Recently, this final week of June, the Ethereum price has demonstrated a powerful spike, decisively breaking above and re-testing the crucial $2,500 mark. This upward movement reflects a notable price action in ETH crypto driven by a confluence of factors that signal strong bullish sentiment, but also caution against potential short-term volatility has appeared as …
Ethereum price started a fresh increase above the $2,450 zone. ETH is now correcting gains from $2,520 and might slip to test the $2,320 zone. Ethereum started a fresh upward move above the $2,350 level. The price is trading above $2,400 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,320 zone in the near term. Ethereum Price Dips Below Support Ethereum price started a fresh increase above the $2,320 support level, like Bitcoin. ETH price was able to clear the $2,350 and $2,450 resistance levels to move into a positive zone. The bulls even pushed the price above the 76.4% Fib retracement level of the downward move from the $2,569 swing high to the $2,115 low. However, the bulls were active above the $2,500 level. A high was formed at $2,520 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2,114 swing low to the $2,520 high. Besides, there was a break below a connecting bullish trend line with support at $2,450 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,400 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,500 level. The next key resistance is near the $2,520 level. The first major resistance is near the $2,550 level. A clear move above the $2,550 resistance might send the price toward the $2,600 resistance. An upside break above the $2,600 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,520 resistance, it could start a fresh decline. Initial support on the downside is near the $2,400 level. The first major support sits near the $2,320 zone. A clear move below the $2,320 support might push the price toward the $2,250 support. Any more losses might send the price toward the $2,200 support level in the near term. The next key support sits at $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,320 Major Resistance Level – $2,520
Ethereum is back in focus after reclaiming the critical $2,444 resistance, following a sharp recovery from its breakdown below the $2,200 mark. The move has revived bullish sentiment, with many analysts calling for Ethereum to lead the long-anticipated altseason. The swift rebound caught traders off guard, reinforcing the view that the recent drop was nothing more than a fakeout. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds Top analyst M-log1 commented on the reversal, stating that ETH is back in range. His analysis points to the idea that Ethereum’s price action has successfully shaken out weak hands while setting the stage for a bullish continuation. If momentum holds, ETH could attempt a move toward the higher range around $2,600–$2,800, a zone that has consistently acted as a battleground in previous cycles. Ethereum’s role as the leading altcoin makes its performance critical for broader market direction. A confirmed breakout here could trigger renewed confidence across the altcoin market and open the door for the long-awaited altseason. For now, bulls are in control—but Ethereum must hold current levels and push higher to keep the momentum alive and avoid another retracement into bearish territory. Ethereum Holds the Line: The Key to Unlocking Altseason? Ethereum surged following the announcement of a ceasefire between Israel and Iran, easing geopolitical tensions and triggering a sharp rebound across the crypto market. ETH, which had briefly broken down below the $2,200 mark, has since reclaimed key resistance near $2,444—indicating growing strength among bulls. While buyers initially lost control during the wave of uncertainty, they are now regaining momentum as the entire market braces for the next decisive move. Despite rising optimism, the macroeconomic backdrop remains fragile. Recession fears in the U.S. continue to build as leading indicators flash warning signs, and tightening global financial conditions may pressure risk assets in the coming months. Yet in the crypto space, focus is shifting toward Ethereum’s performance as the likely spark for the long-awaited altseason. M-log1 shared his view, saying, “ETH is back in range. Nice fake out after all.” His technical analysis suggests that Ethereum has reentered its consolidation zone, a move that could signal strength if followed by continued upward momentum. “If we want alts to do well,” he added, “we want ETH to move towards the higher range here and break out as soon as Uncle Bitcoin makes a new ATH.” With Bitcoin hovering just 4% below its all-time high, Ethereum is now in a critical position. A sustained breakout from current levels could trigger renewed risk appetite across the altcoin market, creating the perfect setup for a rotation. For now, Ethereum is holding the line—but it must maintain this bullish structure and break above resistance to lead the next phase of growth. All eyes remain locked on ETH as it charts the course for what comes next. Related Reading: Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge ETH Regains Strength Near Key Resistance Levels Ethereum is showing signs of renewed momentum, trading at $2,451 after bouncing back strongly from a brief breakdown below the $2,200 level. The chart shows ETH has reclaimed the short-term descending trendline and is now testing major moving averages, with the 50-day SMA at $2,254, the 100-day at $2,639, and the 200-day just overhead at $2,780. This confluence of resistance above makes the $2,500–$2,800 zone a key battleground. Volume appears to be picking up alongside the price, signaling increased interest as ETH reclaims structure. This rally was partly fueled by the broader market response to geopolitical easing in the Middle East, but the technical setup now holds independent bullish potential. The recent price action forms what could be a classic “fakeout” and re-entry into range — a pattern that often precedes strong breakouts. To confirm a trend reversal, Ethereum needs to push and hold above the $2,650–$2,800 resistance band. