Price has successfully broken out of a multi-day descending channel and is currently retesting the upper trendline as dynamic support (now acting as a bullish continuation structure).
Key Observations: • Strong bullish momentum after the breakout • Higher lows formed inside the new ascending micro-channel • Volume increasing on the push up • Current price: ~$2.324 (slight pullback from local high ~$2.40)
Trade Idea (Aggressive Scalp / Swing): Entry: Market or Buy Limit @ $2.315 – $2.325 (current retest zone) Take Profit Levels: • TP1: $2.365 (+2%) • TP2: $2.400 (+3.5%) • TP3: $2.450 – $2.480 (+6–7%) → channel top + previous swing high
🚨 $3B in Ethereum Shorts at Risk as ETH Nears $3,500 Breakout
Ethereum is closing in on the key $3,500 resistance, putting over $3 billion in short positions at serious risk. If bulls manage to push ETH above this level, the market could see a powerful short squeeze.
Shorts benefit when prices fall — but when the price rises, traders are forced to buy back ETH to limit losses. This forced buying often accelerates the rally, creating a rapid upward move.
🔥 Why $3,500 Is Critical
The $3,500 level has acted as a major psychological and technical barrier. ETH has attempted to break it several times but faced strong selling pressure. A confirmed close above this zone would signal strong bullish momentum and could trigger massive short liquidations.
📊 What Could Happen Next
Market data shows that a breakout may wipe out billions in short positions, potentially sending ETH sharply higher — possibly toward the $4,000 mark.
🎯 What Traders Should Expect
High volatility in the coming sessions
Possible short squeeze if $3,500 breaks
Strong upside momentum for long positions
Increased buying interest if ETH flips resistance into support
The next move above $3,500 could set the tone for Ethereum’s next major rally. #ETF #ETH
Outdated USDC Permission Sparks $340K Wallet Drain Through Proxy Contract
⚠️ $340K Drained Due to Old USDC Approval — CertiK Issues Warning
CertiK has reported a new exploit involving a proxy contract (0x0689…4B43) that drained nearly $340,000 from user wallets. The root cause was surprisingly simple: a USDC token approval that users granted back in 2020 and never revoked.
This incident highlights the long-term risk of leaving old token approvals active. Once a smart contract is approved to spend your tokens, that permission remains live indefinitely—until you manually revoke it.
🔍 How the Exploit Occurred The attacker took advantage of a proxy contract that still had outdated USDC spending permissions. Many affected wallets had approved this contract years ago, and those lingering permissions allowed the attacker to drain funds without any new interaction from the victims.
Because proxy contracts can upgrade their logic, they can be repurposed in malicious ways if compromised. If an attacker gains control of the contract’s logic, they can execute transactions using the old approvals still tied to user wallets.
🚨 Alert: “An exploit on proxy contract 0x0689…4B43 drained roughly $340K due to a USDC approval from 2020. Users should review and revoke outdated permissions.”
🔐 Stay Safe: Revoke Unused Approvals Users are strongly advised to revisit their wallet permissions and remove any old or unnecessary approvals. Tools like Revoke.cash and Etherscan Token Approval Checker make this easy.
Even if your wallet looks safe today, an old approval could expose it tomorrow. Regular permission cleanup is just as important as keeping your private keys secure #BTC #ETH #USDC
Bitcoin has hit a major milestone, trading around $91,100 today. This bullish breakout reflects rising investor confidence driven by strong institutional interest, expectations of ETF inflows, and favorable macro conditions. Analysts suggest BTC may now be stepping into a new price-discovery phase, breaking away from previous consolidation levels.
🔥 Ethereum is showing renewed strength as well, reclaiming the $3,000 level after weeks of sideways trading. Discussions around an Ethereum ETF, upcoming network upgrades, and increasing DeFi activity are helping boost market confidence. Many believe ETH’s move above $3K signals a broader shift of momentum back into the altcoin market.
💬 Social Sentiment Turns Positive Latest sentiment data shows a clear shift from fear to optimism across the crypto community. Historically, these sentiment flips often lead to strong market moves. Analysts are calling this a potential counter-trend rally forming beneath the surface.
