Quant eyes $146 as inverse H&S breakout fuels bullish reversal hopes

Ethereum took a hit recently, dropping more than 10% in a day amid broader crypto market turbulence. But it’s showing some fight—buyers stepped in to keep it above $2,400 after briefly testing lower levels. Now, traders are eyeing whether ETH can claw back its losses and potentially set the stage for a June rebound.

Editor’s Note: For crypto watchers, Ethereum’s ability to hold key support levels is a big deal. If it stabilizes here, it could signal renewed confidence and maybe even a summer rally. But with the market still shaky, it’s a wait-and-see moment—no one’s popping champagne yet.

The CEO of Hashed Research, a prominent blockchain research firm, has just been named Chief Policy Officer at South Korea’s Presidential Office. This signals a strong move by the government to integrate blockchain expertise into national policymaking, especially as the country continues to position itself as a leader in digital innovation.

Editor’s Note: This isn’t just another bureaucratic shuffle—it’s a clear nod to how seriously South Korea is taking blockchain and Web3 development. By bringing in a tech-savvy leader from the private sector, the government is likely gearing up for more progressive, innovation-friendly policies. For crypto and blockchain advocates, this could mean smoother regulations and bigger opportunities ahead.

A congressional hearing meant to discuss crypto market regulation quickly turned into a political shouting match, with lawmakers trading accusations about the president's connections to the industry and even throwing around terms like "Trump derangement syndrome." Instead of making progress on a much-needed bill, the debate got bogged down in partisan bickering—something that’s becoming all too familiar in crypto policy discussions.

Editor’s Note: This isn’t just another political spat—it’s a real setback for crypto regulation. With lawmakers more focused on scoring points than crafting clear rules, the industry is left in limbo, and investors are stuck with uncertainty. If Congress can’t move past the drama, meaningful crypto legislation might stay stuck in neutral for a long time.

A crypto analyst known as ChartNerd is making waves with a bold prediction: XRP, the digital currency tied to Ripple, could skyrocket to $27 in this market cycle. The analyst points to historical patterns—specifically Fibonacci levels from past cycles—as evidence that XRP is primed for a massive surge. While double-digit prices seemed far-fetched not long ago, this forecast suggests the stars might finally be aligning for XRP holders.

Editor’s Note: If you’ve been holding XRP through its rollercoaster ride, this prediction offers a glimmer of hope. Crypto markets thrive on hype and patterns, and when respected analysts make big calls, it can shift investor sentiment. Even if the $27 target feels optimistic, it’s a reminder that crypto’s wild swings can sometimes work in favor of patient traders. Whether you’re a skeptic or a believer, it’s worth keeping an eye on how XRP behaves in the coming months—especially with regulatory clouds starting to lift.

Gemini, the crypto exchange founded by the Winklevoss twins, is taking steps to go public by filing for an IPO. This move comes as the cryptocurrency market shows renewed energy, with prices and investor interest climbing. If successful, Gemini would join a small but growing list of crypto-focused companies trading on public markets.

Editor’s Note: A major crypto player going public is a big deal—it signals confidence in the industry’s future and could attract more mainstream investors. But it also raises questions: Will regulators give the green light? And can Gemini stand out in an increasingly crowded market? Either way, this IPO could be a bellwether for how traditional finance views crypto’s staying power.