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/

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区块链——现实世界「权力碎片化」的虚拟复制品，或许正为那些被困在强权之下的人，提供一条幽微但坚定的逃生之路。

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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

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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

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谁是下一任美联储主席？特朗普最新讲话透露重磅信号！

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Swedish Prime Minister Ulf Kristersson is facing heavy backlash after openly revealing that he frequently uses ChatGPT to help guide his political thinking.