hodler

13 Feb 2026, 05:25

Loopring Delisting Shakes Crypto Market: Upbit and Bithumb Remove LRC Over Critical Compliance Failures

BitcoinWorld Loopring Delisting Shakes Crypto Market: Upbit and Bithumb Remove LRC Over Critical Compliance Failures SEOUL, South Korea – March 14, 2025 – In a significant regulatory move, two of South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, have announced the impending delisting of Loopring (LRC), sending shockwaves through the digital asset community and raising critical questions about project sustainability and exchange compliance standards. Loopring Delisting: The Official Announcement and Timeline Upbit and Bithumb issued coordinated statements confirming the removal of Loopring’s LRC token from their trading platforms. The delisting process will commence at 6:00 a.m. UTC on March 16, 2025. Consequently, Upbit immediately suspended deposits for LRC, while Bithumb will halt all trading services for the token. Both exchanges have established specific withdrawal deadlines, urging users to manage their assets proactively. This decision follows a months-long monitoring period where both platforms placed LRC on their respective watchlists. The exchanges identified multiple unresolved issues during this surveillance phase. Market analysts immediately noted a sharp decline in LRC’s trading volume and price across global exchanges following the announcement. Examining the Core Reasons Behind the Delisting Decision Upbit’s official disclosure cited three primary concerns that ultimately led to the delisting verdict. First, the exchange highlighted deficiencies in disclosures , suggesting the project failed to provide adequate, transparent information to investors and the exchanges themselves. Second, reviewers identified a lack of substance and sustainability in business operations , questioning the long-term viability of the Loopring protocol’s economic model and development roadmap. Finally, Upbit noted insufficient progress on addressing these fundamental issues, despite the project being placed on a warning list. A subsequent review confirmed these concerns remained unresolved, prompting the final action. This process reflects a broader, stricter regulatory environment in South Korea’s crypto sector. The South Korean Regulatory Context and Exchange Compliance South Korean exchanges operate under stringent guidelines from the Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU). These regulations mandate rigorous due diligence on all listed tokens. Exchanges must regularly assess projects based on criteria including: Technical security and audit reports Team transparency and business registration Circulation and supply information accuracy Marketing practices and user protection measures The delisting of LRC represents a proactive enforcement of these standards. It signals a maturing market where exchanges prioritize regulatory compliance and user protection over sheer trading volume. This action aligns with global trends, as jurisdictions worldwide increase scrutiny on cryptocurrency projects. Understanding Loopring (LRC) and Its Market Position Loopring is an open-source protocol for building decentralized exchanges (DEXs) and payment applications on the Ethereum blockchain. It utilizes zkRollup technology to bundle transactions off-chain, thereby increasing throughput and reducing costs. The LRC token functions as the network’s utility and governance asset. Historically, LRC gained significant attention during previous bull markets, particularly for its technological approach to scaling Ethereum. However, the competitive landscape for layer-2 scaling solutions has intensified dramatically. Rivals like Arbitrum, Optimism, and zkSync have captured substantial market share and developer mindshare. This competitive pressure may have contributed to the perceived lack of progress cited by the exchanges. Comparative Analysis of Major Ethereum Layer-2 Solutions (2025) Protocol Technology TVL (Approx.) Key Differentiator Arbitrum Optimistic Rollup $18B Ecosystem size, developer tools Optimism Optimistic Rollup $9B OP Stack, Superchain vision zkSync Era zkRollup $7B Native account abstraction Loopring zkRollup Focus on payments & DEX Immediate Market Impact and Investor Implications The announcement triggered immediate market repercussions. LRC’s price experienced a double-digit percentage drop within hours across global exchanges. Trading volume spiked initially due to panic selling, then contracted sharply as liquidity fragmented. For investors holding LRC on Upbit or Bithumb, the primary action is to withdraw tokens before the deadline to a private wallet or another supporting exchange. Failure to do so may result in assets being converted to Korean Won at a potentially unfavorable rate or becoming inaccessible. This event serves as a stark reminder of the counterparty risk inherent in centralized exchange custody. It underscores the importance of understanding exchange terms of service and the non-guaranteed nature of listings. Historical Precedents and the Delisting Watchlist Process This is not the first major delisting by South Korean exchanges. Previous actions against tokens like Waves (WAVES) and Qtum (QTUM) followed similar patterns of identification, warning, and removal. The watchlist system itself is a critical risk management tool. Exchanges typically review dozens of metrics, including: Development activity and GitHub commits Community engagement and social metrics Legal and regulatory challenges Market performance and liquidity depth Projects placed on this watchlist receive a formal notification and a remediation period, often 30-60 days. The delisting of LRC indicates the exchanges found the project’s response during this period inadequate. This process, while disruptive, provides a structured mechanism for maintaining platform integrity. The Broader Signal for the Cryptocurrency Industry The coordinated action by Upbit and Bithumb sends a powerful message to all cryptocurrency projects. Exchanges, especially in regulated jurisdictions, are increasingly acting as gatekeepers. They are demanding higher standards of operational transparency, communication, and technological progress. For the industry, this could accelerate a trend toward consolidation, where only projects with robust fundamentals, active development, and clear compliance survive on major platforms. Furthermore, it highlights the growing divergence in global regulatory approaches. While some regions embrace innovation with lighter oversight, others, like South Korea, are implementing rigorous frameworks that may influence global standards. Conclusion The Loopring delisting by Upbit and Bithumb marks a pivotal moment in cryptocurrency market maturation. It demonstrates the enforcement power of major exchanges and the rising bar for project sustainability. While creating immediate challenges for LRC holders, this action ultimately reinforces the importance of transparency, continuous development, and regulatory adherence in the digital asset ecosystem. The event will likely prompt other projects to re-evaluate their compliance and communication strategies, potentially leading to a healthier, more robust market structure in the long term. FAQs Q1: What should I do if I hold LRC on Upbit or Bithumb? You must withdraw your LRC tokens to a private wallet or another exchange that supports LRC before the deadline on March 16, 6:00 a.m. UTC. After this time, withdrawals will be disabled. Q2: Will LRC still trade on other exchanges? Yes, the delisting only affects Upbit and Bithumb. Loopring (LRC) will continue trading on other global exchanges like Binance, Coinbase, and Kraken, though liquidity may be impacted. Q3: What were the specific “deficiencies in disclosures” cited by Upbit? While not detailed publicly, such deficiencies typically refer to inadequate reporting on project finances, team changes, technical risks, or circulation data, failing to meet the exchange’s transparency requirements. Q4: Does this mean the Loopring protocol is shutting down? No, the delisting is an exchange decision. The Loopring protocol remains operational on the Ethereum blockchain. However, the decision reflects serious concerns about the project’s business operations and progress. Q5: How might this affect future listings of other layer-2 tokens on Korean exchanges? This action sets a precedent. Other layer-2 and cryptocurrency projects seeking listing or maintaining listings on Korean exchanges will likely face intensified scrutiny regarding their development activity, business sustainability, and disclosure practices. This post Loopring Delisting Shakes Crypto Market: Upbit and Bithumb Remove LRC Over Critical Compliance Failures first appeared on BitcoinWorld .

