• Cardano (ADA) remains above 10% higher despite a 24-hour pullback.
• Hoskinson says Ethereum is adopting eUTXO-inspired ideas.
• Focus is on the $0.20 resistance level.

Cardano is drawing renewed attention after a week of strong gains, even as the token pulled back to around $0.17.

The latest price movement comes alongside fresh debate over blockchain architecture after Cardano founder Charles Hoskinson claimed that Ethereum is beginning to adopt ideas that Cardano has championed for years through its Extended Unspent Transaction Output (eUTXO) model.

At the time of writing, ADA was trading at $0.1674, down 6.6% over the past 24 hours.

Despite the daily decline, the cryptocurrency remained 10.2% higher over the previous seven days and 12.8% higher over the last two weeks, showing that bulls have retained much of the momentum built during the recent rally.

The recent retreat has placed the spotlight on whether the token can defend the $0.17 area before attempting another move toward the next major resistance level at $0.20.

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Hoskinson reignites the Cardano-Ethereum debate

The latest discussion began after Ethereum researcher Toni Wahrstätter introduced EIP-8141, also known as Frame Transactions, as part of Ethereum’s broader efforts to improve scalability and reduce long-term state growth.

The proposal explores introducing UTXO-inspired transaction mechanics for simple transfers.

According to the proposal, this approach could reduce Ethereum’s permanent state footprint for payment-related transactions by approximately 99.8%, while remaining compatible with the network’s broader roadmap.

Hoskinson responded by arguing that Cardano has already implemented similar concepts through its eUTXO accounting model.

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He suggested that Ethereum is now recognising the benefits of an architecture that Cardano adopted years ago.

The Cardano founder also made headlines with his remark that “it’s literally a crime in the Ethereum inner circles to mention Cardano,” suggesting that Ethereum developers have been reluctant to acknowledge Cardano’s earlier work despite exploring comparable ideas.

It’s not like I’ve been literally working on this topic for over 10 years of my life and launched a cryptocurrency that was number three on coinmarketcap with millions of users to deploy it. It’s literally a crime in the Ethereum inner circles to mention Cardano. EUTXO is the… https://t.co/3F3l6cg0JE

— Charles Hoskinson (@IOHK_Charles) July 7, 2026

ADA price holds key support as traders watch $0.20

From a technical perspective, ADA’s recent pullback has not erased the gains recorded over the past week.

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Instead, focus is now on whether the cryptocurrency can continue holding support around $0.144.

The current price sits close to the lower end of the latest 24-hour trading range after the 6.6% daily decline.

However, the weekly performance remains positive, with ADA still posting a double-digit gain over the previous seven days.

The next major level attracting attention is $0.193, and a move above that level would place the focus on $0.23, another resistance area that traders have identified following the recent recovery.

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Cardano continues preparing for its next network milestone

The latest market discussion also comes as the Cardano network continues infrastructure improvements ahead of its next major protocol upgrade.

Developers recently released Cardano Node 9.0.1, a recommended update for mainnet validators designed to address issues related to the network’s bootstrap process and script execution.

Rather than introducing new user-facing features, the release focuses on improving stability before the ecosystem moves toward its next hard fork.

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The SEC has formally placed three crypto rulemaking items on its 2026 regulatory agenda, according to the Agency Rule List, covering the offer and sale of crypto assets, broker-dealer financial responsibility rules, and Exchange Act amendments for crypto trading on alternative venues.

The moves signal a Commission that is building a structured exemptive regime in parallel with Congress, rather than waiting for legislation to force its hand.

That distinction matters. The CLARITY Act remains unsigned as of early July. The SEC’s decision to queue its own rulemakings now, compresses the timeline for market participants who assumed the regulatory overhaul would arrive via statute first.

Three Items, Three Distinct Market Implications

The first item addresses how crypto assets are offered and sold, and explicitly contemplates certain exemptions and safe harbor provisions. The SEC has already proposed an innovation exemption allowing firms to issue and trade tokenized securities, specifically tokenized U.S. stocks, and that guidance is likely to fall under this rulemaking bucket.

Chair Paul Atkins has framed the broader agenda as embracing innovation, bringing more products onshore, and providing clarity regarding tokenized securities.

For token issuers currently navigating registration ambiguity, a codified safe harbor is the most commercially significant item on the agenda.

It determines whether a project can sell tokens to U.S. retail participants at all, and under what disclosure conditions. The specifics, thresholds, timelines, and the definition of sufficiently decentralized governance remain unresolved, which is precisely why the rulemaking notice is consequential.

