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Happy Friday, crypto enthusiasts! 🚀 Here's your weekly roundup of the latest happenings in the world. 👇

Tether, the issuer of the largest stablecoin by market cap, plans to invest half a billion dollars to establish itself as a relevant player in Bitcoin mining. This bold move aims to propel Tether to the forefront of the Bitcoin mining industry.

Gas fees on Ethereum layer-2 Polygon surged more than 1,000% to reach a peak of $0.10 as users inundated the network with the minting of Ordinals-inspired tokens dubbed POLS

European digital asset manager CoinShares secured the exclusive option to acquire Valkyrie Funds, the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments.

The European Union has been actively preparing for what it envisions as the future of money. In the past year, it finalized its landmark comprehensive crypto legislation, the Markets in Crypto-Assets Regulation, which is due to take effect in 2024.

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1h

eth from the latest update held 1880 and hit our given targets 1940/1960 and even went higher. It formed a HS pattern over the weekend and by now it looks like it fell further down after breaking the neckline. The full target of the pattern is somewhere 1750/1700 and if eth cannot reclaim 1870/1880 level, it may reach them if 1800 support is broken . If 1870/1880 is flipped , tp's above are 1940 and 1980.

1h

After losing 28900/28700 key support from our last update, btc expectedly dropped and hit all of our targets until 27200. Now , 27800-28100 is the local resistance for btc to reclaim if it wants to make a pullback of the dump. In that case local tp's are 28800-29200. If it loses 27200 - tp's below are 26600 and 25200.

4h

the local 28100/27800 support for btc held and it also flipped above the 28700 and is now testing our next key level around 29050/29500. If it breaks and hold above, 29800-30500 and 31000 are the next targets above. 28900/28700 is our local support - losing it would send it again to 28100/27800-27200

1h

eth also managed to flip above 1880 local level and if it hold it, it may test again 1940/1960 in the short term. If it fails to hold it, 1840 and 1820/1800.

1h

eth managed to protect the HS neckline and key support cluster at 1830/1800 and it is trying to flip the local key resistance at 1890 forming. If it reclaims it, 1940/1960 -1990/2000 and 2150 are the upper targets. 1850 is the local support to watch. Losing it would mean another test of the key 1830/1800 and/or 1760-1700 - 1630.

2h

btc bounced from 27800 support and reached the first key resistance at 28700. If it flips it 29050/29500 - 29800 - 30400/31000 are the next targets above. 28100/27800 is the new local support to watch in case of pullback. If it loses it, targets below are 27200 - 26600 and 25200.

4h

btc failed to reclaim the key 29800 level and is currently testing the 27800 support. It fell below the control point of the range and if it cannot reclaim it, we can expect another impulse towards downside and 27200 - 26600 key range lows.

28700-29000-29400- 29800 are forming the key local resistances as of now.

4h

eth also failed to flip the key 1930 resistance and is now testing the key 1830/1770 support. The worrying part is that eth is printing a huge bearish Head and Shoulders pattern and if it breaks the 1830 key level, we may see a deep dive towards 1620/1580.
If eth manages to protect 1830 and then flips above 1930, then it may retest 1990/2000 in the short term.

btc 1h
btc failed to reclaim 27800, and it wicked below the 27200, but managed to bounce back. There is slight bullish divergence both on 1 and 4h, but btc has to reclaim, 27800 to change the local trend. Then it may climb to 28300 - 28700 and 29300 where I expect it to face the most serious resistance. If it breaks 27200 - 26600 and 25200 are the targets below.

eth 1h

eth looks like it is losing the 1820 support and if it cannot flip back there is high chance it will visit 1760-1700 and/or 1620/1580 levels. If it flips back above 1820/1840 - 1890 - 1920 -1980 are the nearest targets above.

30m

btc getting rejection from the first local key level around 27800 and is now testing the first support at 27380. 27380/27160 is key support for btc as losing it probably will nuke it to 26600-25200 levels. If btc reclaims 27800, then 28300 and 28700 are our upper ltf targets.

30 m

eth is also trending in that local range 1830/1840 - 1890. If it breaks down the support cluster 1840/1830 - 1760-1710/1700 are the targets below, if it flips above 1890 and 1910/1920, we can expect it to run to 1980 and 2060.

4h

Btc couldn't hold the 28.8/28.7 support cluster and fell right to the 27700 one. If this level cannot hold, 27200-26600-25200 are the next stops for btc. For any upside move, it has to flips above 28200 - 28500 - 28700/28800.

4h

eth also broke down from the 1940/1920 support cluster and most likely will visit 1840/1820 one. If it cannot bounce there, 1760 and 1710/1700 are the next stops for eth. If it bounces back, 1920/1940 can be retested as resistance.

2h

eth is still trying to hold 1940/1920 key level. If it can't hold it, 1840/1820 looks inevitable to test below. If it flips 1960 on lower time frames, it may test key resistance levels above that are 2000/2010 - 2060/2070 and 2150.

2h

Btc keeps testing the key 28800/28700 without any significant bounce. The FVg formed during the pump is closed and now a fvg with the dump is formed above. 29100/29300 are the local resistances. If btc clears them, the cluster around 30000/30600 may be tested again. If 28.8/28.7 is lost - 28200 - 27700-27200 are nearest key supports to watch.

2h

btc couldn't reclaim 30600 key level and after a sharp drop before minutes, it wicked below the 29200 support to the main 28800 which was tested for the first time since the breakout. Now, 28800 is our key level to watch. If it holds and btc flips back above 29900, we may see retest of 30600 once again. if it loses it, 28200/27800 - 26600 are the lower supports to watch.