13 Feb 2026, 05:05

Bitcoin Whale Stuns Market with $135M Binance Deposit: Analyzing the Massive Cryptocurrency Transfer

BitcoinWorld Bitcoin Whale Stuns Market with $135M Binance Deposit: Analyzing the Massive Cryptocurrency Transfer A staggering $135.23 million Bitcoin transaction has captured global cryptocurrency attention this week. An anonymous whale address, identified as 3NVeXm, deposited 2,035 BTC to Binance, according to blockchain analytics firm Lookonchain. This substantial transfer represents just part of a larger movement, as the same entity has moved approximately 10,000 BTC to the exchange over the past 48 hours. The timing and scale of these transactions raise important questions about market dynamics and whale behavior. Bitcoin Whale Activity: Breaking Down the $135 Million Deposit Blockchain data reveals precise details about this significant cryptocurrency movement. The whale address 3NVeXm executed the transaction on March 15, 2025, transferring exactly 2,035 Bitcoin. At current market valuations, this amount equals $135.23 million. Furthermore, analysis shows this address has been consistently active. Over the preceding two days, the same entity deposited roughly 10,000 BTC to Binance. This pattern suggests strategic planning rather than impulsive action. Market analysts immediately noted several important characteristics. First, the transaction occurred during Asian trading hours. Second, the deposit went directly to Binance, the world’s largest cryptocurrency exchange by trading volume. Third, the whale maintained anonymity throughout the process. Blockchain transparency allows tracking of funds but not identification of owners. Consequently, speculation about the entity’s identity ranges from institutional investors to early Bitcoin adopters. Understanding Whale Transactions and Market Impact Cryptocurrency whales significantly influence market sentiment and price action. These entities control substantial digital asset holdings, typically defined as addresses containing 1,000 BTC or more. Their transactions often precede notable market movements. For instance, large exchange deposits frequently signal potential selling pressure. Conversely, withdrawals from exchanges typically indicate accumulation intentions. Therefore, market participants closely monitor these activities. The current transaction carries particular weight for several reasons. The $135 million deposit represents one of 2025’s largest single Bitcoin movements to an exchange. Additionally, the cumulative 10,000 BTC transferred over two days equals approximately $665 million at current prices. This scale naturally affects market psychology. Traders historically interpret large exchange deposits as bearish signals, anticipating possible sales that could increase supply pressure. Recent Major Bitcoin Whale Transactions (2025) Date Amount (BTC) Value (USD) Destination Market Context March 15, 2025 2,035 $135.23M Binance Part of 10,000 BTC movement February 28, 2025 1,850 $118.40M Coinbase Preceded 5% price correction January 12, 2025 3,200 $192.00M Multiple Exchanges Institutional rebalancing Historical data provides crucial context for understanding whale behavior. During the 2021 bull market, similar large deposits often preceded temporary price corrections. However, correlation doesn’t guarantee causation. Some analysts argue that whales might transfer funds for various non-trading purposes. These include collateral for loans, participation in institutional products, or preparation for over-the-counter (OTC) deals. Therefore, comprehensive analysis requires examining multiple factors beyond simple deposit volume. Expert Analysis: Interpreting the Whale’s Motives Cryptocurrency researchers emphasize several plausible explanations for this activity. First, the whale might be preparing to sell portions of their holdings. Large investors sometimes use exchange deposits to facilitate gradual sales through limit orders. Second, the entity could be moving funds for security reasons or exchange diversification. Third, institutional players often use exchange transfers for futures trading or earning yield through exchange-based products. Blockchain analytics firms like Chainalysis and Glassnode provide additional insights. Their data shows that whale exchange inflows have increased 34% year-to-date compared to 2024. Simultaneously, exchange reserves remain near multi-year lows. This apparent contradiction suggests complex market dynamics. Some whales might be selling while others accumulate through different channels. The current transaction’s context includes Bitcoin trading within a 15% range for the past month, indicating potential breakout preparation. Binance’s Role in Major Cryptocurrency Transactions Binance consistently handles substantial cryptocurrency volumes, making it the preferred platform for large transfers. The exchange’s deep liquidity allows whales to execute significant trades with minimal slippage. Furthermore, Binance offers institutional-grade services including OTC desks and customized trading solutions. These features attract major market participants seeking efficient execution. The exchange’s transparency regarding large deposits benefits market analysis. Binance’s public wallet addresses enable real-time tracking of inflows and outflows. This visibility helps analysts gauge market sentiment and potential price pressure. However, Binance also processes transactions for its own operational needs, including