Category: News

Ethereum remains under pressure across higher timeframes yet the latest price action shows early signs that bearish momentum might be losing strength. While the broader trend stays decisively bearish recent movements hint that sellers could be nearing exhaustion after weeks of sustained downside.

Ethereum Price Analysis The Daily Chart 🦇

ETH’s recent rejection from the $1.72K-$1.78K supply zone sparked another leg lower driving it back into the critical $1.46K-$1.53K demand region. This zone has acted as support multiple times throughout June and keeps drawing buyers whenever price approaches it.

The standout move on the daily timeframe is the emerging bullish divergence on the RSI. While the asset keeps making lower lows during June the RSI forms higher lows near oversold territory. This divergence suggests downside momentum weakens even as ETH sits near cycle lows.

ETH/USDT 4-Hour Chart 🌑

On the 4-hour timeframe Ethereum has spent recent sessions consolidating above the lower demand zone after the sharp sell-off from resistance. A descending trendline has capped every recovery attempt since the June 22 rejection. Yet the asset now compresses right beneath that trendline while volatility contracts further. This setup opens the door for a short-term breakout if buyers push through trendline resistance.

A successful breakout would likely target the $1.72K-$1.78K supply zone which sparked the latest decline. Such a move would align nicely with the bullish RSI divergence on the daily chart and could spark the first meaningful recovery rally in weeks. On the downside the $1.52K area stays the key level to watch. Losing this support would invalidate the short-term bullish scenario and shift focus back toward deeper downside moves.

Sentiment Analysis 🕸️

The liquidation heatmap shows an interesting shift in liquidity positioning. While liquidity clusters above the current price especially between roughly $1.68K and $1.80K Ethereum trades beneath these large pools. Markets often gravitate toward areas with heavy leveraged positioning making those overhead pockets attractive short-term targets.

Combined with the bullish daily RSI divergence and compression beneath 4-hour trendline resistance the current setup suggests Ethereum may first attempt an upside liquidity grab before the market decides if a more sustainable recovery can unfold. The reaction around the $1.72K-$1.80K liquidity cluster will likely offer key clues on Ethereum’s next major trend.

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Just another echo from the void by iconofsin.eth 💖

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Traced flows exceeding $3.84 billion link CoinEx directly to sanctioned Iranian players across seven years of steady blockchain movement.

TRM Charts CoinEx Iran Ties 🕷️

Fresh data from TRM Labs shows the four newly hit exchanges made up roughly $7.7 billion or 78 percent of Iran’s total attributed crypto flow for 2025. Volumes stayed elevated even after prior enforcement waves. CoinEx itself processed more than $79 billion overall.

This platform founded back in 2017 now stands as Nobitex’s biggest external counterparty. Over $2.7 billion has flowed between them via 6.2 million on-chain transfers since late 2018 averaging roughly $1 million daily. Nobitex net-sent about $360 million extra suggesting consistent outward routing from Iran. 🖤 Volumes climbed from $13 million in 2020 to $575 million in 2021 dipped then rebounded to $714 million in 2024 and $763 million in 2025.

Direct connections reach more than 60 Iranian platforms including Wallex Ramzinex BitPin and others with similar volume shares indicating coordinated patterns rather than random activity. Another $67 million from Iran’s Central Bank reached CoinEx through layered laundering involving multiple chains bridges Gnosis Safe and Aave tokens between June 2025 and June 2026. ViaBTC mining activity tied to the same parent group moved over $154 million toward Nobitex-linked wallets mostly in one direction.

Pattern Shifts After Escalation 🌙

TRM also spotted CoinEx exposure to IRGC-linked wallets Hezbollah Garantex Bitzlato ransomware and mixers. Following intensified US-Iran-Israel tensions average transfer sizes jumped and bigger deals became routine. Post-OFAC sanctions volumes dropped yet private accounts may keep flows hidden from public view.

CoinEx stated no ties exist to the Iranian government or sanctioned parties and denied any funding or support while noting on-chain data alone proves nothing.

CoinEx has never had any relationship with the Iranian government or sanctioned entities and has never provided funding or support to them.

— CoinEx (@coinexcom) embed

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Just another echo from the void by iconofsin.eth 💖

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This week’s report from CryptoRank highlights how DeFi took a beating with 121 hacks so far this year and roughly $942 million drained away.

