The latest data shows that the ETH price has fallen below the EMA24 support in the 90 minute cycle, and membership indicators indicate the formation of a KDJ dead cross, coupled with the current trading volume shrinking to 43.1% of the average level, suggesting that action may decline in the short term. The distribution of chips shows that the area around 4009 USDT is a strong support zone, with concentrated buying power. However, when the price approaches this point, the volume continues to shrink, indicating a strong wait-and-see sentiment in the market. The lower Bollinger Band is close to overlapping with the 4009 support, and the MACD red bar has shortened, indicating an increased downside risk. If it falls below 4009, it may accelerate its descent to 3995. Open membership immediately, accurately track the main trends, and grasp key points! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.

[Decrypt: New York Democratic Lawmakers Propose Higher Taxes on Bitcoin Miners to Address Environmental Impact] Democratic lawmakers in New York have proposed higher taxes on Bitcoin miners, aiming to mitigate the potential environmental impact of crypto mining. Previously, New York passed legislation restricting certain energy-intensive mining activities to reduce carbon emissions. This move could lead to miner migration or industry opposition, further affecting the balance of the local economy and policies. (Decrypt)

[Bitcoin Market Cap Surpasses Amazon, Ranks Among Global Leaders] Bitcoin's market cap recently surpassed Amazon, becoming one of the highest-valued assets globally. As of now, Bitcoin's market cap is approximately $600 billion, while Amazon's market cap is around $540 billion. This marks a further elevation of Bitcoin's status in the global financial market. (Cointelegraph)