CryptoTradi

🏛️ Historic American Legislation
• President Trump signs the "GENIUS Act": a federal law regulating stablecoins and protecting users with bipartisan support from Congress.
• This law represents the first comprehensive framework for stablecoins in the United States and enhances financial oversight.

⸻
📈 Market Movements
• The total market capitalization of cryptocurrencies exceeded $4 trillion, driven by the rise of Ethereum, XRP, and altcoins.

Ethereum is trading at $2,597, marking a 2.43% gain intraday. The daily trading range spans from $2,534 to $2,623. With a market capitalization of approximately $314 billion and around 120.7 million ETH tokens in circulation, Ethereum holds the #2 spot in the crypto rankings.
Latest Developments:
1. Strong Institutional Demand via Spot ETH ETFs
On July 7, U.S. spot Ethereum ETFs attracted $61.3 million in fresh inflows. Leading the charge was BlackRock’s ETHA ETF with $8.9 million in new investments. This influx underlines growing institutional confidence in Ethereum as a mainstream digital asset.
2. Macro Crypto Momentum
Ethereum, along with other major cryptocurrencies like Bitcoin and XRP, surged roughly 5.8%, fueled by positive ETF-related momentum. Additionally, Trump Media’s upcoming “Crypto Blue Chip ETF” plans to allocate 15% of its holdings to Ethereum, further integrating ETH into regulated financial markets.
Technical & Market Insights:
Ethereum has successfully crossed above the 100-hour moving average near $2,580, signaling potential upside momentum toward the $2,620–$2,650 range. Resistance may build between $2,680 and $2,700. On the downside, support zones lie near $2,550 and $2,500, where buyers may step in if profit-taking occurs.
Outlook & Strategy:
Timeframe Outlook
Short-Term Momentum from ETF inflows could push ETH toward $2,620–$2,680, with support around $2,550.
Mid-Term Sustained institutional buying, particularly through spot ETH ETFs, may drive prices closer to $3,000, assuming favorable macroeconomic conditions.
Potential Catalysts:
Approvals of spot Ethereum ETFs
Continued strong inflows into these ETFs
Increasing tokenization efforts by major asset managers like BlackRock
Risks to Monitor:
Broader market sell-offs
Profit-taking pressure
Unfavorable macroeconomic developments
Recommended Trading Approach:
Entry: Consider buying between $2,550 and $2,600
Stop-loss: Place just below $2,550 to manage downside risk
Watch for a breakout above $2,650–$2,680 to target a move toward $3,000
Keep an eye on ETF inflows and overall macro sentiment for signals
#AltcoinETFsWatch #Ethereum #CryptoTradi #BinanceHODLerLA #SECETFApproval
$ETH

🚨 Altcoin Market Alert: Is the Next Altseason Here? 🚨

The altcoin market is testing a multi-year resistance level — a crucial technical point traders have been monitoring. A breakout here could mark the start of a massive rally.

🔥 What’s driving momentum?

The Federal Reserve’s interest rate decision on Sept 17 could act as the catalyst. Historically, rate cuts = liquidity boosts, often fueling speculative crypto rallies.
Market sentiment is heating up as investors prepare for what could be the defining moment for altcoins.

If the breakout confirms, we may see strong momentum across multiple altcoins, signaling the long-awaited Altseason. 🚀

💡 Key Insight: Stay informed, stay vigilant, and hold strong if you believe in the long-term growth of crypto. The next big wave might be closer than ever! 🌊✨