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month If bulls can sustain this pressure, a run toward the March highs near $3,200 becomes increasingly likely. However, failure to build momentum here could see ETH range-bound or even revisit support near $2,200. For now, the trend is shifting in the bulls’ favor, with a breakout scenario back on the table. Featured image from Dall-E, chart from TradingView
Crypto analyst Crypto Wave has indicated that Ethereum could witness another significant price crash, presenting a bearish outlook for the altcoin. This price crash is expected to mark Wave C of a corrective move, with ETH dropping to as low as $1,800. Why Ethereum Could Still Drop To As Low As $1,800 In an X post, Crypto Wave declared that the primary expectation remains that Ethereum will see one more leg down in wave c of wave 2, targeting the zone between $1,950 and $1,700. Specifically, his accompanying chart showed that the largest altcoin by market cap could drop to around $1,800. Related Reading: Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000? The crypto analyst revealed that Ethereum has already hit the 0.5 fib retracement at $2,100, which is the minimum target for a Wave 2 correction. However, structurally, he claimed that this drop still looks like wave A only. Crypto Wave further explained that these ABC corrections are always three-part moves, and that is what he sees forming now for ETH. The broader crypto market, led by Bitcoin, has bounced back following the ceasefire between Israel and Iran. Ethereum has also rebounded, having dropped to as low as $2,100 last week. However, Crypto Wave suggested that the current market sentiment doesn’t invalidate this bearish setup for ETH and that it could still witness a deeper sell-off. The crypto analyst alluded to the fourth quarter of last year when Ethereum was underperforming heavily while many altcoins rallied. In line with this, he remarked that there could be a repeat of this scenario. However, on the other hand, Crypto Wave claimed that if ETH breaks above $2,880 impulsively, especially in one clean wave, then the correction could be over. He added that this would also put the altcoin in the early stages of a new bull cycle. 2021 Pattern Playing Out For ETH In an X post, crypto analyst Merlijn drew similarities between the current Ethereum price action and that of 2021. He stated that the 2021 playbook is repeating, with ETH having a dead count bounce, then a final retest before the parabolic leg. The analyst expects the altcoin to retest the $2,000 level before the massive move to the upside. Related Reading: Market Expert Who Predicted Ethereum Price Crash At $2,800 Reveals What’s Coming Next His accompanying chart showed that Ethereum could rally to as high as $11,000 on this uptrend. Merlijn had remarked that ETH has more firepower this time around than in 2021, which is why the altcoin could witness such a parabolic move to the upside. Interestingly, based on the chart, this rally is expected to happen between now and year-end. At the time of writing, the Ethereum price is trading at around $2,480, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Ethereum has bounced back sharply, reclaiming the $2,400 level after a volatile week marked by geopolitical tensions in the Middle East. Last weekend, ETH briefly dipped below the $2,200 mark as panic selling swept across global markets following US attacks on Iranian nuclear facilities. The sell-off triggered a sharp fakeout that briefly pushed ETH out of its multi-week trading range. However, bulls are regaining control, and Ethereum’s price action now signals the early stages of a potential recovery rally. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds Top analyst Ted Pillows shared a technical analysis highlighting that Ethereum is reclaiming the key $2,444 resistance level — a zone that previously acted as both support and resistance throughout May and June. If bulls maintain momentum above this threshold, it could open the door for a bullish continuation toward the higher end of the established range. While uncertainty remains due to lingering macroeconomic and geopolitical risks, Ethereum’s current structure shows renewed strength. Market participants are watching closely, as ETH often serves as a leading indicator for broader altcoin performance. Holding above $2,400 could become a catalyst for a broader rally, especially if Bitcoin continues to stabilize and approach new all-time highs. Ethereum Battles For Breakout As Market Awaits Direction Ethereum is trading at a critical juncture after a turbulent week of price action driven by geopolitical instability and macroeconomic uncertainty. Following a sharp drop below $2,200 amid panic selling over the Middle East conflict escalation, ETH has recovered significantly, now hovering around the $2,444 level. This price zone