Ether plunged to a 10-day low as investors rushed into the dollar and gold following Israeli airstrikes on Iran.
The Cardano ecosystem could soon undergo a strategic treasury shift to energize its DeFi and stablecoin sectors. On June 13, the network founder Charles Hoskinson suggested allocating around $100 million worth of ADA from the network’s treasury towards a mix of stablecoins and Bitcoin. According to him: “[W]e take about a hundred million worth of ADA […]
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On-chain data shows Ethereum has just witnessed its largest daily withdrawal in over a month, a sign that may turn out to be bullish for the asset’s price. Ethereum Has Recently Seen Notable Exchange Outflows As explained by the institutional DeFi solutions provider Sentora (formerly IntoTheBlock) in a new post on X, a large amount of Ethereum has left exchanges. The on-chain indicator of interest here is the “Exchange Netflow,” which measures the net amount of ETH entering into or exiting out of the wallets associated with centralized exchanges. When the value of this metric is positive, it means the exchanges are receiving a net number of deposits. As one of the main reasons why investors deposit their tokens to these platforms is for selling-related purposes, this kind of trend can have a bearish implication for the ETH price. Related Reading: Tron Has Plenty Of Room For A 2025 Bull Run, Risk Metric Signals On the other hand, the indicator being below zero suggests the exchange outflows outweigh the inflows. Such a trend can imply the holders are accumulating, which can naturally have a bullish effect on the asset. Now, here is the chart shared by Sentora that shows the trend in the Ethereum Exchange Netflow over the past month: As displayed in the above graph, the Ethereum Exchange Netflow has seen a sharp negative spike during the past day, which suggests the investors have withdrawn a significant amount of the cryptocurrency. In total, the exchanges have handled net outflows of more than 140,000 ETH (worth about $390 million) with this withdrawal spree. This is the largest single-day exit that these platforms have faced in over a month. These outflows have come as Ethereum has been attempting a breakout from its month-long range. As such, it’s possible that a portion of the large holders of the market have some level of confidence in this rally. In some other news, the cash-margined Ethereum Futures Open Interest has set a new all-time high, as the on-chain analytics firm Glassnode has revealed in an X post. The Futures Open Interest is an indicator that measures the total amount of positions related to Ethereum that are currently open on all derivatives platforms. Here, the ‘cash-margined’ Open Interest is of relevance, which includes all the contracts that have fiat/stablecoins as collateral. Related Reading: Bitcoin Options Traders Expect Quiet—But On-Chain Data Suggests Chaos From the chart, it’s apparent that this metric has recently seen some rapid growth and has achieved a new record of about $20 billion. “Despite a slight pullback from the $2.8K levels, leverage continues to build as traders load up using stablecoins,” notes Glassnode. ETH Price Ethereum crossed beyond the $2,800 level earlier, but it appears it has seen a setback as its price is back at $2,750. Featured image from Dall-E, Glassnode.com, IntoTheBlock.com, chart from TradingView.com
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
SharpLink's shares fell over 70% after the company's recent filing notifying a potential resale of over 68 million common shares.
