Double Coin Analysis: The 1-hour chart for Double Coin continues to weaken, with the price breaking below the middle band of the Bollinger Bands. The lower band support around 2167 is precarious. The KD indicator remains in the oversold zone and continues to decline, indicating that bearish momentum has not dissipated. Short-term rebounds are weak. On the macro level, the US dollar index is strengthening, coupled with rising expectations of Federal Reserve rate hikes. Global risk assets are under pressure across the board, and overall market sentiment in the crypto space is subdued. Additionally, with tech stocks in the US stock market pulling back, risk-averse sentiment is rising, making Double Coin, as a high-risk asset, the first to be affected. From a technical perspective, a bearish alignment combined with macro negative factors suggests that Double Coin is unlikely to reverse in the short term. The trend is likely to continue downward. Pay attention to key support levels below; a rebound could be an opportunity to reduce positions. Trading suggestion: 2240-2270 range, with a target of 2060-2000.

The Ethereum Foundation Continues Selling $ETH Yesterday #EthereumFoundation Sold 416.67 $ETH for 933340 $DAI at a price of $2,240. After Yesterday’s sale, it has Now Sold Over 4,166 ETH (~$9.2M) at an Average Price of Around $2,210. It still has 1,250 ETH (~$2.71M) left to sell. The Ethereum Foundation is Currently Holding 127,686 ETH worth ~$277M