is key, not only as a technical resistance but also as a sentiment marker for traders watching for signs of a trend reversal or confirmation of a deeper pullback. Analysts remain divided on what comes next. Some believe Ethereum’s recent recovery could signal the beginning of a bullish continuation, especially if price action holds and pushes above the upper range levels near $2,600. A breakout from this zone would indicate renewed strength and could set the tone for a broader altcoin rally, particularly as Ethereum often leads sector momentum. Others, however, warn that the recovery might be short-lived, and a retreat to lower demand zones could occur if macro conditions worsen. Ted Pillows notes that Ethereum is currently reclaiming the $2,444 resistance level. He emphasizes that bullish continuation into the range highs is necessary to confirm breakout strength. Until then, traders are watching closely, as any rejection at this level could shift momentum back to the downside. With global tensions and monetary tightening from central banks continuing to influence markets, the coming weeks may determine whether ETH enters a new uptrend or retreats further into its long-standing consolidation range. Related Reading: Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge ETH Faces Long-Term Resistance The weekly chart of Ethereum (ETH/USD) shows a strong recovery from the $2,189 low, with ETH currently trading at $2,463 — a 10.5% gain so far this week. This sharp bounce comes after a fakeout below the $2,200 level and suggests renewed buying pressure following recent geopolitical volatility. However, price is now testing a major confluence zone formed by the 50-week ($2,660), 100-week ($2,625), and 200-week ($2,437) simple moving averages. This cluster of moving averages is acting as resistance, capping ETH’s upside momentum. Historically, when Ethereum breaks through these long-term trend lines, a significant trend continuation follows. But for now, bulls must decisively clear this $2,450–$2,660 zone to confirm a breakout and open the door toward the $3,000 psychological level. Related Reading: Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply Volume has slightly increased, indicating rising interest, but the rejection wicks from prior weekly candles suggest the market remains indecisive. As long as ETH holds above the 200-week SMA ($2,437), the structure remains constructive, but a breakdown below it would likely reintroduce bearish sentiment. Featured image from Dall-E, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
After suffering a major price crash back during the weekend, the Ethereum price has enjoyed an over 10% bounce that has put it back above major support levels. However, even with the recovery, the altcoin sits on shaky ground with geopolitical and macroeconomic factors still unstable. On the charts, there is also uncertainty as the second-largest cryptocurrency by market cap has failed to make any definitive moves from here, showing inconsistencies in movement. Ethereum Price Struggling At EMA Crypto analyst Swallow Academy noted that the Ethereum price has returned to trading at its Exponential Moving Average (EMA) earlier in the week after bouncing from its weekend lows. This has been referred to as the level of interest and sits around the $2,400 level, which has served as major support in the past. Related Reading: Analyst Says XRP Is Moving According To Plan, Here’s Why $1.90 Is Important The harsh drop from the weekend that pushed ETH from $2,500 to $2,150 has no doubt dented sentiment and sparked caution among investors. But the retest of the EMA at $2,400 suggests that buyers are still exerting their force and have been pushing up the price. Given these recent developments, the crypto analyst explains that it is currently a waiting game for the Ethereum price. From here, it could go either way, as confirmation is needed for which direction it is headed next. A breakout from here could move it back above the $2,800 resistance. However, a crash could be confirmation of rejection, sending Ethereum spiraling back toward lows at $2,000. Mapping Out Next Steps As the Ethereum price continues to show signs of continuation, crypto analysts have begun to map out where the altcoin might be headed next. Mister Spread pointed to the fact that Ethereum had actually shown a bullish Power of 3 (PO3), consisting of accumulation, deviation, and expansion. Related Reading: Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000? The accumulation phase has been completed, and is now in the phase of deviation, explaining the price crash. Now, the price seems to already be breaking out of the deviation box, suggesting that the expansion phase will be coming sooner than expected. Once the expansion phase is in motion, the crypto analyst expects the Ethereum price to move back into the supply area of $2,800-$3,000. However, if the price fails to climb and falls back below $2,100, then this bullish thesis would be invalidated. Featured image from Dall.E, chart from TradingView.com
XRP is flashing signs of growing investor confidence as over 80% of its total circulating supply is now in profit. With the token currently trading around $2.20, most holders are sitting on gains, reflecting a strong base of investors who are holding rather than panic-selling. According to Glassnode, XRP price surged above $2, over three …
The ramp-up in daily inflows comes as bitcoin's price rebounds amid a dollar index weakness tailwind, according to an analyst.
