Ethereum is gaining momentum, and several technical signals suggest that a significant move could be on the way. With key support levels holding and bullish patterns forming, the market may be setting up for a notable upside.

Golden Pocket Rejection: Confirming The High-Risk Scenario

In a recent update on X, analyst Luca referenced his recent market commentary, noting that Ethereum price action unfolded exactly as he had anticipated, with the price tapping into the lost high-timeframe support range. This range aligned with the golden pocket between the 0.5 and 0.618 Fibonacci retracement levels, and the price rejected there, confirming the high-risk scenario he had highlighted in advance.

Since that rejection, the price has broken below the key 0.618 Fibonacci Point of Interest (POI). However, the asset is still managing to hold above the crucial 1-Day Bull Market Support Band. Luca stressed that this band has historically served as a strong reversal spot over the last couple of months. Thus, he believes the current low-timeframe market structure is not yet fully invalidated.

Despite this technical hold, the analyst reiterated his cautious approach, stating that until he sees clear signs of strength on the low-timeframes, signs that can durably confirm the bottom is in and that key support levels are properly reclaimed, he won’t scale out of his edges.

Luca concluded that until that concrete bullish confirmation materializes, the most likely outcome for the immediate future remains further consolidation. The market needs time to absorb the recent volatility and build a new base before a more durable reversal to the upside can take hold.

ETH/BTC Trendline Breakout: Market Risk Appetite Returns

Crypto analyst Paramatik outlined that a major structural event has occurred on the ETH/BTC charts: a falling trend breakout. This is a highly significant development, although Paramatik suggests that a retest of this broken trendline may occur before the upcoming Federal Reserve meeting.

The analyst provided clarity on what this breakout means for the broader market. First and foremost, this situation is interpreted as a strengthening signal for Ethereum. When ETH begins to gain value relative to Bitcoin, it typically indicates that the market’s overall risk appetite is returning, as investors shift capital from BTC to ETH.

Secondly, the gained strength in Ethereum is often the key trigger for the start of the much-anticipated altcoin season. This is because investors first shift funds from BTC to ETH, and then move capital into the riskier, smaller altcoins in hopes of achieving higher returns.

Paramatik summarized his findings by stating that this breakout in the ETH/BTC pair is not merely a technical line break; it is a harbinger of a market direction change. The analyst concluded with an analogy that the market has reached a state where every external event, even humorously irrelevant ones, could affect crypto prices.

Nothing lasts forever, and that includes the ROMs required to make a retrocomputer run. Even worse, what if you’re rolling your own firmware? Period-appropriate EPROMs and their programmers aren’t always cheap or easy to get a hold of these days. [Kyo-ta04] had that problem, and thanks to them, we now all have a solution: Pico2ROMEmu, a ROM emulator based on, you guessed it, the Raspberry Pi Pico2.

The ROM emulator has been tested at 10MHz with a Z80 processor and 12MHz with an MC68000. An interesting detail here is that rather than use the RP2350’s RISC-V or ARM cores, [kyo-ta04] is doing all the work using the chip’s powerful PIO. PIO means “programmable I/O,” and if you need a primer, check this out. Using PIO means the main core of the microcontroller needn’t be involved — and in this context, a faster ROM emulator.

We’ve seen ROM emulators before, of course — the OneROM comes to mind, which can also use the RP2350 and its PIOs. That project hasn’t been chasing these sorts of speeds as it is focused on older, slower machines. That may change in the newest revision. It’s great to see another contender in this space, though, especially one to serve slightly higher-performance retrocomputers.  Code and Gerbers for the Pico2RomeEMU are available on GitHub under an MIT license.

Thanks to [kyo-ta04] for the tip.

 

 

Ethereum spot ETFs recorded $75.21 million in outflows on December 5, with all nine funds posting zero inflows. BlackRock’s ETHA accounted for the entire withdrawal and was the fourth consecutive day of net redemptions for Ethereum (ETH) ETFs. ETH traded…

NotebookLM may just be an assistant to many people, but this is just the most basic functionality. You can take advantage of its system to do whatever you want, and that means it can be a way to have fun.

