Crypto news from BWorld: The Ethereum price traded close to $1,790 on Sunday, up about 3% from Thursday and Friday. DefiLlama data shows that Ethereum reached $1,789 but failed to break through the $1,800 resistance level. Despite Ethereum gaining new institutional usage, key market indicators in the core market remained weak. Robinhood Chain attracted Ethereum deposits, while Bitmine expanded its corporate treasury. Even so, weak futures demand reduced evidence supporting a sustained breakout. CoinGecko historical data shows that Ethereum closed at around $1,780 on July 4, up from $1,608 at the beginning of July. Ali Martinez said Ethereum tested the upper limit of its channel, and the Tom DeMark indicator issued a sell signal.

ETH-0.27%
BMNR1.87%
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RouterRunner
· 3h ago
After the channel limit test is completed, it drops again—a classic false breakout pattern.
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FrontrunTherapy
· 3h ago
The TD indicator has issued a sell signal—short-term traders should probably make a move now.
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NeonStreetReflections
· 3h ago
Climbing from 1608 to 1780—this rebound just isn’t that strong.
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GateUser-fb035825
· 3h ago
Robinhood Chain’s deposit-attracting tactic is pretty clever, but weak futures demand is definitely a real pain point.
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MoonlightColdWallet
· 3h ago
This 1,800 threshold is really too hard to break— even institutions that move in can’t push it up.
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