According to recent technical analysis, Ethereum (ETH) may be gearing up for a major breakout that could propel the cryptocurrency close to the $4,200 mark. Meanwhile, ETH continues to attract growing institutional interest, with Ethereum exchange-traded funds (ETFs) outperforming their Bitcoin (BTC) counterparts. Ethereum Headed For A Breakout? In a recent X post, noted crypto analyst Titan of Crypto highlighted that ETH is climbing within a massive weekly broadening wedge structure. The analyst shared the following chart and suggested that ETH could be targeting the $4,200 level – marking the top of the wedge. For the uninitiated, a broadening wedge is a chart pattern characterized by diverging trendlines, where price makes higher highs and lower lows, forming a megaphone-like shape. It typically indicates increasing market volatility and can signal a potential breakout, with the direction depending on the prevailing trend and breakout confirmation. Related Reading: Ethereum Gains Momentum Amid Flat Funding Rates – Is This A Healthy Uptrend? Fellow crypto analyst Master of Crypto echoed a similar outlook, stating that ETH is “setting up for a big move,” especially with over $2.2 billion in short positions clustered near the $3,000 level. If Ethereum breaks above $3,000, it could trigger a short squeeze, potentially accelerating ETH’s rally. At the time of writing, ETH is trading 43.7% below its all-time high (ATH) of $4,878, recorded in November 2021. Capital flows also indicate rising institutional interest in Ethereum. Crypto market commentator Ted Pillows recently pointed out that spot ETH ETFs attracted $240.3 million in inflows yesterday, compared to $164.6 million for spot BTC ETFs. The stronger performance of ETH ETFs suggests that capital may be rotating from Bitcoin to Ethereum. It’s worth noting that while BTC is up 54% since June 2024, ETH is still down 24.6% during the same period. Crypto trader Merlijn the Trader shared the following monthly BTC/ETH chart showing two consecutive red candles, signaling a potential shift in momentum as BTC weakens relative to ETH. The trader noted that a similar capital rotation in 2020 preceded a “monster altseason.” Things Look Positive For ETH While altcoins like Solana (SOL), Tron (TRX), and SUI created fresh ATHs in 2024, ETH’s performance did not live up to expectations. As a result, the broader sentiment in the Etheruem ecosystem took a hit. Related Reading: Ethereum ‘Insanely Undervalued’ As Accumulation Addresses Keep Stacking – Is A Rally Imminent? However, 2025 appears to be ushering in a more favorable outlook. On-chain data reveals that ETH faces no major resistance until the $3,417 level. Additionally, ETH recently flashed a golden cross on the daily chart – a bullish technical signal that could indicate an impending rally. At press time, ETH trades at $2,756, down 1.7% in the past 24 hours. Featured image from with Unsplash, charts from X and TradingView.com
The crypto market is in the red today, with the global market cap slipping by 4.32% to $3.25 trillion. Most cryptocurrencies, including Bitcoin, Ethereum, XRP, and Solana, are seeing sharp losses. Bitcoin is trading below $104,000 at the time of writing. There is support near $101,000 to $102,000. Ethereum (ETH) has dropped over 9% in …
The company earlier raised $450 million in a private placement round from investors to pursue an ETH reserve strategy.
Israeli Defense Minister Israel Katz declared a state of emergency following the country's airstrikes on Iran.
Leading Ethereum supporters say the cryptocurrency is 'significantly mispriced' and poorly understood by institutional investors.
Ethereum is at a critical juncture after breaking above key resistance but failing to sustain momentum toward the psychological $3,000 level. The recent surge brought optimism to the market, yet ETH has now pulled back slightly, struggling to extend gains as global uncertainty weighs on sentiment. With macro pressures mounting and negotiations between the US and China over a potential trade deal in focus, the broader market appears to be awaiting clarity before making its next decisive move. Related Reading: Solana Forms Higher Low: Charging Toward Range Highs? Top analyst Rekt Capital offered historical context to Ethereum’s current setup, pointing to two previous cycles where ETH successfully retested the $2,500 level before launching toward $4,000. In August 2021 and again in early 2024, ETH held $2,500 as strong support (green circles), acting as the foundation for a major breakout rally. This repeating pattern has investors now eyeing the same level with growing interest. As Ethereum trades near $2,750–$2,800, the coming days could determine whether this current setup mirrors past bullish cycles—or if momentum