Welcome to the Ethereum Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2 Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. As always, be constructive. – Subreddit Rules Want…
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A cryptocurrency CEO has been convicted of wire fraud and money laundering after deceiving investors, raising millions through false claims, and laundering funds for personal luxury purchases. AML Bitcoin Founder Convicted in Multi-Million Dollar Fraud Case A federal jury in San Francisco has convicted Rowland Marcus Andrade, the founder and CEO behind AML Bitcoin, of […]
Crypto analyst Madden has raised the possibility of the Bitcoin price rallying above $100,000 again, providing a bullish outlook for the flagship crypto. His analysis showed what is coming next for BTC and how it could reach this psychological price level. Related Reading: 200 Million XRP On The Move—Is Ripple Preparing For A Big Play? Bitcoin Price Eyes Rally Above $100,000 With Potential Bullish Reversal In a TradingView post, Madden indicated that the Bitcoin price was eyeing a rally above $100,000 with a reversal looking likely. His accompanying chart showed that $91,700, $102,700, and $109,356 are potential price targets which BTC could hit as it reverses to the upside. A rally to $109,356 would mark a new all-time high (ATH) for the flagship crypto. The crypto analyst alluded to some charts with important levels and relevant patterns to determine if the reversal is confirmed for the Bitcoin price. On the daily chart, he highlighted a Deep-Crab harmonic and Wolfe wave pattern to identify the reversal points. The Deep Cran pattern showed that BTC likely bottomed out when it touched $76,600, with the reversal now in play. Madden also alluded to the CME daily chart for the Bitcoin price. He noted that there is a daily retest of the 200-day moving average (MA) and that the CME gap between $77,000 and $80,000 has been filled, indicating there is no reason for BTC to drop that low again. Meanwhile, the crypto analyst added that BTC is currently above the 2022 and 2024 top support line. BTC Roadmap Moving Forward As part of his analysis, Madden also provided a roadmap and future outlook for the Bitcoin price. His accompanying chart showed that the flagship crypto could top at around $125,000 in this market cycle. Based on the chart, BTC will reach this price target by year end. Crypto expert Willy Woo also once suggested that Bitcoin could reach this target, as he described it as conservative. The chart also showed that the Bitcoin price could enter into a bear market by 2026, dropping from the projected peak of $125,000 to as low as $40,000. This price drop to $40,000 could happen before 2026 ends. In the meantime, the bullish reversal for the Bitcoin price is the major focus of market participants. Crypto analyst Ali Martinez stated that BTC is breaking out. He added that the target is $90,000 as long as the $84,000 support holds. Crypto whales are already positioning themselves for the potential reversal of the Bitcoin price to $90,000. Martinez revealed that these whales have bought over 20,000 BTC in the last 48 hours. Related Reading: Bitcoin And S&P Decline Together, But Data Predicts A Turnaround At the time of writing, the Bitcoin price is trading at around $84,500, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from TradingView
Key Takeaways: David Sacks’ $200 Million Crypto Sell-Off: When Sacks took on his advisory position at the White House, he divested over $200 million worth of holdings in cryptocurrency to comply with government ethics rules. These were: Assets sold: Bitcoin, Ethereum, Solana, and investments in companies including Coinbase, Robinhood, and crypto investment funds like Multicoin…
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Key Takeaways: The Trump administration aims to acquire as much Bitcoin as possible for a Strategic Bitcoin Reserve. The White House has indicated support for legislation that would mandate the purchase of up to one million BTC. U.S. Treasury officials have begun discussions with crypto custody firms on safeguarding the reserve. A senior White House…
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Ethereum (ETH) is now trading below the crucial $2,000 mark, struggling to find momentum after days of selling pressure and consolidation around $1,900. The broader crypto market remains under heavy bearish control, and ETH has lost over 57% of its value, making it increasingly difficult for bulls to stage a recovery. Related Reading: Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation? With Ethereum now below a multi-year support level, this zone could flip into strong resistance, further complicating any potential rebound. The market is in a highly volatile phase, and traders are watching closely for signs of strength or further downside risks. On-chain data highlights two key price levels for Ethereum’s immediate trajectory. $1,870 currently serves as its critical support; meanwhile, $2,050 is now its most challenging resistance, acting as a major barrier that ETH must reclaim to confirm a trend reversal. For now, Ethereum remains vulnerable, with uncertainty driving price action. If bulls fail to defend current support, ETH could see further declines, but a successful reclaim of resistance could spark renewed confidence in the market. The next few days will be crucial in determining ETH’s short-term direction. Ethereum Faces Critical Test As Bulls Struggle To Reclaim $2,000 Ethereum is at a crucial turning point, trading near its lowest level since October 2023 as bears maintain control. After weeks of selling pressure and uncertainty, bulls must reclaim the $2,000 mark as soon as possible to prevent further downside and restore market confidence. Related Reading: Solana Forms Classic Cup-And-Handle Pattern – Analyst Predicts A Breakout To $3,800 The broader macroeconomic landscape remains uncertain, with trade war fears and global financial instability weighing heavily on both crypto and US stock markets. These factors have set the stage for a potential deeper correction, leaving investors