Ethereum price started a fresh increase above the $2,350 zone. ETH is now showing positive signs and might aim for a move above the $2,550 zone. Ethereum started a fresh upward move above the $2,320 level. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above the $2,550 resistance zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,250 support level, like Bitcoin. ETH price was able to clear the $2,320 and $2,350 resistance levels to move into a positive zone. The bulls even pushed the price above the 61.8% Fib retracement level of the downward move from the $2,568 swing high to the $2,115 low. The price is now facing hurdles near the $2,500 zone. Ethereum price is now trading above $2,450 and the 100-hourly Simple Moving Average. The price is now stuck near the 76.4% Fib retracement level of the downward move from the $2,568 swing high to the $2,115 low. On the upside, the price could face resistance near the $2,480 level. The next key resistance is near the $2,500 level. The first major resistance is near the $2,550 level. A clear move above the $2,550 resistance might send the price toward the $2,600 resistance. An upside break above the $2,600 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,550 resistance, it could start a fresh decline. Initial support on the downside is near the $2,440 level and the trend line. The first major support sits near the $2,390 zone. A clear move below the $2,390 support might push the price toward the $2,310 support. Any more losses might send the price toward the $2,220 support level in the near term. The next key support sits at $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,310 Major Resistance Level – $2,550
Ethereum has experienced a strong comeback after weeks of uncertainty and bearish momentum. Following a sharp breakdown below its long-standing consolidation range, ETH found support near the $2,100 level and has since surged 15% from Sunday’s low. The move comes amid improving market sentiment after a ceasefire agreement between Israel and Iran helped ease geopolitical tensions, while broader macroeconomic conditions remain in flux. Related Reading: Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply This recent bounce has placed Ethereum back into a critical technical zone, where bulls are once again attempting to reclaim control. After spending much of May and June in a sideways range, ETH is showing signs of renewed strength, fueling optimism that the next decisive move could be to the upside. Top analyst Mister Crypto shared a bullish technical outlook, highlighting that Ethereum is getting ready for a breakout. According to his view, the current price structure and momentum suggest ETH may be preparing to challenge previous resistance levels and enter a new phase of expansion. With on-chain activity starting to pick up and broader market confidence slowly returning, Ethereum could be positioning itself as the key altcoin to lead a potential rally in the coming weeks. Ethereum Reclaims Strength Ethereum has surged more than 15% from Sunday’s lows, recovering from sharp losses triggered by geopolitical tensions in the Middle East. The announcement of a ceasefire between Israel and Iran sent a wave of relief through global markets, with ETH leading the charge among major altcoins. After briefly losing key support levels, bulls are regaining momentum as Ethereum reclaims price levels last seen before the breakdown. This rebound marks a crucial moment for ETH, as it tests the strength of current market sentiment. While macroeconomic uncertainty continues—driven by growing fears of a U.S. recession, rising bond yields, and a cautious Federal Reserve—Ethereum appears to be consolidating for a potential breakout. The broader crypto market remains on edge, with altcoins underperforming Bitcoin, and many investors watching Ethereum closely as the likely catalyst for the long-awaited altseason. According to Mister Crypto, Ethereum is now preparing for a breakout above the $2,800 resistance. This level represents a major psychological and structural barrier, and a decisive move beyond it could redefine ETH’s trajectory for the remainder of the year. Volume is returning, and on-chain data shows rising confidence from long-term holders, signaling a potential shift in trend. If bulls succeed in pushing ETH past this zone, it could trigger renewed interest across the altcoin market and usher in a wave of fresh capital. As Ethereum flirts with this breakout level, its price action in the coming days may very well set the tone for the next phase of the crypto cycle. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month ETH Testing Resistance After 15% Surge Ethereum (ETH) is currently trading near $2,414 after rebounding sharply from the $2,100 zone, a level revisited last Sunday during heightened geopolitical tensions. The 8-hour chart shows a clean V-shaped recovery, with bulls pushing the price through the 200 SMA ($2,326), reclaiming short-term control. Volume surged on the way up, confirming strong buying interest during the bounce. However, ETH now faces a test near the $2,450–$2,500 zone, where the 50 and 100 SMAs converge. These moving averages, currently acting as resistance, previously played a key role during Ethereum’s consolidation in early June. A successful breakout above this range would open the door to a retest of the $2,700–$2,800 levels, as suggested by top analysts like Mister Crypto. Related Reading: Bitcoin Battles Key Support: Daily EMA-100 Must Hold to Prevent Deep Correction For now, price action remains in a neutral consolidation range with a slight bullish tilt. If Ethereum holds above the 200 SMA while building support above $2,400, the bullish case strengthens. However, failure to break above $2,500 could trigger another pullback toward the $2,300 level. The next few sessions will be crucial to determine whether ETH continues its breakout attempt or enters another phase of sideways consolidation amid broader market uncertainty. Featured image from Dall-E, chart from TradingView
