According to Cointelegraph, Ethereum's native token, Ether (ETH), is experiencing significant selling pressure, which could signal a local top. On Tuesday, ETH's Net Taker Volume reached -$418.8 million, marking the second-largest daily sell imbalance ever recorded. This figure indicates that traders sold 115,400 more ETH than they purchased through market orders, as reported by CryptoQuant data. Net Taker Volume measures the difference between buying and selling executed via market orders, often reflecting urgency or fear among traders. When the sell volume significantly surpasses the buy volume, it typically suggests capitulation or heavy profit-taking. CryptoQuant analyst Maartunn noted that such substantial sell-side imbalances have historically marked local tops, raising doubts about the sustainability of Ethereum's current rally. The recent surge in ETH sell-side pressure coincides with the price testing a historically significant distribution zone between $3,600 and $4,000. This level has consistently acted as resistance since 2021. Ethereum encountered a similar situation in December 2024, when the Net Taker Volume turned sharply negative, and ETH traded near this resistance zone. Subsequently, the price experienced a steep 66% decline, collapsing toward its 50-week and 200-week exponential moving averages (EMA). A similar scenario may unfold, with ETH retesting the $3,600–$4,000 resistance, Net Taker Volume plunging, and the weekly relative strength index (RSI) cooling from overbought levels. The convergence of bearish signals increases the likelihood of ETH retreating toward its 50-week and 200-week EMAs, currently at $2,736 and $2,333, respectively, by September or October. Such a drop would represent a 25%–35% decline from current prices. Readers are advised to conduct their own research when making investment decisions, as this article does not provide investment advice or recommendations.

ETH is retesting a multiyear distribution resistance zone that preceded a 66% drop in December 2024. source: https://cointelegraph.com/news/ethereum-price-top-is-in-eth-sell-pressure-419m-second-highest-level-ever?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

null source: https://x.com/BTC_Archive/status/1953098583684628740

"BNB has demonstrated remarkable resilience and stability in the market, successfully maintaining its position after testing the critical $750 support level, indicating a strong level of investor confidence and the potential for further growth in the upcoming trading sessions." source: https://blocknews.com/bnb-holds-strong-after-testing-750-support/

Paul Atkins unveiled Project Crypto last week, an initiative that Bitwise CIO Matt Hougan is calling the “most bullish” crypto document ever. source: https://cryptonews.com/news/sec-chairs-project-crypto-is-most-bullish-crypto-document-yet-says-bitwise-cio/

The U. S. is now one of the least competitive countries to import bitcoin mining equipment, according to Luxor Technology COO Ethan Vera. source: https://www.theblock.co/post/365793/trump-tariffs-bitcoin-miners?utm_source=rss&utm_medium=rss

XStocks achieved over $2B in trading volumes, while tokenized TSLA became the most popular asset. source: https://www.cryptopolitan.com/xstocks-touch-2b-in-daily-trading-tsla-lead/

XRP and Bitcoin same? XRP Ledger insider reveals why answer is yes source: https://u.today/xrp-and-bitcoin-will-be-completely-identical-lead-contributor-explains-how

U. S. -listed spot %Bitcoin (CRYPTO: $BTC) exchange-traded funds (ETFs) reported a net outflow of $196 million on August 5, marking the fourth consecutive day of losses. Conversely, Ethereum ETF source: http://www.yolowire.com/latestarticles/21186/ethereum-etfs-rebound-as-bitcoin-funds-face-196m-outflow

قد تتمكّن المؤسسات الآن من العمل على أسس أوضح لتطوير منتجات تعتمد على توكنات التحصيص السائل وفتح شرائح جديدة من السوق، وفقًا لما أكده مسؤولون في القطاع. source: https://ar.cointelegraph.com/news/sec-liquid-staking-tokens-win-defi-institutions?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

احتفلت فرس النهر مو دينغ بعيد ميلادها، مما أشعل مهرجانًا استمر أربعة أيام في حديقة حيوانات تايلاندية، وأعاد الاهتمام بعملتها الرقمية "ميمكوين". ارتفعت قيمة عملة "مو دينغ" بأكثر من 17% في عيد ميلادها، مدفوعةً بحماس المعجبين، ونشاط الحيتان، وسوق "ميمكوين" المتنامي الذي أطلقته سولانا.

تمكن مستثمر في العملات المشفرة من تحويل 1331 دولارًا إلى 3.4 مليون دولار في غضون 15 يومًا فقط من خلال شراء رموز Moo Deng، مما أثار تساؤلات حول التداول الداخلي المحتمل. يتناقض الارتفاع في القيمة مع النهج الأكثر تحفظًا، حيث يركز بعض المستثمرين على الاحتفاظ بالأصول الراسخة لتحقيق مكاسب طويلة الأجل.