on edge. However, some analysts believe a market recovery is still possible in the coming months, particularly if Ethereum can regain key resistance levels. Top analyst Ali Martinez recently shared on-chain metrics, identifying $1,870 as Ethereum’s strongest support level. This means that if ETH breaks below this zone, a further decline could be imminent. On the upside, $2,050 is now Ethereum’s most challenging resistance, acting as a crucial barrier that bulls must overcome. If Ethereum successfully reclaims $2,050, it will signal a strong trend reversal, potentially setting the stage for a powerful recovery rally. The next few trading sessions will be critical, as ETH must either hold its ground or risk further downside, with investors closely monitoring price action. ETH Bulls Must Hold Above $1,900 Ethereum is currently trading at $1,920, following days of consolidation below the crucial $2,000 level. Despite attempts to push higher, bulls have struggled to reclaim lost ground, leaving ETH in a vulnerable position. To confirm a recovery, ETH must break above the $2,000 mark and push beyond the 4-hour 200-moving average (MA) and exponential moving average (EMA) around $2,400. A successful reclaim of these levels would signal renewed buying momentum, potentially setting the stage for a strong rally toward higher resistance zones. However, if Ethereum fails to reclaim these levels, selling pressure could intensify, driving ETH toward lower demand zones around $1,750. A breakdown below this level would put even more pressure on bulls, potentially leading to further downside and extended bearish sentiment. Related Reading: Dogecoin Network Activity Surges 47% In A Month – What’s Next for DOGE? With market conditions still fragile, ETH’s short-term direction remains uncertain. Bulls must step in soon to defend key levels, or Ethereum risks losing further ground, making a quick recovery much more difficult. The next few days will be crucial, as ETH traders watch for a breakout or further downside movement in response to broader market trends. Featured image from DALL-E, chart from TradingView
I loaded up at the bottom of the bear market from June 2022 to June 2023. Threw everything onto a ledger. Haven’t touched it since. Opened the thing up this week and there are literally hundreds if not thousands of free coins by various names in there now. I assumed airdrops. But I heard something…
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Crypto scams are draining wallets fast, using AI fraud, fake mining, and Ponzi schemes—so advanced that regulators struggle to keep up. 24 Brutal Crypto Scams Hunting Investors — The Tactics Draining Wallets Fast Cryptocurrency scams continue to pose a growing threat to investors, with fraudsters using increasingly sophisticated tactics to steal funds and personal information. […]
Key Takeaways: MoonPay obtains Money Transmitter License in Wisconsin, increasing US footprint. The license enables Wisconsin residents to purchase crypto seamlessly with no additional MoonPay fees (network fees still apply). This move further reinforces MoonPay’s commitment to compliance and user trust. Miami, USA — Cryptocurrency payments platform MoonPay has achieved a major win in its…
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A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better.“Bitcoin has been a wonderful game, but with a couple of giant players cornering the market, the timing is right to “build a better Bitcoin” — restarting the game,” prominent angel investor and internet entrepreneur Jason Calacanis told his 981,600 X followers on March 14.Calacanis, an early investor in Bitcoin-related companies like online trading platform Robinhood and Bitcoin startup Keza, said, “All technology gets replaced over time… and Bitcoin will be no different.”Opportunity presents for Bitcoin layer-2 projectsFounders and executives of Bitcoin-related companies were quick to push back, arguing that Bitcoin will not be replaced, though there’s still room for a dominant layer-2 protocol to emerge on top of the Bitcoin network.Source: Pierre RochardSwan Bitcoin co-founder Brady Swenson said, “Winning protocols don’t get replaced; they are built upon.” “Bitcoin will never be replaced as a protocol for value transfer. The race is still on for the winning second layer protocol,” Swenson said.The other co-founder of Swan Bitcoin, Cory Klippsten, said, “Bitcoin is a technological revolution changing all industries, not following the adoption curve of a single technology like an iPad.”Source: Jason LoweryEchoing a similar sentiment, Lightspark CEO David Markus said, “What it lacks in functionality can be built on L2s.” “Trying to build a better Bitcoin is a fool’s errand.”Meanwhile, ShapeShift CEO Eric Voorhees said Bitcoin’s limitations can be solved “on other chains.”The bigger Bitcoin grows, the “less likely” it is to be replacedMany in the industry have emphasized the importance of layer-2s for Bitcoin, as they provide use cases that the Bitcoin network cannot support, such as deploying smart contracts.However, Muneeb Ali, co-founder of Stacks, recently told Cointelegraph that more than two-thirds of existing Bitcoin layer-2 projects will not exist within three years as their initial excitement will fade.Source: Gastón SilvaBitcoin advocate Wayne Vaughan said people wrongly assume Bitcoin is easily replaceable because they see it as just an asset, application, or platform.“I think of Bitcoin as a network. The larger the network gets, the less likely it is for something else to replace it,” Vaughan said in a March 15 X post. Related: Strategy’s Bitcoin stash still up over $7B despite market downturnStrive Funds CEO Matt Cole said, “There will not be a “better” Bitcoin.” “I do think we will get occasional alt seasons of ever-diminishing strength that will continue to make insiders money. Most people will end up with less Bitcoin by going to that casino,” Cole said.This is not the first time that Calacanis’ comments have caused debate in the crypto industry.In June 2020, Calacanis said that nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