Ethereum is once again aligning with the broader crypto market recovery as its price begins to reclaim ground lost during recent downturns. After briefly dropping to a local low of $2,177 over the weekend, the second-largest cryptocurrency by market capitalization has climbed back above $2,400. At the time of writing, Ethereum is trading at approximately $2,412, though it still reflects a 2.9% loss over the past week and a 2.4% dip over the last two weeks. Amid this price performance, a CryptoQuant analyst has assessed Ethereum’s interaction with the 50-day Exponential Moving Average (EMA), a commonly used trend indicator, and came up with an outlook on where the asset is likely headed. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month Ethereum Key Resistance Levels and Historical Price Patterns According to a recent post by CryptoQuant contributor İbrahim COŞAR, Ethereum is approaching a pivotal moment that could define its next price trajectory. The analyst believes that a decisive break above the 50-day EMA could propel ETH to the $2,800 level, with a further push toward $4,000 if resistance levels are breached. In his analysis, İbrahim COŞAR emphasizes that Ethereum must close consistently above the $2,500–$2,600 range to confirm a breakout. Past data suggests that ETH has previously moved sharply after breaking out of similar consolidation zones. Specifically, in an earlier phase, Ethereum oscillated between $2,100 and $2,800 before moving strongly to $4,000. A similar move could unfold if ETH can surpass the $2,800 resistance in the current market cycle. COŞAR also noted that Ethereum’s 50-week EMA remains a longer-term resistance barrier. A breach of this technical ceiling, combined with strong daily closes above short-term resistance levels, could indicate the beginning of a more aggressive upward trend. However, the analyst advised caution, pointing out that macroeconomic and geopolitical events, particularly those involving the US, Israel, and Iran, could trigger market volatility. He recommended avoiding excessive leverage during such periods. Additional Technical Perspectives Point to Further Gains Javon Marks, another crypto market analyst, presented a more aggressive outlook for Ethereum. In a recent post, Marks observed that Ethereum has broken above a descending trend line, which historically aligns with upward price continuation. He projected that Ethereum could see an 81% gain to reach a target price of $4,811.71. Furthermore, if momentum builds, an additional rally could extend gains by another 77%, pushing prices toward $8,557.68. These projections are not guaranteed, but they highlight growing optimism in Ethereum’s market structure, especially among traders who base strategies on technical chart formations. Related Reading: Ethereum Bounces Hard After Support Bluff, A False Alarm Or Fresh Rally? Despite recent volatility, the broader sentiment appears to favor a continuation of the upward trend, provided critical resistance levels are overcome and no major disruptive events emerge. Featured image created with DALL-E, Chart from TradingView
After winding down its bitcoin mining operations, Bit Digital plans to gradually convert its BTC holdings into ETH.
Crypto miner Bit Digital will sell off its bitcoin operations to deepen its ETH staking and treasury shift.
The Federal Housing Finance Agency (FHFA) under director William Pulte, has directed Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) to consider cryptocurrency in their risk assessments for single-family loans. Pulte noted in an X post that the decision was based on an intense review and the desire to …
Bit Digital will wind down BTC mining operations, sell stock & spin out its high-performance computing subsidiary to fund ETH purchases.
Also: ZKSync’s Airbender, Norway Plans To Ban Crypto Mining Centers, and XRP Ledger’s New Upgrade.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Cardano is advancing its long-term scaling strategy with a fresh wave of Layer-2 (L2) innovations, moving beyond the Hydra framework. This next phase was outlined during a high-level research session in June 2025, organized by Input Output Global (IOG), the core development team behind Cardano. The event convened technical leaders from the Intersect Working Group, […]
The post Cardano sets sights on a new era of scalability with layer-2 advancements appeared first on CryptoSlate.
Trump Media’s BTC-ETH fund pushes deeper into crypto as NYSE files rule change and political backing grows.
Ethereum price started a fresh increase above the $2,220 zone. ETH is now showing positive signs and might aim for a move above the $2,550 zone. Ethereum started a fresh upward move above the $2,220 level. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above the $2,500 resistance zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,200 support level, like Bitcoin. ETH price was able to clear the $2,220 and $2,250 resistance levels to move into a positive zone. The bulls even pushed the price above the 61.8% Fib retracement level of the downward wave from the $2,568 swing high to the $2,115 low. However, they are now facing hurdles near the $2,480 and $2,500 levels. Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average. The price is now just above the 76.4% Fib retracement level of the downward wave from the $2,568 swing high to the $2,115 low. On the upside, the price could face resistance near the $2,500 level. The next key resistance is near the $2,550 level. The first major resistance is near the $2,565 level. A clear move above the $2,565 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,500 resistance, it could start a fresh decline. Initial support on the downside is near the $2,390 level and the trend line. The first major support sits near the $2,350 zone. A clear move below the $2,350 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,250 support level in the near term. The next key support sits at $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,350 Major Resistance Level – $2,500