The second item targets broker-dealer financial responsibility rules: specifically, Rules 15c3-1 (net capital), 15c3-3 (customer protection), 17a-3, and 17a-4 (books and records), with amendments proposed to address how these apply to crypto assets.

The SEC had previously outlined conditions allowing certain DeFi platforms to operate without registering as broker-dealers. The coming rulemaking could codify those conditions or tighten them, a distinction that will determine whether front-end interface providers and aggregators face full registration burdens or a narrower compliance path.

The third item is a set of Exchange Act amendments covering crypto trading on ATSs and national securities exchanges. This is the market structure piece, the rules governing how venues operate, what disclosures they owe, and how order flow in crypto-asset securities is treated relative to traditional equities.

An ATS operating in crypto currently sits in a compliance gray zone; amended Exchange Act rules would clarify whether existing ATS registration frameworks apply as-is or require a parallel crypto-specific track.

Atkins’ Framing and the Political Context

Chair Atkins, according to the primary source, highlighted the Commission’s effort to embrace innovation, bring more products onshore, create clear rules for capital raising within the crypto ecosystem, and provide clarity regarding tokenized securities, framing all three items as part of delivering on President Trump’s goal to make the U.S. the world’s crypto capital.

That framing is politically deliberate: it ties the SEC’s rulemaking pace directly to an executive mandate, which insulates the agenda from internal resistance and signals to institutional market participants that the direction is durable.

President Trump, at the official kickoff of Trump accounts, stated he was a big fan of crypto and suggested Bitcoin could eventually be included in those accounts.

The political tailwind behind the crypto regulation overhaul is not ambiguous, but political will and regulatory execution are separate variables, and the SEC’s agenda items are proposals, not final rules.

The post SEC’s 2026 Crypto Rulemaking Plan: Safe Harbors, Broker-Dealer Rules and ATS Amendments appeared first on Cryptonews.

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Ethereum has been trying to recover from its early June sell-off, but the rebound is getting rejected from a technically significant resistance area. While short-term momentum still remains constructive, both the daily structure and the Coinbase Premium Index suggest buyers still have work to do before confirming a broader trend reversal.

Ethereum Price Analysis: The Daily Chart

The daily chart shows ETH trading around $1.74K after bouncing from the major demand zone at $1.5K. That area once again attracted buyers and produced a sharp recovery, allowing the asset to attack the $1.85K region once more.

Despite the rebound, Ethereum remains below the long-term descending trendline that has capped it since last year. The recovery has also stalled beneath the resistance at $1.85K, which almost aligns with the trendline and represents the first major barrier buyers must overcome.

Adding to the bearish higher-timeframe picture, the price continues to trade below both the 100-day and 200-day moving averages, with the 200-day MA positioned considerably higher near the $2.2K area. This indicates that the broader trend remains bearish despite the recent recovery.

A decisive daily close above the $1.85K resistance could trigger a move toward the next supply zone around $2K to $2.2K, where the moving averages are also located. Until then, the current advance appears to be a recovery within a larger downtrend rather than a confirmed trend reversal. On the downside, losing the $1.5K support would expose the market to a much deeper decline and an overextension of the bearish trend.

ETH/USDT 4-Hour Chart

The 4-hour chart highlights improving short-term market structure following the strong impulsive rally from the $1.5K region. ETH successfully reclaimed the previous short-term highs around $1.6K, which now acts as bullish order block support following the breakout.

The latest price action shows Ethereum consolidating below the $1.85K resistance zone after failing to extend higher. Recent candles indicate mild profit-taking, while the RSI has cooled from overbought conditions and has fallen back toward the midline, suggesting bullish momentum has weakened in the short term without completely disappearing.

As long as the price holds above the $1.65K order block, the current pullback appears to be a healthy correction within the ongoing recovery. A successful breakout above $1.85K would likely open the path toward the psychological $2K region.

However, failure to defend $1.65K could shift momentum back in favor of sellers and increase the likelihood of another test of the $1.5K support area.

Sentiment Analysis

The Coinbase Premium Index continues to provide a cautious backdrop. The indicator remains below the neutral zero line, with the latest reading around -0.07, indicating that ETH is still trading at a discount on Coinbase relative to other major exchanges.

Historically, sustained positive readings have reflected stronger buying activity from U.S.-based institutional participants. In contrast, the current negative premium suggests institutional demand remains relatively subdued despite Ethereum’s recent rebound.