Q2 Turned Into Peak Season For Exploits 💀

The second quarter saw 85 incidents and about $775 million stolen making it the most intense stretch ever for crypto exploits 🔗. This wave of attacks hits amid a crypto market slump with investor faith fading fast. Total value locked in DeFi protocols slipped each month dropping from $115 billion in January down to $70 billion by late June.

Drift And KelpDAO Attacks Fueled Massive Losses 🌑

CryptoRank data shows Q2 2026 brought 85 incidents which is 49 more than Q1 2026 the prior high for exploit frequency yet the dollar losses fell short of past records. Two consecutive April strikes accounted for most of the quarter’s damage. Drift Protocol and KelpDAO together lost $590 million over half of all DeFi losses this year. Drift revealed attackers grabbed around $285 million in user funds with TRM Labs tying it to North Korea linked groups. Prep for the hit started on chain back on March 11 via a 10 ETH Tornado Cash withdrawal after months of in person meetups between those Pyongyang proxies and Drift staff. The attacker leaned on social engineering to get multisig signers pre approving transactions that hid admin access the firm noted in an April 30 report. Just over two weeks later North Korea’s Lazarus Group hit KelpDAO’s LayerZero setup and snatched nearly $290 million in rsETH. Chainalysis flagged how they faked a cross chain message on April 18 after breaching two RPC nodes in LayerZero’s verifier network while DDoS striking a third to force compromised verifiers. This rigged the process to mint rsETH on Ethereum without burning the matching assets on Unichain. Aave’s TVL then plunged from $26.4 billion to $14.3 billion with $12 billion withdrawn a 46 percent drop.

Market Shrinkage Added Extra Pressure Beyond The Hacks 💀

Aave’s dip matched the broader trend CryptoRank tracked with DeFi value locked sliding every month in 2026 from $115.3 billion in January to just over $70 billion in June. Hacks played a role in eroding user trust yet they were not the sole driver per the data. Still this drop pales against the 2021 2022 cycle where TVL crashed over 70 percent in seven months. The current slide feels slower with structural shifts like stablecoin supply hitting $300 billion real world asset tokenization growing and capital spreading into derivatives infrastructure and lending rather than clustering in AMMs or yield farms. Among top ecosystems by TVL only Tron and Hyperliquid grew this year with gains of 5 percent and nearly 7 percent as Hyperliquid dominated on chain perps. The rest of the top 10 chains sit deep in red with Plasma and Arbitrum hit hardest at 74.6 percent and 55 percent TVL drops.

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Just another echo from the void by iconofsin.eth 💖

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The past several months have not treated XRP too kindly 🖤 after it marked a new all-time high in mid-July 2025 most of the path has led downward with losses exceeding 70% of value and a slide toward $1.00. It fell behind BNB and USDC by market cap while logging six straight red months at one stage.

Run Up Instead? 🌙

Amid the gloom some voices turned sharply bearish with Ali Martinez flagging possible slides to $0.80 then $0.62 or even $0.51 once the $1.00 line cracks. Glassnode noted holders realizing more losses than gains which signals heavier selling even from those already underwater and ChatGPT offered troubling forecasts if $1.00 flips into resistance. Yet such deep negativity might hold the spark XRP needs. Paradoxically markets seldom reward widespread agreement as Warren Buffett captured with his line about fear when others grow greedy and greed when others turn fearful. Extreme pessimism has often sat near major reversals in crypto where BTC ETH and XRP alike saw sentiment collapse only for quiet accumulation by strong hands to fuel recoveries once weak players stepped away. For XRP this quiet buying appears driven by ETF flows that posted eight straight weeks of inflows while BTC and ETH funds saw heavy outflows. The sell-off pushed several on-chain metrics into oversold zones where risk-reward may soon tilt in favor even amid lingering volatility. History favors the asset here as sentiment had sunk to comparable lows in mid-June only to surge double digits within 24 hours once deteriorating behavior reached extremes.

July Agrees ✨

Current numbers place XRP on track for a June close down over 20% marking its weakest monthly showing since February 2025. CryptoRank data shows this fits a pattern of mostly negative Junes for the token. July paints the opposite picture with XRP finishing each of the last six editions in green territory and five of those delivering double-digit gains including 45%+ surges in 2020 and 2023 for a median July lift near 11%.

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Just another echo from the void by iconofsin.eth 💖

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