Ethereum’s price roller-coaster has drawn a dramatic wager from big players. While many smaller traders are bracing for more losses, a handful of massive accounts have broken the surface and put millions in a massive show of force. Related Reading: Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak Ethereum Whale Bets Surface According to on-chain data, one whale opened a long position worth $101 million at an entry price of $2,247, using 25x leverage. That bet paid off with roughly $950,000 in profit, but it also cost $2.5 million in fees. These numbers show just how high the stakes have become. High Fees Cut Into Gains This whale further withdrew 18,000 $ETH worth $40.38M from #Binance. Now, the whale holds 50,256 $ETH worth $112.62M, currently down $2.24M Address: 0x3952d69643f7a87237c7fc8bb33f8453c0b45500 https://t.co/49vC0iqMZP pic.twitter.com/rF5cX2gsXZ — Onchain Lens (@OnchainLens) June 23, 2025 Based on reports from On-Chain Lens, another whale moved over $40 million in Ether from Binance before opening its own leveraged trade. Combine the two wallets and you’ve got about $112 million riding on an ETH bounce. Yet those $2.5 million in fees highlight the hidden cost of big bets. Middle East Tension Hits Prices ETH slipped to about $2,113 on Sunday, marking its lowest level in 30 days. That drop came after US military strikes on Iran’s nuclear sites. United States President Donald Trump called the operation a “spectacular success” and warned of more action if Iran didn’t back down. Traders say the fallout from those strikes rattled global markets and fed crypto volatility. Retail Traders Watch Closely Retail traders tend to sell when prices drop. But these whales have the scope to weather downswings. Their large purchases indicate that they find value at current levels. Short traders might not agree, however. They’re sitting in many short positions, expecting ETH to decline further before it will rise. What The Whales See Experts say large holders tend to have lower break-even points. They can afford to wait months or years for a payoff. Some also use complex strategies across multiple markets. That makes their moves hard to read from the outside. Still, when you see $112 million on the line, it’s a hint that smart money senses a buying window. Related Reading: Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak Risks On Both Sides Leveraged trades amplify gains and losses equally. A 5% drop would trigger a forced sell-off on a 25x position. That could feed a sharp decline in ETH’s price. On the other hand, if the market turns up, those whales could pocket big returns well beyond what retail traders see. Investors will be watching every market swing. If geopolitical tensions cool and big money stays bullish, ETH could find footing above $2,200. But another shock—political or technical—might send the price tumbling again. Featured image from Imagen, chart from TradingView
Data shows the rebound in Bitcoin and other cryptocurrencies has punished the bears, triggering a massive wave of short liquidations. Crypto Sector Has Just Witnessed A Mass Liquidation Event According to data from CoinGlass, a large amount of liquidations have piled up on the cryptocurrency derivatives market. “Liquidation” refers to the forceful shutdown that any open contract has to go through if its losses exceed the threshold defined by its platform. Related Reading: This Bitcoin Zone Could Be Market’s Next True ‘Pivot,’ Says Glassnode Below is a table that shows the numbers related to the latest liquidations in the market. As displayed, the cryptocurrency sector has seen a derivatives flush of over half a billion dollars during the past day. Out of these, 73.7% of the liquidations, equivalent to $371 million, came from the short investors alone. The short-heavy mass liquidations have come as Bitcoin and company have rebounded following the news of a ceasefire between Israel and Iran. Earlier, US strikes on Iranian nuclear facilities had induced a crash in the market that ended up unleashing a flurry of long liquidations. This time, it seems the bears have been the ones caught out instead. As usual, Bitcoin and Ethereum have topped the list of liquidations, but interestingly, the latter ($168 million) has managed to outweigh the former ($153 million), which is generally not the case. Ethereum observing a higher amount of liquidations could come down to the fact that its price has seen a larger jump during the past day (7% vs 3.5%). It could also be an indication of an elevated level of speculative interest in the cryptocurrency. Out of the altcoins, Solana and XRP have topped the charts with $29 million and $13 million in liquidations, respectively. Though clearly, these numbers are quite small compared to the figures of the top two titans, showcasing the sheer difference in capital involved. In some other news, Bitcoin taker buy volume has shot up on the cryptocurrency exchange Bybit, as an analyst has pointed out in a CryptoQuant Quicktake post. In the chart, the data of the Bitcoin Taker Buy Sell Ratio is shown. This metric measures the ratio between the taker buy and taker sell volumes for a given platform. Here, the exchange involved is Bybit. Related Reading: Bitcoin STHs Capitulate: 14,700 BTC Moved To Exchanges At Loss It would appear that the indicator has recently seen a sharp spike above the 1 mark, a sign that long volume has started to sharply outpace the short one. According to the quant, spikes in the metric on Bybit have often preceded a surge in the BTC price. BTC Price Following the recovery run over the last 24 hours, Bitcoin has returned to the $105,100 mark. Featured image from Dall-E, CryptoQuant.com, CoinGlass.com, chart from TradingView.com
