The draft bill could stifle innovation and create prolonged legal ambiguity, impacting the growth and stability of the crypto industry. The post Ripple slams draft crypto market structure bill for expanding SEC power over tokens appeared first on Crypto Briefing.

Ripple slams draft crypto market structure bill for expanding SEC power over tokens

The U.S. dollar could soon be reanchored to gold as global faith in fiat 
erodes, with Ray Dalio spotlighting historic cycles pointing toward a seismic 
monetary realignment. Ray Dalio Hints at Possible Dollar Reset as Confidence 
in Fiat Fades Amid growing concerns over fiat currency stability and rising 
global debt, some financial experts are revisiting […]

US Dollar Could Return to Gold Backing, Says Ray Dalio as Fiat Trust Erodes

Ethereum price found support near the $3,400 zone and recovered. ETH is 
struggling to settle above $3,700 and might dip once again. Ethereum started a 
fresh increase above the $3,440 and $3,500 levels. The price is trading below 
$3,620 and the 100-hourly Simple Moving Average. There was a break below a key 
bullish trend line with support at $3,620 on the hourly chart of ETH/USD (data 
feed via Kraken). The pair could start a fresh increase if it remains 
supported above the $3,500 zone in the near term. Ethereum Price Dips Below 
$3,600 Ethereum price started a fresh increase from the $3,365 support zone, 
beating Bitcoin. ETH price was able to recover above the $3,400 and $3,500 
resistance levels. There was a move above the 50% Fib retracement level of the 
downward move from the $3,877 swing high to the $3,369 low. The bulls even 
pushed the price above the $3,700 resistance zone. However, the bears remained 
active near the $3,750 zone. The 61.8% Fib retracement level of the downward 
move from the $3,877 swing high to the $3,369 low acted as a resistance. The 
price started another decline below $3,700. There was a break below a key 
bullish trend line with support at $3,620 on the hourly chart of ETH/USD. 
Ethereum price is now trading below $3,600 and the 100-hourly Simple Moving 
Average. On the upside, the price could face resistance near the $3,620 level. 
The next key resistance is near the $3,700 level. The first major resistance 
is near the $3,750 level. A clear move above the $3,750 resistance might send 
the price toward the $3,820 resistance. An upside break above the $3,820 
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. More Losses In ETH? If Ethereum fails to clear the $3,620 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $3,550 level. The first major support sits near the $3,510 zone. A 
clear move below the $3,510 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 bearish zone. 
Hourly RSI &#8211; The RSI for ETH/USD is now below the 50 zone. Major Support Level 
– $3,550 Major Resistance Level – $3,750

Ethereum Price Falters Above $3,700 – Is a Pullback Brewing?

The performance of the altcoins this week suggests “rapid derisking across the 
high-beta segments” of the crypto market.

Bitcoin dip to $112K lacks whiff of altcoin summer: Bitfinex

Ethereum’s price has experienced moderate declines over the past week, 
dropping around 5% after a period of notable gains in previous months. At the 
time of writing, ETH is trading near $3,633, fluctuating between the $3,500 
and $3,700 range over the past day. This price movement follows a broader 
market cooling, with many traders engaging in profit-taking after Ethereum’s 
earlier upward trend. Recent on-chain and derivatives market data suggest that 
Ethereum may be heading into a consolidation phase. Related Reading: Ethereum 
Price Battles Key Levels – Will Buyers Step Back In? Derivatives Market Data 
Signals Selling Pressure CryptoQuant analyst Darkfost shared an outlook 
indicating increased selling pressure and potential short-term weakness in the 
ETH futures market. The analyst highlighted that despite several attempts to 
breach the $4,000 resistance level, Ethereum has yet to break through, 
indicating possible market hesitancy at current levels. Darkfost emphasized 
that the behavior of the futures market has shifted notably over the past few 
weeks. According to data from Binance, Ethereum’s taker buy/sell ratio has 
dropped to 0.87, one of the lowest levels observed this year. A ratio below 1 
typically indicates that sell orders are dominating over buy orders, 
suggesting that traders are either closing long positions or opening shorts. 
The analyst noted that this trend began around July 18 and has remained mostly 
negative since then, limiting upward momentum. Additionally, the seven-day and 
30-day simple moving averages (SMAs) have started to trend downward, which 
could be a sign of slowing market momentum. Binance continues to hold the 
largest share of ETH futures open interest among exchanges, making sentiment 
on this platform particularly influential. With sellers currently exerting 
more control, the data suggests a potential continuation of this consolidation 
phase until buying activity strengthens. Mixed Views on Ethereum’s Longer-Term 
Outlook While near-term market data points to a challenging period for 
Ethereum, some analysts maintain a positive longer-term outlook. A recent post 
by Titan of Crypto, a well-followed market commentator on X, projected a 
potential price target of $8,000. According to Titan of Crypto, Ethereum’s 
price structure is forming a large monthly triangle pattern that could 
eventually lead to a breakout, opening the way toward a significant rally. 
Related Reading: Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really 
Driving It This bullish view aligns with other optimistic forecasts on X, 
where traders speculate that Ethereum could revisit or surpass its previous 
all-time highs once key resistance levels are cleared and broader market 
demand returns. $ETH below $4,000 is a steal. Institutional accumulation, 
supply crunch, network activity; you name it, and #Ethereum has everything. 
The rally above $10,000 this cycle will be epic. 🚀 pic.twitter.com/26YTa3lQn8 
— Ted (@TedPillows) August 4, 2025 However, for now, the lack of strong 
futures buying activity and persistent selling pressure in derivatives markets 
appear to be capping short-term gains. Featured image created with DALL-E, 
Chart from TradingView

Is Ethereum Gearing Up for a Major Move? Analysts Split on What’s Next

The dismissal motion could impact future cross-border legal strategies in 
crypto disputes, highlighting jurisdictional complexities and procedural 
nuances.
The post Binance co-founder Changpeng Zhao files motion to dismiss $1.7 
billion FTX suit appeared first on Crypto Briefing.