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Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level?

Ethereum is now holding above critical support levels after a volatile few weeks, but it continues to struggle with reclaiming key resistance zones. Bulls have managed to regain some momentum, helping ETH stabilize above the $1,700 level. However, to confirm a true bullish structure and shift sentiment decisively, Ethereum must reclaim and hold higher ground in the coming days. Related Reading: Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line? Top analyst Daan shared a technical setup highlighting a promising development: Ethereum is flipping a previous horizontal level back into support. According to Daan, this marks a meaningful change in ETH’s market dynamics, as it’s something the asset has failed to do for months. Instead of consistently rejecting resistance and making lower lows, ETH is now showing early signs of strength by defending critical zones. Still, the battle isn’t over. Global macro uncertainty and tensions between the US and China continue to pressure all risk assets, including crypto. For Ethereum, a daily close above key resistance could open the door to a more decisive move higher, while failure to do so could leave it vulnerable to another round of consolidation or downside. Ethereum Faces A Critical Test After Strong Recovery Ethereum has staged an impressive recovery, gaining over 32% from its local low of $1,383. Now trading firmly above $1,700, ETH faces a crucial test: holding current levels to shift its longer-term bearish price structure into a more bullish trend. After months of relentless selling pressure, this stabilization could mark the start of a larger reversal if momentum is sustained. However, broader macroeconomic risks still loom. The ongoing conflict between the US and China continues to pressure financial markets, with growing concerns that a prolonged negotiation process could disrupt global supply chains. If no resolution is reached in the coming weeks, risk assets like Ethereum could struggle to maintain their recent gains. A breakthrough deal, however, could quickly shift investor appetite back toward risk-on assets, fueling a stronger rally. Daan’s technical analysis highlights a major shift in ETH’s behavior. For the first time in months, Ethereum is flipping a previous horizontal resistance zone back into support—a sign of strengthening market dynamics. Daan suggests closely monitoring the $1,750–$2,100 range, as a firm hold above this area would signal a significant improvement in ETH’s structure. A daily close above $1,750 and gradual consolidation within this key range would position Ethereum for a potential breakout toward higher levels in the coming months. Related Reading: Bitcoin Rally Lacks On-Chain Support – Analyst Warns Of Vanishing Network Activity ETH Price Holds Above Key Support, But Challenges Remain Ethereum is currently trading at $1,790, maintaining its position above the critical 4-hour 200 EMA. This technical level has acted as strong support in recent days, providing bulls with a foundation to build momentum. Holding above $1,700 is crucial to maintain the bullish structure that has started to form after weeks of volatility and selling pressure. To confirm a strong recovery and shift into a sustained uptrend, ETH must reclaim the $2,000 psychological level. A decisive break and hold above $2,000 would likely attract renewed buying interest and could open the door for a move toward higher resistance zones. However, without a strong catalyst, bulls could struggle to maintain upward pressure in the short term. Related Reading: Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected On the downside, losing the $1,700 support would signal growing weakness and likely invite further selling. A break below this zone could send Ethereum back into the $1,500 region, reigniting concerns of a prolonged consolidation or deeper correction. For now, the market remains cautiously optimistic, but all eyes are on whether bulls can build enough momentum to reclaim higher ground soon. Featured image from Dall-E, chart from TradingView CoinTurk News

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North Korean Hackers Set Up US Shell Companies to Target Crypto Developers: Report

North Korean hackers linked to the state’s notorious Lazarus Group have successfully set up shell companies within the United States to distribute malware to cryptocurrency developers, in a scheme that violates US sanctions and exposes major vulnerabilities in business registration systems. According to Reuters, cybersecurity firm Silent Push revealed that two companies—Blocknovas LLC in New Mexico and Softglide LLC in New York—were formed using falsified names, addresses, and documentation, which helped North Korean actors pose as legitimate employers offering jobs in the crypto industry. A third entity, Angeloper Agency, has also been linked to the campaign but has not been registered in the country. Scam Job Offers, Empty Lots, and Malware Silent Push attributed the operation to a subgroup within the Lazarus Group, a state-sponsored hacking unit operating under North Korea’s Reconnaissance General Bureau. The group is known for its role in high-profile cyber thefts and espionage activities. In this campaign, the hackers used fake professional profiles and job postings to approach developers, primarily on platforms such as LinkedIn. Once contact was made, victims were invited to “interviews” where they were encouraged to download malware disguised as hiring software or technical assessments. Blocknovas was the most active entity, with multiple confirmed victims. Its listed physical address in South Carolina was found to be an empty lot. Meanwhile, Softglide was registered through a Buffalo-based tax preparation service, which further complicated efforts to trace those behind the operations. The malware used included strains previously attributed to North Korean cyber units, capable of data theft, remote access, and further network infiltration. The FBI has seized the Blocknovas domain, with a notice on its website indicating it was used to deceive job seekers and spread malware. North Korean Malware Trap The Lazarus Group has repeatedly exploited fake employment opportunities to deliver malware. For instance, it had launched a cyber campaign called “ClickFix” targeting job seekers in the centralized finance (CeFi) crypto sector. Cybersecurity firm Sekoia recently revealed that the group impersonates companies like Coinbase and Tether to lure marketing and business applicants into fake interviews. One of Lazarus’s biggest crypto thefts came in 2021, when a bogus job offer led to the $625 million Ronin Bridge hack targeting Axie Infinity. The post North Korean Hackers Set Up US Shell Companies to Target Crypto Developers: Report appeared first on CryptoPotato . CoinTurk News