hot wallet replenishment and product operations. Therefore, not all large deposits necessarily represent customer selling intentions. Recent developments at Binance further contextualize this transaction. The exchange has expanded its institutional offerings throughout 2025, including: Enhanced custody solutions with insurance coverage Staking products offering competitive yields for large holders Futures and options markets with increased leverage options Tokenized asset platforms bridging traditional and crypto finance These services might motivate whales to transfer funds for purposes beyond simple spot trading. The timing coincides with increased institutional cryptocurrency adoption, as traditional finance firms allocate more capital to digital assets. Major banks and hedge funds have announced Bitcoin investment products throughout early 2025, potentially influencing whale behavior. Historical Context: Whale Movements and Price Action Analyzing historical patterns provides valuable perspective on current events. During previous market cycles, large exchange deposits often preceded short-term price declines. For example, in November 2021, multiple whales deposited over 50,000 BTC to exchanges before Bitcoin’s all-time high correction. However, exceptions exist. Some large transfers resulted from exchange operational needs rather than investor selling. The current market environment differs significantly from previous cycles. Several factors distinguish 2025’s landscape: Increased institutional participation changes whale composition Regulatory clarity in major markets reduces uncertainty Bitcoin ETF products provide alternative exposure methods Market maturity reduces volatility compared to earlier years These developments suggest that whale transactions might have different implications today. Institutional whales often employ sophisticated strategies beyond simple buy-and-sell approaches. They might use exchange transfers for hedging, arbitrage, or participating in decentralized finance (DeFi) ecosystems through wrapped assets. Therefore, interpreting single transactions requires caution and comprehensive analysis. Technical Analysis: Market Response and Support Levels Following the deposit announcement, Bitcoin’s price showed minimal immediate reaction. The cryptocurrency maintained its trading range between $65,000 and $67,500. This stability suggests the market either anticipated the movement or considered it insignificant for fundamental valuation. Technical indicators provided mixed signals, with some showing neutral momentum while others indicated potential accumulation at lower levels. Market depth data reveals interesting patterns. Order books show substantial buy support around $64,000, potentially indicating where institutional buyers might enter. Resistance levels appear near $68,000, where previous rally attempts encountered selling pressure. The whale’s deposit adds to existing exchange supply, but demand appears sufficient to absorb potential sales based on current order book analysis. Conclusion The anonymous Bitcoin whale deposit of $135 million to Binance represents a significant cryptocurrency market event. This transaction, part of a larger 10,000 BTC movement over two days, highlights ongoing institutional activity in digital assets. While such transfers historically signaled potential selling pressure, 2025’s market context suggests multiple possible interpretations. The evolving cryptocurrency landscape, with increased institutional participation and product sophistication, requires nuanced analysis of whale behavior. Market participants should monitor subsequent blockchain data and exchange flow metrics for clearer directional signals. This Bitcoin whale activity ultimately demonstrates the market’s maturation as large transfers occur with minimal price disruption, reflecting improved liquidity and participant sophistication. FAQs Q1: What is a Bitcoin whale? A Bitcoin whale is an individual or entity holding substantial amounts of Bitcoin, typically defined as addresses containing 1,000 BTC or more. These large holders can influence market prices through their trading activities. Q2: Why do whales deposit Bitcoin to exchanges? Whales deposit Bitcoin to exchanges for various reasons including preparing to sell, participating in trading products, providing collateral for loans, or moving funds between storage solutions. Not all deposits indicate imminent selling. Q3: How does this $135M deposit affect Bitcoin’s price? The immediate price impact appears minimal as markets often anticipate large movements. However, sustained selling from such deposits could increase supply pressure, potentially affecting prices if demand doesn’t match the increased available supply. Q4: Can we identify who owns the whale address? Blockchain addresses are pseudonymous, meaning transactions are public but identities aren’t directly revealed. Advanced analysis might uncover patterns suggesting institutional vs. individual ownership, but specific identification remains challenging. Q5: How common are transactions of this size? Transactions exceeding $100 million occur regularly in Bitcoin markets, especially during periods of high volatility or institutional rebalancing. Their frequency has increased with growing institutional participation in cryptocurrency markets. This post Bitcoin Whale Stuns Market with $135M Binance Deposit: Analyzing the Massive Cryptocurrency Transfer first appeared on BitcoinWorld .