fades again. With strong support beneath and a clear historical roadmap above, ETH’s ability to reclaim strength could trigger the next leg in what many believe may be the start of altseason. Ethereum Echoes Past Patterns Ahead Of Potential Breakout Ethereum has rallied over 100% since its April lows, showcasing powerful momentum and heightened activity at current levels. After briefly tapping a local high near $2,830, ETH has retraced slightly but remains firmly above the $2,750 mark—a key area that now acts as short-term support. The strength of this rebound is fueling growing speculation that Ethereum may not only be preparing for another leg up but also setting the tone for a broader altseason. Analysts across the board are closely watching ETH’s current consolidation, with many citing historical patterns as a reason for optimism. Notably, Rekt Capital highlighted a recurring pattern that has previously led to significant rallies. In August 2021, Ethereum successfully retested the $2,500 level as support before surging to approximately $4,000. The same thing occurred in early 2024, when ETH once again bounced from $2,500 and rallied to the same zone. Now, for the past five weeks, Ethereum has repeatedly confirmed the $2,500 level as solid support, forming what appears to be a textbook foundation for another major move. This accumulation phase—mirroring past cycles—has many traders confident that ETH could soon reclaim $3,000 and begin leading altcoins higher. With macro conditions still uncertain and market participants looking for signals of strength, Ethereum’s behavior at these levels carries added significance. If ETH can maintain its position above $2,750 and build momentum through $2,830, the market could see an explosive shift in sentiment, potentially triggering the next phase of the bull cycle. For now, all eyes remain on Ethereum as it tests the top of its multi-week range with bullish conviction. Related Reading: Ethereum Price Tests Ascending Channel Resistance – Breakout Or Breakdown? ETH Holds Above Breakout Zone After $2,830 Rejection Ethereum is currently trading at $2,749 on the 4-hour chart, holding above a key breakout zone between $2,700 and $2,740 following a brief rejection at $2,830. After breaking above this multi-week resistance last week, ETH surged into higher territory before pulling back in the last few sessions. Despite this retrace, the price has so far maintained support above the previous resistance area, now acting as a strong demand zone. This range—highlighted by the yellow box on the chart—served as a ceiling for nearly a month before being flipped into support during the breakout. Ethereum is now consolidating right above this area, and as long as it remains above the 50 and 100 simple moving averages (SMAs), the bullish structure is intact. Volume has started to cool off slightly, suggesting that traders are waiting for a decisive move—either a bounce toward $2,800–$2,900 or a breakdown back below $2,700. Related Reading: Ethereum Still Rangebound Below $2,735 Level – No Clear Breakout Yet A successful hold of this support zone could confirm the retest and build momentum for another breakout attempt. However, failure to hold $2,700 could see ETH revisit the 200 SMA around $2,570. For now, Ethereum remains technically strong, but traders are watching closely for confirmation. Featured image from Dall-E, chart from TradingView
Ethereum reclaimed a significant technical level in the latest 24-hour trading session, with its price crossing above the $2,800 mark and briefly touching $2,870. This interesting cross makes it the first time since February 2025 that Ethereum has traded above the $2,800 threshold. The move comes amid rising bullish momentum flowing out from Bitcoin, and according to recent analysis from a crypto expert, this could be just the beginning of a much larger rally for Ethereum. Technical Pattern Says Ethereum Could Be Close To $20,000 An interesting technical formation on Ethereum has now caught the attention of some traders: a classic inverse Head and Shoulders bottom. According to crypto expert Gert van Lagen, who shared his analysis on the social media platform X, this inverse head and shoulders is setting up on a long-term timeframe. Related Reading: Ethereum Price Eyes 38% Jump To $3,500 As 50EMA Swims Into View Specifically, Ethereum’s two-week candlestick chart, shared by the analyst, reveals a fully formed structure with a left shoulder in mid-2021, a pronounced head that took shape during the bear market in late 2022 to early 2023, and a right shoulder forming throughout the 2024 correction into early 2025. The left shoulder emerged in mid-2021, when Ethereum’s price peaked around $4,870, then retraced into the year-end. The head was formed at