RENDER Crypto Price

Ethereum Price Decline: Ethereum's price faced significant selling pressure, dropping below $3,700 after a sell wall of 68K ETH worth $263 million was established between $3,850 and $4,000, leading to predictions of a further correction to around $3,300.

Whale Activity and Market Sentiment: Some whales began taking profits as ETH rallied, with notable sales and transfers occurring despite an increase in altcoin interest; however, bullish sentiment remained among derivatives traders as futures open interest rose.

Dogecoin's Potential Breakout: Dogecoin (DOGE) is showing signs of a bullish breakout, currently trading around $0.2398, with analysts suggesting that if it breaks the 200-day moving average resistance, it could extend its rally towards the long-term goal of reaching $1.

Little Pepe's Rising Popularity: Little Pepe ($LILPEPE) is gaining traction as a meme coin with real utility on its own Layer 2 blockchain, having raised over $8 million in its presale and offering a projected return of 17282%, attracting significant investor interest.

FBI Investigation Closure: The FBI has closed its investigation into Kraken co-founder Jesse Powell, returning seized property linked to allegations of accessing and stalking digital systems at the Verge Center for the Arts, which he co-founded. Powell denied wrongdoing and filed a civil suit against Verge's board, while the reasons for the case closure remain unexplained.

Kraken's New Offerings: Kraken is expanding its services by launching a new app, Krak, allowing users to send and receive money globally using both crypto and traditional currencies. This move comes as the exchange faces regulatory scrutiny but recently had a lawsuit dropped by the SEC, indicating a potential easing of enforcement actions in the crypto sector.

Ethereum and Dogwifhat Performance: The cryptocurrency market is experiencing a bullish trend, with Ethereum (ETH) rising 19% to over $3,700 and Dogwifhat (WIF) gaining 13% in the past week, marking a total monthly increase of 79%.

Fractal Pattern Analysis: WIF is showing a fractal pattern similar to PENGU's recent breakout, having reclaimed its 50-day and 100-day moving averages; a breakout above the current resistance could lead to a potential rally targeting $2.40, but confirmation is necessary before further movement.