Industry leader Tom Lee has shared how the Ethereum price could reach $12,000 within the next few months. He based his prediction on the Bitcoin price action and how ETH could match the flagship crypto on a potential run to the upside. 

Tom Lee Explains How The Ethereum Price Could Rally To $12,000

Speaking at the Binance Blockchain Week, Tom Lee predicted that the Ethereum price could reach $12,000 as Bitcoin rallies to $250,000 within the next few months. He explained that ETH can reach the $12,000 target if the ETH/BTC ratio returns to its eight-year average of 0.0479. Lee described this potential rally to $12,000 as a “huge move.”

Tom Lee further predicted that the Ethereum price could reach $22,000 if the ETH/BTC ratio gets to its 2021 high of 0.0873. He added that he believes Ethereum will become the future of finance and the payment rails. As such, Lee predicted that the ETH/BTC ratio could reach 0.2500, sparking an Ethereum rally to as high as $62,500. In line with this, the expert declared that ETH at $3,000 is “grossly undervalued.”

Tom Lee also remarked that the bigger the base, the bigger the breakout for the Ethereum price. He noted that ETH spent years building a similar base to its current price action before the move from $90 to its previous all-time high (ATH) of $4,866. The expert added that if the pattern plays out again, the next leg could be larger than what people expect. 

It is worth noting that Tom Lee is the chairman of BitMine, which is the largest Ethereum treasury company. According to Strategic ETH Reserve data, the company currently holds 3.73 million ETH, which is just over 3% of the altcoin’s total supply. Lee remains bullish on the Ethereum price, despite his company holding an unrealized loss of $3.3 billion of their ETH investment. 

A Rally To $62,000 Is “Ambitious”

Market commentator Milk Road described Tom Lee’s Ethereum price prediction of $62,000 in a few months as being ambitious. The platform stated that an ETH/BTC ratio of 0.25 has never happened. The highest it has ever gone is 0.15, and that was during the 2017 supercycle, which makes it less likely now, given that market conditions have changed. 

Tom Lee had based his Ethereum prediction on Bitcoin hitting $250,000, which Milk Road also described as an issue. The market commentator noted that BTC would need to surge 177% from current prices to reach this target. The last time this happened was in 2020 when it surged from $7,000 to $19,000 during the “peak mania.” Notably, BTC didn’t record a 100% gain even when the Bitcoin ETFs launched last year. 

At the time of writing, the Ethereum price is trading at around $3,000, down over 4% in the last 24 hours, according to data from CoinMarketCap.

The United States Army is seeking potential U.S.-based producers for a next-generation 155mm artillery projectile designed to replace aging stockpiles of Dual-Purpose Improved Conventional Munitions (DPICM). A sources sought notice, released by the Army Contracting Command-New Jersey on December 5, outlines the service’s effort to identify qualified manufacturers for the XM1208 Advanced Submunitions projectile. According […]

CISA, NSA, and Canadian Cyber Centre warn that PRC state-sponsored hackers are using BRICKSTORM, a stealthy Go-based backdoor, for long-term espionage in Government and IT networks.

Do Kwon, the troubled co-founder of Terraform Labs based in Singapore, is facing a possible 12-year prison sentence in the United States due to his role in the collapse of the TerraUSD stablecoin, which resulted in significant losses within the cryptocurrency market.

Do Kwon Seeks Reduced Sentence Of Five Years

Bloomberg reported that in a court filing late Thursday, US prosecutors described the Terraform Labs co-founder’s fraudulent actions as “colossal in scope.” 

They emphasized that his “misleading statements to customers” triggered a domino effect of crises across the crypto landscape, culminating in the downfall of notable entities such as Sam Bankman-Fried’s FTX.