The chart also shows repeated failed attempts to establish a lasting positive premium throughout recent months, implying that rallies have generally lacked consistent institutional accumulation. While the latest recovery in the index hints at improving sentiment, it has yet to reclaim positive territory, making it difficult to argue that large U.S. buyers have returned in force.

For the broader recovery to gain greater conviction, a breakout above the $1.85K resistance accompanied by the Coinbase Premium Index moving back into positive territory would provide stronger confirmation that institutional demand is beginning to support the advance. Until then, Ethereum’s recovery appears constructive but remains technically vulnerable to renewed selling pressure.

The post Ethereum Price Analysis: Fresh Pullback Pushes ETH Further From $2K appeared first on CryptoPotato.

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XRP remains under pressure across both the USDT and BTC pairs, with sellers continuing to control the broader trend despite several short-lived recovery attempts. While the USDT chart shows buyers defending an important support area, the XRP/BTC pair continues to trade near multi-month lows, highlighting the token’s persistent relative weakness against the market leader.

Ripple Price Analysis: The USDT Pair

On the daily timeframe, XRP continues to trade inside a well-defined descending channel, keeping the broader market structure firmly bearish. It remains below the 100-day and 200-day moving averages, both of which are sloping lower and acting as dynamic resistance above $1.25. This alignment suggests that momentum still favors sellers unless a meaningful trend reversal develops.

After losing the $1.25 level in early June, XRP found demand around the critical $1 region, where buyers have repeatedly stepped in to prevent further downside. This zone has now become the most important support to monitor. As long as it holds, the market could continue forming a short-term base.

On the upside, the first major resistance sits around $1.25. As mentioned earlier, this area also coincides with the descending 100-day moving average and the higher boundary of the channel, making it a significant hurdle for any sustained recovery. A successful breakout above this region would expose the 200-day moving average around $1.45, while losing the $1 support could accelerate another leg lower toward the channel’s lower trendline around $0.80.

Meanwhile, the RSI has been making higher lows despite the price making lower lows near $1, creating a developing bullish divergence. Although this does not confirm a reversal on its own, it suggests that bearish momentum might be exhausted and that buyers could attempt another recovery if resistance levels begin to weaken.

The BTC Pair

Against Bitcoin, XRP continues to paint a weaker technical picture. Again, the pair remains below both major moving averages, which continue to trend lower and reinforce the long-term bearish structure.

After several weeks of sideways trading, XRPBTC is once again testing the key horizontal support around 1,700 sats. This level has acted as the floor for the recent consolidation, and another breakdown attempt is now underway. A confirmed daily close below 1,700 sats would likely invalidate the current range and increase the probability of an extension toward the next major demand zone around 1,450 to 1,500 sats.

To regain bullish momentum, buyers first need to reclaim the 1,850 sats resistance area, which also aligns closely with the declining 100-day moving average. Until then, every rally continues to appear corrective within the broader downtrend, which could lead to more depreciation for XRP against Bitcoin.

The post Ripple Price Analysis: The Critical Level XRP Must Defend to Avoid Another Breakdown appeared first on CryptoPotato.

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The bear cycle is heavily affecting altcoins as expected. With bitcoin (BTC) struggling to remain above $60,000, this group of cryptocurrencies is having it worse.

A report from the market analysis platform CryptoQuant revealed that about 40% of altcoins are currently trading around their all-time low (ATL). This dynamic reflects an extreme level of underperformance among most projects.

Altcoins in Extreme Underperformance

According to CryptoQuant analyst Darkfost, the extreme underperformance of altcoins reflects the harsh reality facing projects that chose to launch tokens. The analyst said he initially built the Percentage of Altcoins Near ATL chart to visualize coins trading below 25% of their all-time low, only to see that at least 40% of these assets are trading near their respective bottoms.

As the bear season progresses and BTC declines further, altcoins’ performance worsens. In fact, when BTC fell below $60,000 last month, the percentage of altcoins near their ATL climbed to 45%.

One of the major drivers of this underperformance is the low liquidity despite thousands of coins being created and added to the market daily. CoinMarketCap data shows that there are 53.5 million cryptocurrencies currently existing, with 60,000 new ones added every day. Unfortunately, the majority of these assets are doomed to fail because of the state of the market and a growing lack of liquidity.

“Without strong incoming liquidity, it’s easy to see why the majority of these cryptos are doomed to fail,” the analyst explained.

