1 July~ : Ethereum spot ETF Launch 2 July : $EGLD - Vega Patch 3 3 July : $RON - Goda Upgrade 3 July : $ETHFI - Cash Card (Pre-order) 4 July : $DESO - Revolution PoS 4 July : Tabi - Early Bird Node Ticket Sale 5 July : $ZIG - Tokenomics Upgrade Proposal ~5 July : $MAVIA - Phase 2 Rollout
8 July : $ETHFI - $150M Unlock 8 July : $ENS - Rebrand news 9 July : $XAI - $85M Unlock 11 July : U.S. - CPI 11 July : Bithumb - Delisting Decision $ALEX 11 July : $OP - Fjord update 12 July : U.S. - PPI
15 July : $STX - Nakamoto Upgrade ~16 July : $DNX - $0xDNX Release 16 July : $AGI - Lucy Beta + PancakeSwap 19 July : Coinbase - COVALยทRAIยทwAMPL Delisting ~19 July : AGIXยทFETยทOCEAN - ASI Merger (Phase 2) ~19 July : $LDO - Community Staking Module testnet (Permissionless)
24 July : $WLD - 6.62M/day Unlock 24 July : $AVAX - Maple Universe Pioneer Test 25 July : $ILV - Open beta Mainnet 25 July : $ALT - $115M Unlock 29 July : $DASH - Dash Evolution Mainnet Beta 30 July : $ROUTE - Router chain Mainnet 30 July : $APT - Supervillain (Game) 31 July : U.S. - Fed Interest Rate Decision ~31 July : $PENDLE - Renzo's points program ends
โข $BNX - BinaryX has announced that the Pancake Mayor game will be shutting down. The operations will cease on July 5.
โข $DNX - Dynex is in final testing to launch quantum computing services on Amazon's AWS Marketplace.
โข $JUP - Jupiter has announced key events over the next two months. There will be a 30% $JUP supply reduction vote in late July.
โข $MPLX - Metaplex has started MPLX buybacks with $8M SOL earmarked and 50% of monthly fees allocated.
โข $PIXEL - Pixels Founder #whatslukedoing will detail future plans tomorrow. According to interview, The studio is working on new Pixels games and a Telegram-based project.
โข $PENDLE - Pendle's TVL has fallen 40% in the past week. The large-scale withdrawals reflect the user's waning interest in restaking airdrops.
โข $PRCL - Parcl has announced that $PRCL staking is almost here.
โข $PSTAKE - pSTAKE Finance has launched the Bitcoin Liquid Staking Testnet on #babylon_chain.
โข $SOL - Solana reached a new ATH in monthly economic value (fees + MEV) at $91.3M or $1.1B annualized.
โข $WLD - South Korea's PIPC will announce the investigation results of the Worldcoin this month. (Personal Information Protection Commission)
โข $ZRO - GSR Markets currently holds 8.649M $ZERO. Now, $ZRO is the largest position in GSR's portfolio.
๐๏ธ Circleโs opportunity to issue USDC and EURC under MiCA ๐๏ธ Interpreting the far-reaching impact of MiCA on Web3, DeFi, stablecoins and ICO projects ๐๏ธ Why Japanese giants Sony and Metaplanet entered the Crypto field in a high-profile manner ๐๏ธ Bankless: Why Lido's bull case fundamentals have never been stronger
BETA is experiencing a sharp rebound from the support trendline of its descending channel, with the 100-day moving average providing additional support beneath the price action. For a strong bullish confirmation, we need to wait for a successful breakout above the channel.
A breakout would signal a potential shift in momentum, indicating the possibility of a sustained upward movement in the price.
๐๏ธ Sony acquires Amber Japan and officially enters the cryptocurrency industry ๐๏ธ Goldman Sachs Digital Assets Conference Summary: What Topics Are Institutions Watching? ๐๏ธ SEC's Proposal to Label BNB Secondary Sales as Securities Rejected, Experts Consider It a "Victory for the Crypto Industry" ๐๏ธ Kanye West's Ex-Girlfriend Launches $MUVA Token, Surges 44,000% in Two Hours โ A Scheme to Exploit Fans?
ETH is currently experiencing a consolidation phase within a descending channel. The price is trading below the resistance trendline of this channel, indicating that the downward pressure is still in play. A significant resistance level is also being reinforced by the 100MA, which is adding to the selling pressure and making it difficult for ETH to break higher.
A successful breakout above the descending channel's resistance trendline, accompanied by a clear move above the 100MA, would suggest a potential reversal and an upward trend. Such a breakout would need to be confirmed by strong trading volume and sustained price action above these resistance levels.
On the other hand, if ETH fails to break above these resistance levels and instead breaks down below the lower trendline of the descending channel, it would signal a continuation of the bearish trend. This breakdown would likely lead to further downside.
๐ This week's most important events ๐ฉ High Impact news
๐ Sunday, 30th June CNY: Manufacturing PMI (Jun)
๐ Monday, 1st July EUR: German CPI (MoM) (Jun) USD: S&P Global US Manufacturing PMI (Jun) USD: ISM Manufacturing PMI (Jun) USD: ISM Manufacturing Prices (Jun)
REI is currently rebounding from the support trendline of its descending channel. However, the Ichimoku cloud is providing resistance just above the price action.
A breakout above both the channel and the Ichimoku cloud would signal bullish confirmation.
Conversely, a failure to break through could result in a decline from this level.