Ethereum’s price action in the past 24 hours has been characterized by a fall toward $2,100 before rebounding to the upside very quickly. Ethereum’s price dropped to $2,130 in the past 24 hours on crypto exchange Coinbase amidst a broader fall in the crypto industry, which also saw Bitcoin break below $100,000 very briefly. Despite the sudden Ethereum price correction, analysts have presented arguments that hint at a strong Ethereum rally once this current downturn is complete. Notably, their projections are not short-term, and one of them puts Ethereum’s next major target around $6,000. Wave A Complete, But Downside Likely Before Rally The first detailed analysis came from @CryptoWaveV, a trader who uses Elliott Wave Theory to forecast market structure. According to his recent post, Ethereum’s price has now completed what he considers to be wave A of a larger corrective structure. His chart shows Ethereum breaking down from a high around $2,900 and falling almost directly into a Fibonacci-based support zone between $2,134 and $1,957. Related Reading: Ethereum Bullish Wave Towards ATH Coming? Here Are The Targets Now that the Wave A pattern is complete, the prediction is a short-term bounce to as high as $2,792 as part of a wave B retracement. However, this upward move would likely be temporary before another Wave C leg downward, which could drive the Ethereum price to as low as $1,706 before a meaningful bottom is confirmed. This level is what the analyst refers to as his “ideal buy zone” for long-term accumulation. Although the short-term view includes price crashes, a full bullish impulse will resume once this corrective phase is complete. Wyckoff Structure Points $6,000 ETH Price Merlijn, a popular analyst on X, shared a contrasting yet converging perspective. In this case, the analyst’s outlook is based on Wyckoff’s accumulation framework. Merlijn stated, “Ethereum: Wyckoff says go.” Related Reading: The 5 Bullish Cases That Says Ethereum Price Could Reach $10,000 In 2025 According to the daily price chart that followed his analysis, the analyst showed that the crypto had already completed the spring and test phases, which are both components of a Wyckoff accumulation pattern. What comes next, according to the Wyckoff method, is the markup phase. The chart Merlijn posted aligns with this outlook. The chart projected that Ethereum will reclaim a horizontal range between $2,150 and $2,450, followed by a steady progression above $3,850, and then another strong move past $4,800, before ultimately culminating around $6,800 to $7,000. This bullish setup suggests that while the recent dip to $2,100 might have shaken confidence, it may have served a larger structural purpose. The spring and test patterns imply a final shakeout of weak hands, clearing the path for long-term buyers to step in. Finally, the outlooks from both analysts converge on a six-month to one-year trajectory that could see Ethereum breaking into the $6,000 range, if not higher. At the time of writing, Ethereum is trading at $2,420, up by 7.4% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
The gaming firm now holds nearly $470 million in ETH and claims to be the largest publicly traded holder of the cryptocurrency.
Ethereum has experienced significant volatility in recent days, driven largely by escalating geopolitical tensions in the Middle East. After breaking down from the range that had held since early May, ETH fell sharply to $2,100, triggering widespread concern among investors. The breakdown was largely attributed to the market’s reaction to the US attack on Iranian nuclear facilities, which escalated the conflict between Israel and Iran. Related Reading: Bitcoin Battles Key Support: Daily EMA-100 Must Hold to Prevent Deep Correction However, markets quickly responded to positive developments. Ethereum rebounded strongly above the $2,400 level following reports that Iran and Israel had agreed to a ceasefire, temporarily easing global risk sentiment. This relief rally brought new optimism to the Ethereum market, especially amid signs of institutional confidence. According to data shared by top analyst Ted Pillows, a major whale or institutional entity purchased another $8.91 million worth of ETH, continuing an aggressive accumulation streak. Over the past three weeks, this same entity has reportedly bought $422 million in Ethereum, signaling strong conviction despite recent market stress. This wave of accumulation suggests that long-term players may view the current price zone as a key opportunity, reinforcing the idea that Ethereum could be building a base for its next major move once broader conditions stabilize. Ethereum Surges As Ceasefire Ignites Market Optimism Ethereum surged over 14% following reports of a ceasefire agreement between Israel and Iran, providing a much-needed relief rally after weeks of geopolitical tension and uncertainty. The news sparked a wave of bullish momentum across the market, with ETH rebounding sharply from recent lows near $2,100 to trade firmly above the $2,400 mark. Bulls, who had lost control amid panic selling, are now showing signs of strength as the market prepares for its next decisive move. Despite this rebound, caution remains. The broader macroeconomic environment continues to tighten, with rising concerns over a potential US recession, high Treasury yields, and sustained hawkishness from the Federal Reserve. These factors could weigh on risk assets in the weeks ahead, putting Ethereum’s rally to the test. Nonetheless, optimism