US EIA Strategic Petroleum Reserve Inventory for the week ending June 27

The African Development Bank Group (AfDB) has wrapped up a high-level workshop in Bangui, Central African Republic (CAR), aimed at building national capacity to combat illicit financial flows (IFFs) and tighten governance around resource-backed loans – a financing tool increasingly used across Afric

#RBLS# will delist on 06.06.2025

#RBLS# will delist on 0.6.06.2025

#RBLS# look at the 4-hour K-line, it seems to soar into the sky. Ambush and set the selling price. Leave the rest to fate.

#Crypto Market Rebound# Ethereum Bears Sold $2.5 Billion: Will ETH Price Be Affected? Ethereum has been trading sideways this week, helping the altcoin break out of a nearly three-week downtrend. Despite facing bearish signals like whale sell-offs, Ethereum’s price has managed to remain stable. This stability is fueling expectations of an impending breakout and paving the way for a potential rally. Ethereum Whales Are Selling Whale addresses are currently in a bearish trend, as several large investors have begun liquidating their positions. Over the past 48 hours, addresses holding between 1 million and 10 million ETH have sold 1.06 million ETH, worth around $2.57 billion. Whale sell-offs typically put downward pressure on the price and signal a potential bear market. In this case, however, Ethereum’s price has held its own, suggesting that the market is resilient. Looking at Ethereum’s macro momentum, the IOMAP (In Profit/Loss Around Price) chart reveals a significant demand zone for ETH. This zone holds 65.83 million ETH worth over $159 billion. These assets were purchased between $2,349 and $2,421, creating a strong support area. Since a large number of investors who purchased ETH in this price range are unlikely to sell at breakeven or at a loss, it is difficult for the price to drop below this important support. This demand zone acts as a solid cushion for Ethereum’s price from sharp declines. The support from these investors is helping to keep Ethereum’s price stable despite the recent selling pressure. As a result, it is unlikely that the price will drop sharply below $2,344, otherwise it would signal a more significant bear trend. ETH Price Stagnates Ethereum’s price is currently trading at $2,424, just below the critical $2,476 resistance. Despite the lack of a significant increase, the sideways movement has allowed ETH to break out of its three-week downtrend. This phase of price stagnation is setting the stage for potential upward momentum. The factors discussed earlier suggest that Ethereum could continue to consolidate between $2,344 and $2,476 or potentially break the resistance. If Ethereum manages to turn the $2,476 level into support, it is likely to rally to $2,606. This would signal a significant breakout and could attract more buyers to the market. On the other hand, if the overall market conditions become extremely bearish like last week, Ethereum’s price could fall below $2,344 and drop to $2,205. A drop below this support would invalidate the current bull thesis and could potentially signal further declines. #ETH#