No Liquidity Inflow

Darkfost says it is now essential for investors to be highly selective of the projects they choose to be exposed to. This is because the crypto market has changed, and only a few projects will survive the bear phase and stay afloat.

The analyst’s comments echo similar remarks CryptoQuant founder Ki Young Ju made in early December 2024 during the last bull cycle. At the time, the altcoin market sentiment was good, and multiple coins were skyrocketing to multi-year highs. Ju believed the altseason would not play out as investors expected because the sector was not seeing a notable inflow of fresh liquidity.

As Ju predicted, only a few assets recorded significant gains during that period and the bull phase as a whole; the lack of liquidity hampered the growth of other assets. Apparently, the low liquidity has intensified in this bear season, and most altcoins are performing even more poorly.

The post Altcoin Market Reaches Extreme Underperformance, 40% of Coins Trade Near Their ATL appeared first on CryptoPotato.

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The US Department of Justice (DOJ) reportedly warned prosecutors to expect reduced cooperation from Binance in cryptocurrency investigations, according to The Information.

The reported internal memo suggests investigators may face stricter legal requirements when seeking account freezes and asset seizures. Binance, however, has strongly denied making any changes to its law enforcement cooperation policies.

DOJ Memo Signals Tougher Process for Crypto Investigations

According to a report on The Information, the DOJ circulated an internal memo warning attorneys handling digital asset cases that Binance would no longer provide so-called “courtesy freezes” beginning June 8.

Courtesy freezes are voluntary, temporary account restrictions that exchanges can apply upon requests from law enforcement or victims while formal legal documentation is obtained.

The memo reportedly states that Binance will instead require Mutual Legal Assistance Treaties (MLATs) or other formal legal processes before processing requests involving account freezes or crypto seizures.

Such a change could significantly slow cross-border investigations, as MLAT procedures often require coordination between multiple governments and can take weeks or months to complete.

Binance Denies Changing Cooperation Policies

Binance disputed the report, stating that it has not implemented any changes to its cooperation with US law enforcement.

The exchange said it continues responding to legitimate requests through its established Law Enforcement Request System and remains committed to complying with applicable legal requirements.

The denial comes as Binance remains under heightened regulatory scrutiny following its landmark $4.3 billion settlement with US authorities in 2023, which included enhanced compliance obligations and ongoing independent monitoring.

Why the Report Matters

Even if Binance ultimately maintains its current practices, the reported DOJ memo highlights growing sensitivity around how centralized exchanges cooperate with global law enforcement.

For investigators, the loss of informal account freezes could complicate efforts to quickly secure stolen or illicit crypto before funds move across blockchains or jurisdictions.

Whether the reported policy shift materializes remains unclear, particularly after Binance’s public denial. Investors and industry participants will likely watch for further clarification from the DOJ, Binance, or additional reporting, as any changes to exchange-law enforcement cooperation could influence future crypto investigations, regulatory oversight, and compliance standards across the digital asset industry.

The post DOJ Reportedly Warns of Binance Cooperation Shift appeared first on BeInCrypto.

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President Donald Trump declared the US-Iran ceasefire over on Wednesday, reviving fears of a markets crash in July. Stock futures fell more than 1% while oil surged and gold climbed.

Wall Street’s early reaction suggests caution rather than panic. The bigger question is whether renewed war risk triggers a deep July sell-off, or whether investors have already built the danger into prices.

Wall Street Repeats a Familiar Risk-Off Script

The US struck more than 80 Iranian targets overnight after Tehran attacked three commercial vessels in the Strait of Hormuz, CENTCOM confirmed.

Iran’s Revolutionary Guard answered with claimed strikes on 85 US military facilities, activating air defenses in Bahrain and Kuwait.

The June truce died less than halfway through the 60-day window negotiators had set. Yet markets responded in orderly fashion. Dow futures fell 1.10%, S&P 500 futures lost 0.87%, and Nasdaq futures dropped 1.33% in early pre-market trading.

Money rotated out of stocks and into safer assets, the classic risk-off pattern.

Brent crude, the global oil benchmark, jumped more than 6% to $79 per barrel. Gold, a classic safe-haven asset, traded near $4,056. Bitcoin (BTC) traded near $62,170, down roughly 1.6% over the past 24 hours, according to BeInCrypto data.

Although Bitcoin initially dropped on Trump’s ceasefire remarks in Ankara, TradingView data showed index futures recovering part of the drop by the afternoon.

