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🗣Michaël van de Poppe: "If There’s No Major Market Dip, a Party Will Start"
The director and founder of MN Trading, Michaël van de Poppe, stated that Ether is currently at a critical support level of я.
He believes that if the market avoids a significant dip in the prices of Ether and Bitcoin, investors will benefit. However, if Ether falls below $2800, it could have serious consequences for the entire crypto market.
He noted that large holders have sold $1.87 billion worth of Ether in the last three days. Despite this, Ether has the advantage of ETH-ETF. If capital flows into these funds resume, Ether’s price could exceed $3110.
🗣Coinbase’s ‘Solid’ Q2 Earnings Face Challenges from Low Volume and Fed Headwinds
Coinbase reported better-than-expected Q2 earnings with a total revenue of $1.45 billion, but transaction fee revenue fell by 27% due to lower trading volumes. Analysts characterized the earnings as solid but warned that revenue could decline further in Q3 if the trend continues.
The company remains optimistic about its other ventures, such as derivatives products and the Coinbase Wallet, despite expected high operating expenses and potential Federal Reserve interest rate cuts impacting performance.
🗣BTC is below 61K again
The USA, UK, and Canada are urging their citizens to leave Lebanon on “any available” flight. Those who choose to stay are advised to be prepared for a prolonged stay in shelters. Sweden is temporarily closing its embassy in Beirut.
The situation continues to escalate: Israel has conducted an airstrike, killing another Hamas commander and 4 Islamic Jihad fighters, according to Reuters.
Interesting times…