ETH falls below the $3100 mark

[A certain whale sold 7,621 ETH in the past 3 days, cashing out approximately 23.85 million USDT] Over the past 3 days, a certain whale sold 7,621 ETH at an average price of $3,129, exchanging for approximately 23.85 million USDT.

[HyperFund Promoter Rodney Burton Charged with 11 Counts, Facing Up to 20 Years in Prison] The U.S. Attorney's Office for the District of Maryland has announced a superseding indictment against cryptocurrency promoter Rodney Burton, known online as 'Bitcoin Rodney,' for allegedly promoting the $1.8 billion HyperFund crypto scheme. Burton faces 11 federal charges, including conspiracy to commit wire fraud, seven counts of money laundering, and operating an unlicensed money transmitting business. If convicted, he could face up to 20 years in federal prison. Burton promoted the scheme from June 2020 to May 2024, using the funds to purchase luxury homes and yachts. Co-defendant Brenda Chunga has pleaded guilty, while co-founder Sam Lee remains at large.

Onchain Lens monitoring shows that a newly created wallet has withdrawn 23637 ETH from Kraken, worth approximately $73.4 million. The wallet address is suspected to belong to BitMine. （Onchain Lens）

1. Analysis suggests that raising interest rates in the Japanese yen may not trigger risk aversion sentiment 2. Trump calls Kevin Walsh his first choice as Federal Reserve Chairman 3. Gold is currently trading at $90300, with the possibility of a change in direction. Attention should be paid to changes in support levels 4. SEC Chairman says US government has given Bitcoin 'approval stamp' 5. MicroStrategy retains Nasdaq 100 index seat and continues to hoard Bitcoin 6. Grayscale predicts that the 4-year cycle of Bitcoin may no longer be applicable and is expected to reach a new high by 2026 7. Bitmine holds a total supply of 3.2% ETH worth $12 billion 8. This week, the net inflow of Bitcoin spot ETFs in the United States was $286.6 million The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/506376

Member indicators show that the current ETH trading volume is extremely shrinking, only 44.06% of the recent average, indicating a strong wait-and-see sentiment in the market. Meanwhile, the price is below the EMA24/52 moving average, showing an overall weak pattern. The distribution of chips reveals that 3106.5 is a strong support level, and if it falls below, it may accelerate the exploration of the low volume area of 3031.5. Although the MACD bar chart shows an increase in upward momentum, the convergence of the KDJ indicator suggests limited room for rebound. Combining with the latest K-line pattern of the Cross Star, there is fierce competition between long and short positions, and short-term attention should be paid to the breakthrough of resistance on 3128.5. Unlock member indicators, accurately capture trend reversal signals, and seize the opportunity! The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.