Ethereum price rallies into resistance while bearish structure holds: Dead-cat bounce?

BitMine's stock has shown a gradual increase in recent weeks, driven by a series of strategic acquisitions of Ethereum, including a notable purchase of 14,618 ETH valued at approximately $44 million. This uptick in stock price coincides with Ethereum's recovery above the $3,000 mark after a period of selling pressure.

Revolut has integrated with Trust Wallet to enable users in the European Economic Area (EEA) to purchase cryptocurrencies such as BTC, ETH, SOL, USDC, and USDT directly into self-custody wallets, with options for zero fees under the Markets in Crypto-Assets (MiCA) regulation. This integration aims to simplify the buying process for users seeking to manage their digital assets independently.

Superstate has launched Onchain Direct Issuance Programs for SEC-registered companies, enabling them to issue tokenized shares on the Solana and Ethereum blockchains. This initiative allows for stablecoin payments and instant issuance, marking a significant advancement in blockchain-based capital raising.

Ethereum is experiencing a rally, driven by whale accumulation and renewed inflows from spot ETFs, as traders anticipate a potential rise towards the $4,000 resistance level. The cryptocurrency has regained the $3,150 mark following a period of volatility, indicating a shift in market sentiment ahead of the U.S. Federal Open Market Committee's decisions.

Bitcoin (BTC) has returned to the $90,000 mark, while Ethereum (ETH) is testing the $3,200 support level. This follows a recent interest rate cut by the Federal Reserve, which has led to fluctuating market sentiments within the cryptocurrency community.

Bhutan has launched the TER token, a fully gold-backed digital currency on the Solana blockchain, as part of its strategy to enhance its digital economy through tokenized assets and pilot projects involving central bank digital currencies (CBDCs) and Ethereum-based digital identities.

The cryptocurrency market has faced a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) giving back recent gains, resulting in the liquidation of $370 million in bullish bets. This decline follows a brief period of optimism, highlighting the volatility inherent in the crypto market.

Dogecoin (DOGE) has experienced a decline, falling below the $0.1450 mark against the US Dollar, and is currently consolidating losses with resistance noted around $0.1420. The price has dropped below key support levels, including a break of a bullish trend line, indicating bearish momentum in the market.