A bearish pennant pattern is forming on the daily candlestick chart. It will be confirmed if the price declines below $65.7K and cancelled if it rises above $70K. Taking a step back, the current move appears to be part of a protracted consolidation in the $60-70K range, a critical zone from a historical point of view.

Crypto News

Ethereum developers have presented an updated development plan for 2026. The Ethereum Foundation is focusing on scaling, improving the user experience and protecting the blockchain. The next major network update will be Glamsterdam, scheduled for the first half of 2026, followed by Hegota.

The Chicago Mercantile Exchange (CME) intends to open round-the-clock trading in cryptocurrency futures and options on 29…