This comes amid a regulatory environment that has grown increasingly lenient under the Trump administration. In late October, President Trump pardoned Binance founder Changpeng Zhao (CZ), who had been convicted for failing to uphold proper anti-money laundering measures.

In a recent court filing, Terraform Labs co-founder expressed a desire for a reduced sentence of five years. His legal team asserted that he has already “suffered substantially” for his actions, noting that he has spent nearly three years in detention conditions described as “brutal” in Montenegro. 

Kwon’s lawyers argued that a five-year prison term would be sufficient and that the prosecutors’ recommendation of 12 years is “far greater than necessary” for justice to be served.

Potential For Sentence Transfer For Terraform Labs Co-Founder

Initially, Kwon pleaded not guilty in January to a nine-count indictment that charged him with securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. However, he changed his plea in August to guilty for conspiracy to defraud and wire fraud. 

During this change, Terraform Labs’ leader acknowledged that his actions included making “false and misleading statements” regarding the restoration of TerraUSD’s peg in 2021, admitting, “What I did was wrong.”

As part of his plea agreement, Kwon has consented to forfeit $19.3 million and some properties. Prosecutors have chosen not to demand restitution for the millions of investors who collectively lost $40 billion, citing that calculating individual losses would be too complicated.

Kwon faces charges in both the US and his native South Korea, where prosecutors are also pursuing a lengthy prison sentence potentially reaching up to 40 years. 

He was arrested in Montenegro in 2023 while using a fake passport, and following a protracted legal battle, he was extradited to the United States in January after spending nearly two years in a Balkan jail.

US prosecutors have indicated they would support Kwon’s opportunity to serve the second half of his sentence in South Korea, provided he adheres to the terms of his plea deal and qualifies for a transfer program. Kwon is scheduled for sentencing by US District Judge Paul Engelmayer on December 11.

When writing, Terraform Labs’ native token Luna Classic (LUNC) saw a 75% increase in response to Do Kwon’s probable sentence, trading at $0.000050 and placing it at the helm of the market’s top performers on Friday. 

Featured image from DALL-E, chart from TradingView.com 

Tom Lee has reiterated one of the most aggressive Ethereum targets in the market, telling attendees at Binance Blockchain Week on 4 December that ETH could eventually trade at $62,000 as it becomes the core infrastructure for tokenized finance.

“Okay, so let me explain to you why Ethereum, now that we’ve talked about crypto, […] is the future of finance,” Lee said on stage. He framed 2025 as Ethereum’s “1971 moment,” drawing a direct analogy to when the US dollar left the gold standard and triggered a wave of financial innovation.

Lee’s Thesis For Ethereum

“In 1971, the dollar went off the gold standard. And in 1971, it galvanized Wall Street to create financial products to make sure the dollar would be the reserve currency,” Lee argued. “Well, in 2025, we’re tokenizing everything. So it’s not just the dollar that’s getting tokenized, but it’s stocks, bonds, real estate.”

In his view, this shift positions ETH as the primary settlement and execution layer for tokenized assets. “Wall Street is, again, going to take advantage of that and create products onto a smart contract platform. And where they’re building this is on Ethereum,” he said. Lee pointed to current real-world asset experiments as early evidence, noting that “the majority of this, the vast majority, is being built on Ethereum,” and adding that “Ethereum has won the smart contract war.”

Lee also stressed that ETH’s market behavior has not yet reflected that structural role. “As you know, ETH has been range bound for five years, as I’ve shaded here. But it’s begun to break out,” he told the audience, explaining why he “got very involved with Ethereum by turning Bitmine into an ETH treasury company, because we saw this breakout coming.”

The core of his valuation case is expressed through the ETH/BTC ratio. Lee expects Bitcoin to move sharply higher in the near term: “I think Bitcoin is going to get to $250,000 within a few months.” From there, he derives two key ETH scenarios.

