This Just Broke Ethereum

**SPEAKER_1** (0:00)
This is Discover Crypto, and we have a huge show for you today. It's Ethereum Dead. We have Ansem calling for $1,000 ETH. Did this latest DeFi hack put a coffin, put the nail in the coffin for ETH? We also have the Ceasefire Crumbling. What does this mean for the markets? The markets are not liking this unless you're an oil trader. And then we have the unluckiest trader in crypto, Elon Musk, cost him millions of dollars. It's a very special episode because we got the team back.
Oh, how was the vacation?

**SPEAKER_2** (0:29)
It was good. It was good. It was I came back and everything's right where I left you guys. Ceasefire on off on off on off back and forth. So, yes, snip, snap, snip, snip. But the prices are up a little bit. So, hey, I'll take it.

**SPEAKER_1** (0:42)
Yeah, let's go ahead and hit refresh. Let's look at the markets here. Now we're going to hit refresh. Can we turn this into a green? Oh, it's gaining a little. You saw it fall a little as well there. You see Bitcoin down 0.4%. ETH down 1.1%. BNB, the little flat spike here, as people sell their illiquid mean tokens, put it back into BNB. We have Cardano down about half a percent, and Monero up 1.8%.
But we are going to talk about the major, major hack. Canton, doing very, very well in this DeFi hellscape here. And we're going to talk about Aave. We're going to talk about what's going on with KelpDAO.
Major, major moves here, but we can't go ahead and look at the Bitcoin chart.
I want to go way back, way back into the past. This is 2024, 2023, you can see the bear market bottom of 22 We start climbing. We had a nice boost after BlackRock released the iBit. After they started selling Bitcoin ETFs to their clients, Bitcoin would pump from about 40,000 to a little over 70,000 very, very quickly. Now, this is March of 2024 I'm going to go ahead and put a horizontal line right here. And you'll see we retested this one time before we had our nice push up to 126,000, where we eventually topped out. You can see we came back down, got very close to retesting it right there. So act it as resistance, turn it to support, and look where we're at right now as we speak on the Daily Candles, Bitcoin coming down to this level. And so folks, this could be decent support. Just want to throw this on your radar here. Bitcoin though, still trading in the range, rejecting. This is Friday, almost to the penny of where we've been calling to say, hey, look for some shorts. I think Bitcoin is going to correct. But now I'm here to tell you the update. Bitcoin might have some strong, strong support at this range.

**Drew** (2:29)
Yeah, I was trying to catch that short at 77.5 to got to check out a couple of times. And then over this weekend, all the signals were going off for a long, especially when we're getting near that midpoint of the channel.
So I went long. I went live and actually saw Face was live as well. And it was a really quick, you know, nice move in trade to begin with. But then the lack of ceasefire, kind of the reverse of the ceasefire news started to take hold and chillax me back down to my entry point. I kept it safe, stop loss in place. So I didn't lose any money, but it was, it was a heck of a ride.

**SPEAKER_2** (3:02)
Yeah, I see you guys talking about my pink eye and this, this definitely happens every time I go out of town. It seems my wife says I'm allergic to vacation, but every time I go to Florida for the last, couple of years for whatever reason, like it's super, it's like my eyelid gets sunburned.

**SPEAKER_1** (3:18)
Is it like the Mark Wahlberg movie where the air is poisonous? Or do you have insects crawling on your face at night?

**SPEAKER_2** (3:25)
Hopefully it's the I'll take poisonous air over insects crawling over my.

**SPEAKER_1** (3:29)
And chat, what is the name of that Mark Wahlberg movie I'm referring to? I don't know if you two are aware it's where the wind was poisonous and they always it was the M Night Shyamalan movie.

**Drew** (3:38)
Oh my gosh, I it's ringing a bell. I'm going to look it up real quick.

**SPEAKER_1** (3:42)
Chat will let us know, chat's always undefeated here. Now, I do want to show Bitcoin's liquidation levels.
This is just Bitcoin over the past 12 hours. We still had a small liquidity pocket. Now, I looked at this roughly three hours ago, so I haven't refreshed in about three hours. We're going to go ahead and hit refresh. See, has anything changed?