13 Feb 2026, 05:00

Binance shifts $1B SAFU fund into Bitcoin – Is BTC’s bottom forming?

Will the rising whale buying spree help form final market bottom for BTC?

13 Feb 2026, 03:40

Bitcoin Whale Stuns Market with $560 Million Binance Deposit, Signaling Potential Volatility

BitcoinWorld Bitcoin Whale Stuns Market with $560 Million Binance Deposit, Signaling Potential Volatility A staggering transaction has rippled through the cryptocurrency markets this week, as an anonymous Bitcoin whale deposited a colossal 8,200 BTC, valued at approximately $560 million, to the global exchange Binance. This substantial movement, tracked by the blockchain analytics platform Lookonchain, occurred over a concentrated 48-hour period and immediately triggered widespread analysis regarding its potential impact on Bitcoin’s price stability. Historically, such large-scale deposits to centralized exchanges often precede selling activity, placing market participants on high alert for increased volatility. Decoding the $560 Million Bitcoin Whale Transaction The transaction originated from a wallet address beginning with ‘3NVeX’. Blockchain analysts swiftly identified the movement. Lookonchain, a respected on-chain data provider, reported the series of deposits. The total sum of 8,200 Bitcoin represents one of the largest single-entity transfers to an exchange in recent months. Consequently, the crypto community quickly scrutinized the event’s timing and scale. Market data shows Bitcoin trading within a defined range prior to this activity. This deposit, therefore, introduces a significant variable into the current market equation. Exchange inflows of this magnitude typically reduce immediate selling pressure on the open market. However, they increase the readily available supply on the exchange’s order books. Experts consistently monitor whale wallets for precisely this reason. Large holders, or “whales,” possess the capacity to influence market sentiment and price direction through their actions. A deposit of this size does not automatically guarantee an immediate sell-off. Nevertheless, it provides the whale with the liquidity to execute trades rapidly. The market now watches for corresponding outflows from Binance’s known hot wallets. These outflows would indicate the exchange is processing large sell orders on behalf of clients. Understanding Whale Behavior and Market Impact Cryptocurrency whales are entities that hold sufficiently large amounts of a digital asset to potentially move its market price. Their behavior provides critical signals to traders and analysts. Typically, analysts interpret fund movements from private cold storage wallets to public exchange wallets as preparatory steps for trading. The whale in this instance has moved assets from a presumably secure, non-custodial wallet to a platform designed for easy conversion to fiat currency or other cryptocurrencies. This action carries several potential implications for the broader Bitcoin market: Increased Selling Pressure: The most direct interpretation suggests the whale may be preparing to sell a portion or all of the deposited BTC, which could push prices downward if executed as a market order. Liquidity for OTC Deal: Alternatively, the whale could be facilitating a large over-the-counter (OTC) trade. Binance’s OTC desk often handles billion-dollar transactions that avoid affecting the public order books. Collateral for Lending: The Bitcoin might serve as collateral for a loan or margin position within Binance’s financial products, a common strategy for institutional players. Market Sentiment Gauge: Regardless of intent, the move itself often affects trader psychology, potentially inducing caution or prompting follow-on selling from retail investors. Historical precedent supports the cautious interpretation. For example, previous large deposits to exchanges in early 2022 and late 2023 frequently preceded short-term price corrections. However, correlation does not equal causation. Each event possesses unique contextual drivers. Expert Analysis and On-Chain Context Blockchain analysts emphasize the importance of contextual clues. They examine the source wallet’s history, including its age and previous transaction patterns. An older wallet spending coins might signal a long-term holder taking profits. A newer wallet might indicate a fund or institution rebalancing. As of this report, the source address ‘3NVeX’ shows limited public transaction history prior to this event, making long-term behavioral analysis challenging. Furthermore, analysts cross-reference this data with other market metrics. Key metrics include exchange net flow, the Bitcoin Fear and Greed Index, and derivatives market funding rates. A simultaneous spike in exchange inflows across multiple whales would signal a stronger bearish trend. Currently, this appears as a significant but isolated event. The timing is also crucial. The deposit occurred amidst