First, if the ETH/BTC price relationship simply reverts to its historical mean, he sees substantial upside. “If ETH price ratio to Bitcoin gets back to its eight year average, that’s $12,000 for Ethereum,” he said. Second, in a more aggressive case where ETH appreciates to a quarter of Bitcoin’s price, his long-standing $62,000 target emerges: “If it gets to 0.25 relative to Bitcoin, that’s $62,000.”

TOM LEE CALLS FOR $62,000 $ETH

“I think Ethereum’s going to become the future of finance, the payment rails of the future and if it gets to .25 relative to Bitcoin that’s $62,000. Ethereum at $3,000 is grossly undervalued.” pic.twitter.com/VydvLou9IE

— CryptosRus (@CryptosR_Us) December 4, 2025

Lee links these ratios directly to the tokenization narrative. “If 2026 is about tokenization, that means Ether’s utility value should be rising. Therefore, you should watch this ratio,” he told the crowd, arguing that valuation should track growing demand for ETH blockspace and its role as “the payment rails of the future.”

He concluded with a pointed assessment of current levels: “I think Ethereum at $3,000, of course, is grossly undervalued.”

At press time, ETH traded at $3,128.

How can society police the global spread of online far-right extremism while still protecting free speech? That’s a question policymakers and watchdog organizations confronted as early as the 1980s and ’90s – and it hasn’t gone away.

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Anthurium houseplants produce long-lasting, colorful spathes in shades of red, pink, white, and coral that can persist for weeks or months. These tropical plants require less maintenance than most flowering houseplants and adapt well to indoor conditions. Learn how to grow and care for anthuriums in this guide. Read more.

The post How to Grow and Care for Anthurium Houseplants appeared first on Gardener's Path.

'Bluey's Quest for the Gold Pen' launches December 11 on mobile before rolling out next year on PC and console.

Bungie and Lucasfilm's intriguing new collaboration nails the 'Star Wars' vibe, but if you're looking to hop in from one galaxy far, far away to another closer to home... it's still 'Destiny 2', warts and all.

XRP ETFs are on the verge of hitting a significant milestone, with total Assets Under Management (AUM) approaching the $1 billion milestone. Since the launch of its ETF last month, hundreds of millions of dollars have been flowing in daily, making XRP the most successful new ETF entrant of 2025. 

XRP ETFs Close In On $1 Billion

XRP ETFs have continued to experience skyrocketing growth and institutional demand, now rapidly closing in on the $1 billion inflow milestone. Over the past two weeks, all five XRP ETFs have recorded over $984.54 million in cumulative net inflows, just $15.46 million away from $1 billion. This explosive, accelerated growth has effectively solidified XRP’s position as the third-largest crypto ETF, behind Bitcoin and Ethereum.

Data from Sosovalue reports 15 consecutive days of positive flow, with the XRP ETF recording its highest single-day inflow on November 14 at $243.05 million. Over the last two weeks, all five XRP ETFs, including REX-Osprey, have seen notable inflows, reflecting growing institutional interest and demand. 

According to crypto enthusiast @NADZOE93 on X, XRP has become the third cryptocurrency ever to surpass the $800 million ETF inflow threshold. She noted that while Spot Bitcoin ETFs reached this cap in just two days after their launch, Ethereum ETFs took 95 days. This officially positions XRP as the second-fastest crypto to hit the $800 million inflow mark. 

Notably, strong inflows in the XRP ETF began on November 13 with the launch of Canary Capitals XRPC. A week later, Bitwise introduced its own XRP ETF, followed shortly by Grayscale and Franklin Templeton debuting their funds. Since then, investments have continued to pour in, with $26.17 million flowing in just yesterday alone, bringing the total to $887.12 million after 15 days of positive flow. 

Crypto market analyst Neil Tolbert shared additional insights on the XRP ETF performance on X this week. He noted that five spot XRP ETFs are currently trading, with a combined $995 million in Assets Under Management. Canary Capital’s XRPC stands at the top of the market with $358.88 million, followed by Grayscale’s GXRP with $211.07 million, Bitwise’s ETF at $184.87 million, Franklin Templeton’s XRPZ at $132.3 million, and REX-Osprey at $108 million. 

