trump’s court pick would bring crypto baggage to the bench

Ethereum price started a fresh increase above the $3,500 zone. ETH is now 
showing bullish signs and might continue to rise toward the $3,800 zone. 
Ethereum started a fresh increase above the $3,350 level. The price is trading 
near $3,500 and the 100-hourly Simple Moving Average. There is a key bullish 
trend line forming with support at $3,490 on the hourly chart of ETH/USD (data 
feed via Kraken). The pair could start a fresh increase if it remains 
supported above the $3,350 zone in the near term. Ethereum Price Rises Further 
Above $3,500 Ethereum price started a fresh increase above the $3,220 zone, 
outperforming Bitcoin. ETH price gained pace for a move above the $3,350 
resistance zone to remain in a positive zone. The bulls even pumped the price 
above $3,500. Finally, it tested the $3,620 zone. A high was formed at $3,627 
and the price is now consolidating gains above the 23.6% Fib retracement level 
of the upward move from the $2,935 swing low to the $3,627 high. Ethereum 
price is now trading above $3,500 and the 100-hourly Simple Moving Average. 
There is also a key bullish trend line forming with support at $3,500 on the 
hourly chart of ETH/USD. On the upside, the price could face resistance near 
the $3,630 level. The next key resistance is near the $3,650 level. The first 
major resistance is near the $3,720 level. A clear move above the $3,720 
resistance might send the price toward the $3,800 resistance. An upside break 
above the $3,800 resistance might call for more gains in the coming sessions. 
In the stated case, Ether could rise toward the $3,880 resistance zone or even 
$4,000 in the near term. Are Downsides Limited In ETH? If Ethereum fails to 
clear the $3,630 resistance, it could start a downside correction. Initial 
support on the downside is near the $3,550 level. The first major support sits 
near the $3,500 zone and the trend line. A clear move below the $3,500 support 
might push the price toward the $3,420 support. Any more losses might send the 
price toward the $3,350 support level in the near term. The next key support 
sits at $3,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is 
gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now 
above the 50 zone. Major Support Level – $3,500 Major Resistance Level – 
$3,650

Ethereum Price Keeps Climbing—$4K in Sight as Bulls Take Charge

The mining firm has raised $6 million and is set to dump Bitcoin in favor of 
Ethereum, targeting tens of millions in ETH reserves by year-end.

BTC Digital ditches Bitcoin for Ethereum in ‘transformative’ shift

Bitcoin has been on a tear lately. Prices jumped past $123,000 this week. Now, 
new figures show that fresh money is flowing into the market again. That’s a 
sharp change after months of muted retail interest. Related Reading: Avalanche 
Shatters Record With 20M Transactions—Is Real-World Use Finally Here? Fresh 
Capital Flooding In According to on‑chain data from Glassnode, first‑time 
buyers picked up an extra 140,000 BTC over the past two weeks. Their holdings 
climbed from 4.77 million to nearly 5 million BTC—a 2.86% rise. That influx of 
fresh coins helped push Bitcoin past its latest high. It also shows that new 
investors are gaining confidence in the world’s biggest cryptocurrency. Over 
the past two weeks, the supply held by first-time $BTC buyers rose by +2.86%, 
climbing from 4.77M to 4.91M #BTC. Fresh capital continues to enter the 
market, supporting the latest price breakout. pic.twitter.com/W95HSAMaHI — 
glassnode (@glassnode) July 17, 2025 Short‑Term Holders Hit A New Cost Base 
Newer players aren’t the only ones getting active. Based on reports, entities 
that bought Bitcoin within the last six months now sit on a cost basis above 
$100,000 for the first time. They’ve held on through price swings and have not 
yet sold at a loss. That suggests many expect the rally to continue. At the 
same time, holding on tight could create pressure if prices dip below their 
average buy‑in point. Dip Buyers Act Fast Glassnode’s cost‑basis heatmap 
revealed that buyers moved quickly when Bitcoin dipped below $116,000 earlier 
this week. About 196,600 BTC changed hands between $116,000 and $118,000. That 
buying spree added over $23 million in value near what looks like a local top. 
It’s a sign of strong resolve from those backing the market at lower levels. 
Altcoin Chat Outpaces Bitcoin Searches While whales and newer buyers are busy, 
the crowd on Google seems less thrilled. Search activity for “Bitcoin” ticked 
up modestly in the last fortnight, but it’s well below the highs seen when BTC 
first broke $100,000 this year. At the same time, data from Santiment indicate 
chatter has shifted toward altcoins. With Ethereum grabbing the spotlight, 
many retail investors appear more excited by tokens promising bigger 
short‑term moves. Related Reading: If You’re Wealthy, 1 Bitcoin Should Already 
Be In Your Wallet, Expert Says Retail Interest Remains Muted Despite soaring 
prices, everyday investors haven’t jumped back in en masse. Based on reports, 
the broad public’s FOMO hasn’t shown up in a big way yet. That lack of 
widespread buzz could limit how far and how fast Bitcoin goes from here. In 
past rallies, it was the flood of curiosity from casual buyers that turned 
spikes into parabolic runs. Featured image from Meta, chart from TradingView

Whales? No, Newbies: Surge In New BTC Holders Fuels Market Rally—Study

The “hard data” signals that Ether is not due for a correction anytime soon, 
according to Felix Xu, a partner at crypto hedge fund ZX Squared Capital.

Ether rockets 47% in a month as hedge fund says ‘rapid reversal’ unlikely

Thumzup&#8217;s crypto investment strategy may enhance shareholder value and 
influence broader market adoption amid evolving regulatory landscapes.
The post Nasdaq-listed Thumzup authorized to hold up to $250M in BTC, ETH, 
XRP, and DOGE appeared first on Crypto Briefing.