TA: Ethereum Sets New ATH, What Could Pump ETH To $5K
Ethereum gained pace and traded to a new all-time high above $4,700 against the US Dollar. ETH is showing positive signs and it could extend gains above $4,750. Ethereum gained pace above the $4,600 and $4,650 resistance levels. The price is now trading above $4,600 and the 100 hourly simple moving average. There is a steep bullish trend line forming with support near $4,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if it clears the $4,750 resistance in the near term. Ethereum Price Eyes More Upsides Ethereum started a fresh increase above....
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After an evening of perusing the internets a post on reddit stuck out to me. “Bitcoin is being manipulated like other alt-coins” . The writer, mitchr4, goes on to explain that he is or has been an alt-coin trader for a while and has seen certain pump-and-dump patters emerge in the alt-coin industry. mitchr4 goes on draw parallels between the recent price spikes and downturns in the bitcoin market and the pump-and-dump nature of altcoins. mitchr4 goes on to explain how the pump and dump scheme works in bitcoin….
Bitcoin price has been stuck trading within a small symmetrical triangle. These continuation patterns tend to suggest another equal sized move down is coming. However, a sweep of lows would “perfect” a buy setup that could initiate a pump and dump fractal from years ago. The pump and dump would be designed to further confuse […]
The ongoing frenzy over memecoins created on top blockchains over the past year has found a notable competitor in the Solana-based marketplace Pump.fun, a crypto project reminiscent of the anonymous social media platform on the Ethereum blockchain 4chan. Over One Million Memecoins Created In 7 Months According to a Bloomberg report, since its launch in […]
Jarett Dunn, the alleged hacker behind the Pump Fun exploit, secured bail after his arrest in London. Dunn, known online as StaccOverflow, is accused of draining nearly $2 million from the Solana-based memecoin marketplace on May 16th. However, in a surprising twist, Dunn isn’t pleading innocence. Instead, he’s claiming the real crime lies with Pump […]
The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto assets, it bears the hallmarks of a classic pump and dump scheme,” said the SEC. SEC Charges 2 Firms in Crypto Pump-and-Dump Case The U.S. Securities and Exchange Commission (SEC) said Friday that it has filed charges against two firms and four individuals allegedly perpetrating a cryptocurrency pump-and-dump scheme. The two companies are Bermuda-based Arbitrade Ltd. and Canadian....