Tolbert has stated that more ETFs are reportedly in the pipeline, with institutional demand set to grow as traditional finance takes notice of XRP. With the race to a $1 billion inflow milestone heating up, XRP ETFs have already surpassed those of Solana and Dogecoin. 

Institutions Accumulate Over 400 Million XRP Through ETFs

Institutional demand for XRP is reaching new heights as data from ETF tracker XRP Insights show that a whopping 425.76 million tokens have been officially locked. This surge in accumulation comes as the five currently launched XRP ETFs collectively reach $984.54 million in AUM.

This large amount of XRP held in ETFs shows how quickly institutions are adopting, as investors increasingly seek regulated, transparent ways to gain exposure to cryptocurrencies. Analysts have also warned that if ETFs continue to absorb XRP at such a rapid pace, it could trigger a supply shock as the number of tokens in circulation declines.

NASA’s broadcast of the April 8, 2024, total solar eclipse has won an Emmy Award for Excellence in Production Technology.

At the 76th Technology & Engineering Emmy Awards on Dec. 4, in New York City, the Academy of Television Arts & Sciences announced the win. Walt Lindblom and Sami Aziz accepted the award on behalf of the agency. For the broadcast, Lindblom served as the coordinating producer and Aziz served as the executive producer.

“By broadcasting the total solar eclipse, this team brought joy and wonder for our Sun, Moon, and Earth to viewers across America and the world,” said Will Boyington, associate administrator for the Office of Communications at NASA Headquarters in Washington. “Congratulations to the production team, whose efforts demonstrate the hard work and dedication to the sharing the marvel that makes our solar system something we strive to understand.” 

NASA’s live broadcast coverage of the 2024 total solar eclipse was the most complex live project ever produced by the agency. In total, NASA’s eclipse broadcasts garnered almost 40 million live and replay views across its own distribution channels, including on NASA+, the agency’s free streaming service. Externally, the agency’s main broadcast was picked up in 2,208 hits on 568 channels in 25 countries.

“Our unique place in the solar system allows us on Earth to witness one of the most spectacular science shows nature has to offer. NASA’s production team captured the action every step of the way across the path of totality, including the rare glimpse of the Sun’s corona,” said Nicky Fox, associate administrator for science at NASA Headquarters. “Congratulations to the NASA team for successfully showing the 2024 total solar eclipse through the eyes of NASA for the whole world to experience together.”

The broadcast spanned three hours, showcasing the eclipse across seven American states and two countries. From cities, parks, and stadiums, 11 hosts and correspondents provided on air commentary, interviews, and live coverage. Viewers tuned in from all over the world, including at watch parties in nine locations, from the Austin Public Library to New York’s Times Square. An interactive “Eclipse Board” provided real time data analysis as the Moon’s shadow crossed North America.

Live feeds from astronauts aboard the International Space Station and NASA’s WB-57 high-altitude research aircraft were brought in to provide rare and unique perspectives of the solar event. To make this possible, NASA deployed and enabled 67 cameras, 6 NASA Wide Area Network control rooms, 38 encoders, and 35 decoders. The team coordinated 20 live telescope feeds which represented 12 locations across the path of totality.

NASA’s eclipse broadcast won another Emmy award earlier this year at the 46th Annual News & Documentary Emmy Awards for Outstanding Live News Special. Additionally, the show received an Emmy nomination for Outstanding Show Open or Title Sequence – News. NASA’s eclipse communication and broadcast efforts also won two Webby Awards and two Webby People’s Voice Awards.

For more information about NASA, visit:

https://www.nasa.gov

Abbey Interrante / Karen Fox
Headquarters, Washington
301-201-0124 / 202-358-1600
abbey.a.interrante@nasa.gov / karen.c.fox@nasa.gov

💾

Ten marijuana brands took home trophies from the inaugural MJBowl, a bi-coastal cannabis competition presented by MJBizCon and social review platform Budist.