ongoing macroeconomic uncertainty regarding interest rates and geopolitical tensions, factors that traditionally influence risk assets like Bitcoin. Data from Glassnode and CryptoQuant, other leading analytics firms, shows that overall exchange balances have been trending downward since the 2022 bear market. This macro-trend of withdrawal to self-custody underscores the significance of a contrary, large-scale deposit. It represents a notable deviation from the prevailing “hodl” mentality among large holders. The Role of Binance in Major Cryptocurrency Transactions Binance remains the world’s largest cryptocurrency exchange by trading volume. It consistently handles a disproportionate share of major whale movements. The platform’s deep liquidity makes it the preferred venue for executing large orders without causing excessive price slippage. For a transaction valued at $560 million, the choice of Binance is logical and expected. The exchange’s institutional-grade infrastructure and OTC services cater specifically to high-net-worth individuals and corporate entities. This event also highlights the critical role of transparency tools in the crypto ecosystem. Services like Lookonchain, Etherscan for Ethereum, and others provide real-time visibility into blockchain activity. This transparency allows the market to digest and react to information far more quickly than in traditional finance. However, it also requires sophisticated interpretation to separate signal from noise. The public nature of the Bitcoin ledger means anyone can audit the flow of funds, a foundational principle of the technology. Potential Outcomes and Trader Preparedness The immediate market reaction to the news was a slight dip in Bitcoin’s price, followed by consolidation. Traders now assess several potential scenarios. If the whale sells gradually using limit orders, the market may absorb the selling with minimal disruption. A rapid market sell order could trigger stop-losses and create a sharper decline. The other possibility is inaction; the coins may sit in the Binance wallet indefinitely if the whale’s plans change. Prudent market participants use such events to review their risk management strategies. They often consider adjusting stop-loss orders or rebalancing portfolio allocations. Importantly, one whale’s action does not dictate long-term Bitcoin fundamentals. Network security, adoption rates, and regulatory developments remain the primary long-term price drivers. This event serves as a reminder of the market’s volatility and the influence of major holders. Conclusion The deposit of 8,200 BTC worth $560 million to Binance by an anonymous Bitcoin whale stands as a significant on-chain event with clear implications for market sentiment. While the exact intent behind the transfer remains unknown, historical patterns suggest it increases the probability of near-term selling pressure. The market’s response will depend heavily on whether this is an isolated action or the start of a broader trend of exchange inflows. This event underscores the transparent yet complex nature of cryptocurrency markets, where large transactions are public knowledge but require expert analysis to interpret correctly. All participants should monitor subsequent blockchain data and exchange flow metrics for confirmation of the whale’s next move. FAQs Q1: What does it mean when a whale deposits Bitcoin to an exchange? Typically, it signals potential selling activity. Moving coins from private storage to an exchange provides the liquidity needed to execute trades quickly, though it can also be for OTC deals or using the crypto as collateral. Q2: How can analysts track whale movements? Analysts use blockchain explorers and data platforms like Lookonchain, Glassnode, and CryptoQuant. These tools monitor large wallet addresses and track fund flows between wallets and known exchange addresses. Q3: Will this $560 million deposit definitely cause Bitcoin’s price to drop? Not definitively. While it increases available sell-side liquidity, the price impact depends on if, when, and how the whale sells. The market may absorb the selling if done slowly, or it could trigger volatility if done rapidly. Q4: What is an OTC trade, and could this be one? An Over-The-Counter (OTC) trade is a private transaction between two parties, often facilitated by an exchange desk. It avoids the public order book. Yes, this deposit could be to facilitate a large OTC trade, which would minimize public market impact. Q5: Why is the wallet address only partially shown (‘3NVeX’)? For privacy and security, news reports and analysts often show only the first few characters of a blockchain address. This is sufficient to identify the specific transaction on an explorer while limiting the risk of address spoofing or harassment. This post Bitcoin Whale Stuns Market with $560 Million Binance Deposit, Signaling Potential Volatility first appeared on BitcoinWorld .