Is July Already Priced In?

Investors have traded this war since February, when Iran shut the Strait of Hormuz for the first time since the 1970s. The opening shock cut far deeper than Wednesday’s dip. The S&P 500 fell 5% in March, while global stocks outside the US lost more than 10%, according to Schwab data.

Since then, each truce has sparked a rally. June’s deal even lifted S&P 500 buy ratings to a record 60%.

However, Schwab strategists Michelle Gibley and Chris Ferrarone saw fragility behind that rebound in April. They argued the rally came mostly from traders unwinding bearish bets, not from any real peace.

“We do not view this as a moment to aggressively add risk,” the strategists wrote in the report, which flagged elevated volatility and headline-driven swings ahead.

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That defensive stance may explain Wednesday’s calm. Investors who had already braced for renewed strikes had less to sell, much as June’s Black Monday fears faded without a crash.

Why a Market Crash in July Hinges on Oil

Crude, not rhetoric, carries the risk of a recession. Brent’s climb this year was already the sharpest in over 40 years of CME Group records, per Schwab.

The firm’s scenario analysis keeps Brent between $75 and $100 in its moderate case, with no major correction. Its adverse case puts crude at $100 to $125 into the second half. That path brings deeper equity corrections and stagnation risk across Europe and Asia.

A severe outcome above $125 implies a global recession and a bear market, a fall of 20% or more in stocks. Veteran trader Dan Dicker already warns of a $135 oil shock. The strait normally carries about 20% of global oil products and 4.5% of world trade.

Tehran’s tone, meanwhile, leaves little room for quick de-escalation. Parliament Speaker Mohammad Bagher Ghalibaf struck a defiant note as the strikes continued.

“The era of bullying and extortion is over… It leads nowhere. We don’t fold,” Ghalibaf said.

July’s verdict now rests on tankers, not rhetoric. If Hormuz traffic and crude prices stabilize, the priced-in camp wins again. A sustained oil spike toward Schwab’s adverse range would hand markets their first true crash test of the summer.

The post Will Financial Markets Crash in July? Iran Ceasefire Collapse Puts Investors to the Test appeared first on BeInCrypto.

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Three of the largest crypto treasury stocks are testing their most important long-term support levels at the same time. Strategy (MSTR) trades near $100, Metaplanet hovers just above ¥200, and Coinbase (COIN) defends $150.

Strategy leads all corporate Bitcoin (BTC) holders with 843,775 BTC, according to BitcoinTreasuries.net data from July 8. Metaplanet ranks third with 43,000 BTC, while Coinbase sits ninth with 16,492 BTC.

MSTR Returns to the $100 Zone That Started the 2024 Rally

MSTR traded near $97 on July 8, with premarket quotes as low as $93. The stock has therefore returned to the $100 zone it broke out from in February 2024.

Historically, this area acted as resistance in February 2021 and November 2021. After the breakout, it flipped into support in April 2024, August 2024, and February 2026.

However, the current test looks like the weakest one yet. MSTR has printed lower highs since its $543 all-time high from November 2024, leaving the stock down roughly 82%.

A weekly close below $100 would mark the first confirmed breakdown since the 2024 breakout. BeInCrypto’s July outlook for MSTR also flagged fading volume behind the recent bounce. The stock even shrugged off reports of a partial Bitcoin sale.

If bulls defend the zone, the nearest resistance sits at $170, followed by a much higher barrier at $400.

Metaplanet Defends ¥200 After a Textbook Bubble Unwind

Metaplanet shows a slightly healthier picture, at least for now. The stock climbed 5.61% this week to ¥226, holding above the key ¥200 zone. That area capped rallies in July 2024 and November 2024 before flipping into support.

The bigger structure still resembles a textbook bubble. The stock rallied around 20 times from its mid-2024 lows to a ¥1,930 all-time high in June 2025. It then collapsed by roughly 88%.

Sellers rejected the January and February 2026 recovery near ¥600, confirming that zone as the key resistance. Meanwhile, the company keeps accumulating and reached a 43,000 BTC milestone on July 2.

Holding ¥200 remains essential for the bulls. In contrast, a breakdown could send the price to the ¥100 area, erasing the entire treasury premium.

COIN Holds $150 and Leads the Crypto Treasury Stocks

Coinbase looks the strongest of the three crypto treasury stocks. COIN traded at $163.51 on July 8, defending the $150 zone for the fourth time since September 2024.

