Grove Finance, an institutional-grade credit protocol in the Sky ecosystem, will go live on Avalanche, deploying up to $250 million in real-world assets to bolster the layer-1 blockchain’s tokenization traction. Grove, introduced recently as an institutional-grade platform designed to accelerate…

Grove Finance launches with a $250m RWA investment on Avalanche

Plasma, a stablecoin-focused layer 1 blockchain, has raised $373 million in a 
public token sale, positioning itself as a major new player in the stablecoin 
infrastructure space. According to a statement on Plasma’s official X account, 
the company raised $373…

Plasma stablecoin layer 1 raises $373M in oversubscribed token sale

Mill City Ventures has become the first public company to invest in a Sui 
treasury after a $450 million raise, betting on blockchain’s AI and DeFi 
capabilities.

Nasdaq-listed Mill City Ventures earmarks $441M toward Sui treasury

What started as a symbolic label (“Crypto Week”) ended with real legislative 
firepower. Meanwhile, ethereum seized the spotlight as the market’s narrative 
driver. This editorial is from last week’s edition of the Week in Review 
newsletter. Subscribe to the weekly newsletter to get the editorial the second 
it’s finished. Crypto Week Delivered as Ethereum Broke […]

Crypto Week, Indeed!

Ethereum price extended its increase above the $3,880 zone. ETH is now 
consolidating gains and might soon aim for a move toward $4,000. Ethereum 
started a fresh increase above the $3,820 and $3,880 levels. The price is 
trading near $3,800 and the 100-hourly Simple Moving Average. There was a 
break below a key bullish trend line with support at $3,800 on the hourly 
chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase 
if it remains supported above the $3,720 zone in the near term. Ethereum Price 
Corrects Some Gains Ethereum price remained supported above the $3,720 level 
and started a fresh increase, like Bitcoin. ETH price traded above the $3,800 
and $3,850 resistance levels. There was a move above the $3,880 level. The 
price tested the $3,920 zone. A high was formed at $3,939 and the price is now 
correcting gains. There was a move below the 23.6% Fib retracement level of 
the upward move from the $3,515 swing low to the $3,939 high. Besides, there 
was a break below a key bullish trend line with support at $3,800 on the 
hourly chart of ETH/USD. Ethereum price is now trading near $3,800 and the 
100-hourly Simple Moving Average. On the upside, the price could face 
resistance near the $3,820 level. The next key resistance is near the $3,840 
level. The first major resistance is near the $3,880 level. A clear move above 
the $3,880 resistance might send the price toward the $3,940 resistance. An 
upside break above the $3,940 resistance might call for more gains in the 
coming sessions. In the stated case, Ether could rise toward the $4,000 
resistance zone or even $4,120 in the near term. Another Drop In ETH? If 
Ethereum fails to clear the $3,820 resistance, it could start a downside 
correction. Initial support on the downside is near the $3,720 level. The 
first major support sits near the $3,700 zone. A clear move below the $3,700 
support might push the price toward the $3,650 support. Any more losses might 
send the price toward the $3,550 support level in the near term. The next key 
support sits at $3,420. Technical Indicators Hourly MACD – The MACD for 
ETH/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for 
ETH/USD is now below the 50 zone. Major Support Level – $3,720 Major 
Resistance Level – $3,820

Ethereum Price Stays Strong – Elevated Price Hints at Bullish Continuation

On-chain data shows the Ethereum Exchange Reserve has plunged by more than 1 
million ETH over the past month. What does this mean for the asset? Ethereum 
Exchange Reserve Has Seen A Sharp Decline In a new post on X, analyst Ali 
Martinez has talked about the latest trend in the Exchange Reserve of 
Ethereum. The &#8220;Exchange Reserve&#8221; here refers to an on-chain indicator that 
keeps track of the total amount of ETH that&#8217;s sitting in the wallets 
associated with centralized exchanges. When the value of this metric goes 
down, it means the investors are withdrawing a net number of coins from these 
platforms. Generally, holders take their coins to self-custodial wallets when 
they plan to hold into the long term, so such a trend can be a bullish sign 
for the cryptocurrency. Related Reading: Bitcoin Remains Flat—And The SSR 
Ratio Might Explain Why On the other hand, the indicator&#8217;s value observing a 
decline suggests the inflows into exchanges outweigh the outflows. As one of 
the main reasons why investors use exchanges is for selling-related purposes, 
this kind of trend could be bearish for the asset&#8217;s price. Now, here is the 
chart shared by the analyst that shows how the Exchange Reserve for Ethereum 
has changed during the last few months: As displayed in the above graph, the 
Ethereum Exchange Reserve has seen a sharp drop recently, implying the 
investors have withdrawn a large amount of the asset. More specifically, the 
holder have taken out more than 1 million tokens of the cryptocurrency (worth 
about $3.8 billion at the current price) from the exchanges over the past 
month. Alongside this withdrawal spree, the ETH price has enjoyed a bull rally 
beyond the $3,800 level, indicating that the accumulation wave could be a 
driving factor behind it. The Exchange Reserve may be to keep an eye on now, 
as where it heads next could also end up having an effect on the asset. In 
some other news, the Ethereum Taker Sell Volume has just seen a sharp spike, 
as CryptoQuant community analyst Maartunn has pointed out in an X post. The 
Taker Sell Volume here refers to a metric that keeps track of the volume of 
sell orders (in USD) that are being filed by traders in Ethereum perpetual 
swaps. From the chart, it&#8217;s apparent that this metric has just observed two 
huge spikes. Across these, Taker Sell Volume has totaled at a whopping $2.68 
billion. Related Reading: Bitcoin Open Interest Sets New Record As Price 
Plunges To $115,000 Whether this reflects a shift in market sentiment or just 
short-term positioning remains to be seen. ETH Price While altcoins like XRP 
and Dogecoin have seen pullbacks during the past week, Ethereum has managed to 
do relatively well as its price is trading around $3,800. Featured image from 
Dall-E, CryptoQuant.com, chart from TradingView.com