13 Feb 2026, 03:32

SOL, Coinbase CEOs to CFTC Committee

CFTC includes SOL CEO Yakovenko, along with Coinbase and Ripple executives, in the committee. The 35-member group will shape derivatives markets. SOL $78.96, RSI 26.20 oversold. Goldman Sachs holds...

13 Feb 2026, 03:18

Ethereum Price Rejected Again — Is Another Leg Lower Brewing?

Ethereum price started a fresh decline and traded below $1,980. ETH is now consolidating and remain at risk of another decline below $1,920. Ethereum struggled to extend gains above $2,000 and corrected lower. The price is trading below $1,980 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,000 zone. Ethereum Price Remains In The Red Ethereum price failed to stay above $2,000 and started a fresh decline, like Bitcoin . ETH price traded below the $1,980 and $1,960 levels to enter a bearish zone. The pair dipped below the 50% Fib retracement level of the upward move from the $1,745 swing low to the $2,168 high. The bears even pushed the price toward the $1,900 support. Besides, there is a bearish trend line forming with resistance at $1,960 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,980 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,920, the price could attempt another increase. Immediate resistance is seen near the $1,960 level and the trend line. The first key resistance is near the $2,000 level. The next major resistance is near the $2,050 level. A clear move above the $2,050 resistance might send the price toward the $2,150 resistance. An upside break above the $2,150 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,280 in the near term. Downside Extension In ETH? If Ethereum fails to clear the $1,960 resistance, it could start a fresh decline. Initial support on the downside is near the $1,920 level. The first major support sits near the $1,900 zone or the 61.8% Fib retracement level of the upward move from the $1,745 swing low to the $2,168 high. A clear move below the $1,900 support might push the price toward the $1,845 support. Any more losses might send the price toward the $1,800 region. The main support could be $1,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,900 Major Resistance Level – $2,000