Buyers previously protected this area in April 2025 and March 2026. In contrast to MSTR, the price still holds above its support rather than below it.

COIN trades about 64% below its $444.65 all-time high from July 2025. That drawdown is the smallest in the group, even as the broader crypto stock downturn deepens.

Still, the stock has printed lower highs since the peak. Bulls must reclaim $200 to improve the outlook, while $260 marks the next major barrier. Losing $150 could trigger a decline into the early 2024 range near $120.

Three Levels Will Decide the Next Move

COIN currently shows the most strength, Metaplanet holds its line, and MSTR sits in the most fragile position. Whether $100, ¥200, and $150 hold may decide if the Bitcoin treasury trade stabilizes or unwinds further this quarter.

The post Top 3 Crypto Treasury Stocks to Watch Near Key Support Levels appeared first on BeInCrypto.

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Ethereum (ETH) trades near $1,730, a level last seen in March 2023, after losing 65% from its August 2025 all-time high. Meanwhile, its biggest upgrade since The Merge is approaching with almost no market attention.

On-chain activity remains at bull market levels, yet social interest has collapsed. The technical structure, however, keeps pointing lower as a nine-month downtrend presses the Ethereum price against its last major support.

Glamsterdam Becomes the Catalyst Nobody Is Watching

The Glamsterdam upgrade will be Ethereum’s first major base-layer throughput overhaul since 2022, changing how the network assembles blocks. Crypto analyst Ted Pillows called it the biggest Ethereum upgrade since The Merge.

According to his estimates, the gas limit will rise from about 60 million to 200 million, roughly three times higher. He also projects throughput of up to 10,000 transactions per second and gas fees up to 78% lower.

Devnet-5 and Devnet-6 are already running. Pillows points to an internal mainnet target in late August, while Q3 2026 remains the realistic launch window after the ePBS delay.

“Feels like a fundamental H2 catalyst that’s still flying under the radar while ETH is trading near the lows,” Pillows wrote.

The upgrade also arrives alongside Vitalik Buterin’s Lean Ethereum roadmap, which targets over 10x lower fees but has drawn pushback on its timeline.

Some traders are already positioning aggressively for a rebound. One wallet just opened a $19.9 million ETH long with 20x leverage, with a liquidation price sitting only $50 below its entry. Analysts recently warned that unliquidated longs already dominate major assets, making such bets exceptionally fragile.

On-Chain Data Shows Real Usage Without the Hype

Glassnode data reveals a striking divergence. The 30-day moving average of active addresses holds near 450,000, the same band recorded in August and September 2025, when the Ethereum price traded above $4,500 at cycle highs.

Network usage has therefore decoupled from price. Activity peaked near 740,000 addresses in February 2026, and current readings remain historically elevated even with ETH down roughly 65% from the top.

Sentiment tells the opposite story. Santiment shows ETH social dominance at just 0.587%, among its lowest readings in over a year.

There is no hype and no capitulation chatter either, only apathy. Historically, such disinterest has often accompanied late-stage bear phases rather than market tops.

ETH Price Prediction: $1,754 Is the Line in the Sand

The weekly chart shows the Ethereum price at $1,730, an area that ETH broke out from in March 2023.

The 0.786 Fibonacci retracement at $1,753.66 acts as long-term support, and buyers have defended this zone five times in the past.

Weekly RSI sits near 38, a low reading that has not yet reached bearish extremes. The nearest resistance stands at the 0.618 Fibonacci level of $2,438, about 41% above the current price. A confirmed breakdown would expose the full retracement at $881.56, roughly 49% lower, near the previous cycle bottom.

The daily chart strengthens the bearish case. A descending trendline from the August 2025 all-time high has capped every recovery attempt, most recently rejecting the price from the 0.618 level in May.

That trendline now presses ETH directly against the 0.786 support zone. The squeeze suggests the level may not hold, which could send the price deeper in late summer or early autumn. ETH appeared in far stronger setups as recently as May, before this structure broke down.

Daily RSI confirms the pressure. Its own descending trendline has rejected momentum three times since January, and a fourth rejection now pushes the indicator back to a neutral 51.

If buyers defend $1,754 into the Glamsterdam launch window, ETH could attempt a recovery toward $2,438. A weekly close below the zone, however, would likely confirm the breakdown and shift the target toward $881.

The post ETH at $1,730: Down 65% With Its Biggest Upgrade Weeks Away appeared first on BeInCrypto.

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