📈 With both BTC and ETH gaining momentum, the market appears ready to test new resistance levels. While global and regulatory risks remain, the continued strength suggests the bullish trend may extend if momentum holds. #BTC #ETH
🚀 Bitcoin Rebounds Strongly — Hits $93K as Bulls Take Control Bitcoin has made a powerful comeback, surging to $93,000 just days after a sharp weekend drop that shook the market. This rapid rebound has renewed investor confidence, with analysts now eyeing the next big target — $100,000. 📈 Bullish Momentum Builds After briefly falling below key support levels on Sunday, many saw the dip as a healthy correction. The quick recovery back to $93K highlights strong demand, rising buying pressure, and renewed institutional interest. Market analysts on X suggest this surge could mark the beginning of another major leg in Bitcoin’s long-term bull run. A breakout above $90K has also sparked growing FOMO among retail traders. 🌍 Macro Factors Support the Rally Inflation worries and global uncertainties continue to push investors toward Bitcoin as a hedge and store of value. Trading volumes are rising, and overall sentiment across the crypto market is turning positive, with altcoins like ETH and SOL also gaining momentum. ⚠️ But Stay Cautious Volatility remains high, and sharp rallies can bring sudden pullbacks. Risk management is essential in this phase. Still, with momentum building, the psychological $100K milestone is now closer than ever. #BTC #ETH #sol
Stop Loss: 2.2040 – 2.2100 (Invalidation if closes above 2.2042 on 1h/4h)
Risk-Reward: 1:3 to 1:5+ (depending on exact entry)
Reasons: • Previous breakout target ($2.18+) fully hit • Double top formation + bearish divergence on RSI (15m & 1h) • Declining volume on the push up – sign of exhaustion • High probability of first major pullback after the breakout
Perfect switch from long → short for those who booked profit earlier. Still in longs? Move to breakeven or take partial profits now.
Will post fresh long setup again if it invalidates and breaks higher. Trade safe & good luck! ⚡
After a healthy correction from the recent pump, XRP has found solid support exactly on the rising trendline + major horizontal demand zone at $2.0064–$2.0120 (multiple touches, high volume).
Price has now printed a clear higher low and is breaking above the short-term downtrend with increasing volume.
Bullish confirmations: - Trendline bounce + horizontal support confluence - Higher low formed - Break & retest of the mini descending resistance - Bullish engulfing candles at the zone
Trade Plan (Spot/Futures): Entry: $2.0120 – $2.0150 (already in or buy the dip to zone) Take Profit 1: $2.0500 Take Profit 2: $2.0833 (next major resistance) Take Profit 3 (runner): $2.1200+
Stop Loss: $1.9840 (below the demand zone & trendline)
Risk-Reward: 1:3 to 1:6+ depending on target
Invalidation only on 15m close below $1.9840.
As long as Bitcoin stays stable or bullish, XRP looks ready for the next leg up. LFG 🚀
After a healthy correction from the recent pump, XRP has found solid support exactly on the rising trendline + major horizontal demand zone at $2.0064–$2.0120 (multiple touches, high volume).
Price has now printed a clear higher low and is breaking above the short-term downtrend with increasing volume.
Bullish confirmations: - Trendline bounce + horizontal support confluence - Higher low formed - Break & retest of the mini descending resistance - Bullish engulfing candles at the zone
Trade Plan (Spot/Futures): Entry: $2.0120 – $2.0150 (already in or buy the dip to zone) Take Profit 1: $2.0500 Take Profit 2: $2.0833 (next major resistance) Take Profit 3 (runner): $2.1200+
Stop Loss: $1.9840 (below the demand zone & trendline)
Risk-Reward: 1:3 to 1:6+ depending on target
Invalidation only on 15m close below $1.9840.
As long as Bitcoin stays stable or bullish, XRP looks ready for the next leg up. LFG 🚀
After a healthy correction from the recent pump, XRP has found solid support exactly on the rising trendline + major horizontal demand zone at $2.0064–$2.0120 (multiple touches, high volume).
Price has now printed a clear higher low and is breaking above the short-term downtrend with increasing volume.
Bullish confirmations: - Trendline bounce + horizontal support confluence - Higher low formed - Break & retest of the mini descending resistance - Bullish engulfing candles at the zone
Trade Plan (Spot/Futures): Entry: $2.0120 – $2.0150 (already in or buy the dip to zone) Take Profit 1: $2.0500 Take Profit 2: $2.0833 (next major resistance) Take Profit 3 (runner): $2.1200+
Stop Loss: $1.9840 (below the demand zone & trendline)
Risk-Reward: 1:3 to 1:6+ depending on target
Invalidation only on 15m close below $1.9840.
As long as Bitcoin stays stable or bullish, XRP looks ready for the next leg up. LFG 🚀