From rosin gummies to hash holes: Meet the winners of MJBowl is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

I love PC building. Really, I do, and I have for 20 years. But why do we, PC owners, just have to go from one market disaster to the next?

Ethereum has retraced from the $3,240 level and is now testing the $3,150 zone as support, a key area that traders are closely watching. Bulls are attempting to defend this level after a modest rebound, but uncertainty remains high as the market tries to establish direction following weeks of volatility and aggressive selling pressure. While some analysts view this consolidation as the early stages of a recovery, others warn that ETH may still be vulnerable to deeper pullbacks if momentum fails to strengthen.

According to top analyst Darkfost, Ethereum’s recent price action is being shaped by a notable shift in market structure. Over the past few days, spot volumes have continued to decline, even as the price attempted a small recovery. This weakening in spot activity reduces the impact of actual buying and selling on the underlying asset, making futures markets increasingly influential in dictating short-term price direction.

As Darkfost explains, when spot volume thins out, futures often become the dominant driver of volatility. This dynamic can accelerate both upside and downside moves, depending on traders’ positioning. With Ethereum now sitting at a critical support level, the market awaits clearer signals to determine whether this rebound can evolve into a sustained recovery or merely represents a temporary pause in the downtrend.

Futures-Driven Momentum Raises the Stakes for Ethereum

Darkfost expands on this dynamic by noting that when spot volumes weaken to the extent seen over the past few days, the risk of heightened volatility increases sharply. Thin spot liquidity means fewer buy and sell orders are available to absorb sudden moves, allowing futures-driven momentum to exert an outsized influence on price. This environment often produces sharper swings and rapid directional shifts, as leveraged traders and algorithmic strategies dominate short-term market behavior.

For now, the futures market is tilting upward, providing a constructive force that is helping Ethereum hold above the $3,150 support zone. Darkfost emphasizes that this upward pressure from futures could work in the bulls’ favor, as volatility—if it expands to the upside—may push the spot market to follow the same trajectory.

In other words, a sustained futures-led rebound could act as the spark needed for a broader recovery, especially if spot buyers gain confidence and begin re-entering the market.

However, this setup cuts both ways. Without stronger spot participation, any reversal in futures positioning could quickly translate into accelerated downside pressure. For now, Ethereum sits in a delicate phase where volatility is both a potential catalyst and a potential threat, making the next few sessions crucial for determining the market’s short-term direction.

ETH Weekly Structure Holds Key Support

Ethereum’s weekly chart shows a market attempting to stabilize after a steep downturn from the $4,500 region. ETH has rebounded toward $3,140, reclaiming its 100-week moving average (green line) — a historically important support level that often defines the boundary between mid-term bullish and bearish phases. This bounce signals renewed demand at a critical zone, especially after the strong wick rejection seen near $2,700, where buyers stepped in aggressively.

However, Ethereum still faces meaningful resistance overhead. The 50-week moving average (blue line), now hovering near $3,400–$3,500, has flipped into resistance and remains the next major hurdle for bulls. A successful reclaim of this zone would materially improve ETH’s technical structure and open the door to a challenge of higher levels. Until then, the weekly trend remains neutral to slightly bearish.

Volume offers an encouraging signal: the recent rebound occurred with a noticeable uptick in buying activity compared to prior weeks, suggesting strengthened interest at these lower levels. Yet the broader structure shows a pattern of lower highs since August, meaning ETH must demonstrate follow-through to avoid slipping back into deeper consolidation.

Featured image from ChatGPT, chart from TradingView.com

As a technology, eSIM has been around for a decade now. However, global eSIM adoption was around 3% last year and will only cross 5% this year. Despite these figures, analysts, eSIM-providing startups, and investors are bullish about eSIM's upward trajectory, largely thanks to travel.

Meta is launching a new unified support hub across Facebook and Instagram designed to make account recovery far less painful.

The post Meta promises it’ll soon be easier to recover your hacked Instagram account appeared first on Digital Trends.