is building, especially around the possibility of the long-awaited altseason—one that many believe will be led by Ethereum. Adding fuel to this narrative is the growing trend of whale accumulation. According to insights shared by analyst Ted Pillows, a major whale or institutional entity has just acquired another $8.91 million worth of ETH. This purchase adds to a staggering $422 million in Ethereum accumulated over the past three weeks. Such aggressive buying suggests that large players are positioning themselves for a major move ahead, likely expecting Ethereum to be at the forefront of the next market cycle. As ETH consolidates above key levels, the accumulation trend could act as a foundational force supporting higher prices, especially if macro and geopolitical risks stabilize. Related Reading: Ethereum Holds Critical Support – $2,350 Level Could Define The Next Move ETH Reclaims $2,400 Following Sharp Rebound Ethereum has reclaimed the $2,400 level after a swift rebound from a breakdown near $2,100. The recent candle structure on the 3-day chart shows a strong wick to the downside, followed by a recovery, reflecting the impact of geopolitical developments, most notably the ceasefire between Iran and Israel. This bounce prevented a deeper selloff and has brought Ethereum back above a key psychological level. Looking at the chart, ETH remains under pressure from the 100-day and 200-day moving averages, currently acting as resistance around the $2,638 and $2,779 zones. Price also recently broke a short-term descending trendline and is now attempting to consolidate above it. This suggests the potential for a trend reversal if bulls can sustain momentum and push through the moving average cluster. Related Reading: Solana Cracks Below Key Structure – Head And Shoulders Breakdown Points To $106 Volume remains subdued but shows signs of recovery, signaling early interest returning after the fear-driven flush. A break and close above the $2,600 range would likely open the path to retest the $2,800 zone, which was a major supply area in previous months. Featured image from Dall-E, chart from TradingView
The move brings the firm's total ETH holdings to 188,478 ETH as SharpLink Gaming aims to become the largest corporate ether holder.
Ethereum’s core developers are pushing for a major technical change that could reshape how quickly the network processes transactions. On June 21, Barnabé Monnot, one of Ethereum’s core contributors, suggested a new proposal, EIP-7782, which would halve the block slot time from 12 seconds to 6 seconds. According to him: “Shorter slot times make Ethereum […]
The post Ethereum developers issue proposal to halve block slot time to boost transaction speed appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ethereum just pulled a surprise upward move after dipping below key support and its rising trendline. The sudden rebound caught bears off guard, fueling speculation about whether this was a mere fakeout or the start of a fresh rally. Fakeout Fools The Bears: Ethereum Reclaims Critical Support In a recent post on X, UniChartz drew attention to a classic fakeout move by ETH, where the price momentarily dipped below a significant support level and an ascending trendline, only to reclaim both shortly after. This sudden reversal disrupted bearish expectations, especially for those anticipating a deeper drop. Instead of confirming a breakdown, ETH snapped back above the key zone with notable strength, shaking up short-term sentiment. Related Reading: Ethereum Price Headed For Crash To $2,000 With Current Price Action According to UniChartz, this kind of false breakdown often traps bearish traders and can act as fuel for an upward move if momentum builds. The reclaim of the support zone is a strong technical signal, indicating that bulls are still in control for now. It not only invalidated the bearish thesis but also injected fresh optimism into the market, hinting at the possibility of a short-term rally. Still, UniChartz cautioned that follow-through is critical. If ETH can hold above this reclaimed area and form higher lows, it could set the stage for continued upside. However, any weakness or failure to maintain the level could lead to another shakeout. From Breakdown To Breakout? Key Levels In Focus After reclaiming the previously lost support level, Ethereum is showing signs of strength, but whether it can sustain this momentum remains the key question. The bounce has surprised many, especially after what looked like a clean break below a rising trendline and horizontal support. The current price action suggests bulls are regaining control, but the road ahead is lined with several resistance hurdles that could stall or reverse the advance. Related Reading: Is Ethereum Staging A Repeat Of 2021? Here’s Why A 200% Surge Could Follow The first level to watch lies around the $2,858 level, where Ethereum previously struggled to maintain traction. This area marks a confluence of short-term resistance from prior price rejections. A decisive close above this could open the door for a push toward $3,360, a level that has historically acted as a pivot zone and may attract both profit-taking and fresh short positions. Beyond that, the $3,659 level stands as a key psychological and technical barrier. This region is where bears have previously reasserted control, and reclaiming it would be a statement of intent from the bulls. Only a sustained break above this zone, ideally on strong volume, would signal a shift back toward a more dominant uptrend, potentially eyeing $4,100 and beyond. For now, the reclaimed support offers a solid base, but Ethereum’s upward journey depends on the bulls defending it convincingly and clearing these major resistance zones with strength and consistency. Featured image from Getty Images, chart from Tradingview.com