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Trader Eugene: Ethereum has historically surged past $2,800 and quickly hit $4,000. I will continue to hold a long position

7 hours ago

On July 11th, trader Eugene posted in his personal community, saying, "As long as this time Bitcoin doesn't have a false breakout followed by a sharp drop (currently it seems unlikely, but it can't be completely excluded), Ethereum is likely to break through the key $2800 resistance level. Although I'm not sure about the specific timing (Bitcoin dominance BTC.D may continue to strengthen for a while), I believe the probability of Ethereum breaking through this resistance level has increased significantly today. In Ethereum's history, it has only broken through the $2800 level three times, and each time, the price quickly rose to around $4000. History doesn't repeat exactly, but it often rhymes similarly. I will continue to hold my long position and be ready to embark on a crazy journey."
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Ethereum Surges Above $3,000 Temporarily

On July 11th, according to HTX market data, Ethereum briefly rose above $3,000, experiencing a 24-hour gain of 7.67%.

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Ethereum Foundation Clarification: ETH Was Not Sold Today, Actual Seller Was Non-Profit Development Organization Argot Collective

On July 11th, Hsiao-Wei Wang, the co-executive director of the Ethereum Foundation, made it clear in a post that the news today about "the Ethereum Foundation selling 1210 ETH" is not accurate. The actual seller is the spin-off entity of the Ethereum Foundation, Argot Collective (a non-profit development group).

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NEIRO Surges Over 57% in 24 Hours, Market Cap Reaches $138.91 Million

On July 11th, according to HTX market data, the market capitalization of NEIRO has witnessed a surge of over 57% in the past 24 hours. It is currently trading at $0.1433, with a market cap of $138.91 million. Previously, according to EmberCN's analysis, Trend Research, a subsidiary of LD Capital, not only holds 173,000 ETH but also controls the majority of the meme coin NEIRO, accounting for 64.25% of the total supply. BlockBeats reported earlier today that the cumulative amount of ETH purchased and hoarded by Trend Research under LD Capital is 182,000 ETH, with a weighted average price of approximately $2250. With ETH currently at the $3000 level, their ETH holdings are enjoying an unrealized profit of up to $130 million.

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Bitcoin Breaks $117,000, Hits Another All-Time High

On July 11th, based on HTX market data, Bitcoin surged past $117,000 and reached a new record high, with a 24-hour increase of 5.37%.

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Previously shorted Bitcoin at $108,000 with 40x leverage, the whale topped up $5.5 million margin, now facing over $10 million unrealized loss

On July 11th, as monitored by LookOnChain, the whale that had previously taken a 40-times leverage short position on Bitcoin at $108,000 has now added $5.5 million in collateral. It has an unrealized loss of more than $10 million. Currently, its position size is $1.3256 billion, and the liquidation price has risen to $121,080.

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A Whale Goes Long on SOL with 20x Leverage, Now Sitting on Over $6M in Unrealized Gains

On July 11th, as monitored by lookonchain, the whale address 0xa04a is currently holding a long position of 459,703 SOL with a leverage of 20x (worth $75.5 million). It is currently holding unrealized profits of more than $6 million. The entry price is $151.042, and the liquidation price is $132.68.

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