the lows around $1,350 in 2022 and 2023. The right shoulder is currently in formation after the Ethereum price rebounded from roughly $1,600 in 2025. Finally, this pattern is also highlighted by a symmetry around the neckline drawn near the $4,200 price region. Keeping this in mind, the neckline of the pattern, which is anchored just below the $4,200 resistance level, is now the most important level to break above. A confirmed breakout above this zone could activate the full bullish target projected by the technical formation. ETH Price Close To $20,000 According to Gert van Lagen, the two-week head-and-shoulders pattern suggests Ethereum may be “closer to $20K than most anticipate.” His price target calculation follows a classic technical methodology. By measuring the vertical distance from the head’s lowest point to the neckline resistance and then projecting that same distance upward from the neckline, he arrives at a target of approximately $19,500, which is more than a 600% gain from today’s price levels. Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric In the same analysis, van Lagen also highlighted a descending broadening wedge pattern that has been forming since mid-2023. This secondary structure reinforces the notion that Ethereum may embark on a significantly larger breakout once $4,200 is cleared. However, this projection of $19,500 is based on the technical symmetry of the inverse head and shoulders pattern, rather than fundamental shifts in Ethereum. Additionally, there is no clear timeline for this target; however, based on the multi-year nature of the inverse head and shoulders pattern, the price target may also take up to four years to materialize. At the time of writing, Ethereum is trading at $2,772, having retraced slightly from $2,870. Featured image from Getty Images, chart from Tradingview.com
Also: EF Treasury Policy, Increase of OP_CAT Data Limit, and Plume Genesis Goes Live.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Investor demand for Ethereum-backed spot exchange-traded funds (ETFs) is heating up amid the asset’s bullish price moves. According to data from SoSoValue, spot Ethereum ETFs recorded $240 million in net daily inflows on June 11, their second-highest total for 2025. BlackRock’s iShares Ethereum Trust (ETHA) led the charge with $160 million inflows, followed by Fidelity’s […]
The post Ethereum ETF inflows reach second-highest level in 2025 as ETH’s market confidence climbs appeared first on CryptoSlate.
Ethereum finally pushed above the long-watched $2,800 mark, signaling renewed strength and triggering a wave of optimism across the market. However, the breakout was met with heavy volatility, as the price quickly pulled back into the previous resistance zone. Despite the rejection, ETH continues to trade near the top of its range, and analysts remain bullish on the broader altcoin outlook. Related Reading: Ethereum Price Tests Ascending Channel Resistance – Breakout Or Breakdown? With Bitcoin stabilizing near all-time highs and ETH attempting to reclaim momentum, many are calling for the start of a new altseason. Ethereum’s performance is viewed as a critical signal for the broader altcoin market — and for now, the structure remains intact. Bulls are watching closely to see if ETH can bounce and retest the breakout zone with strength. Top analyst M-log1 shared a technical update, noting that ETH is currently sitting at key support levels. He emphasized the importance of a clean bounce and a breakout from the current ascending channel. While M-log1 isn’t calling for a breakdown yet, he highlighted the need for caution and patience as price action unfolds. For now, Ethereum holds support, but the next move will be crucial. Ethereum Leads With Strength But Volatility Keeps Market On Edge Ethereum is currently leading the crypto market, showing relative strength as it holds above key price levels despite a backdrop of volatility and global uncertainty. Trading above $2,750, ETH has become a focal point for investors who see it as the leading indicator for a potential altcoin rally. However, recent price swings have introduced a wave of caution, as traders weigh the risk of a pullback against the promise of a breakout. Macroeconomic headwinds remain a critical factor. Global tensions, rising US Treasury yields, and uncertain trade negotiations between the US and major economies continue to drive investor sentiment. These external pressures have kept volatility high and market conviction relatively fragile, even as Ethereum maintains its structure above support. M-log1 shared a technical breakdown, noting that ETH is now sitting at a key support zone near $2,750. According to him, Ethereum “needs to bounce and break out of the current ascending channel” to reignite upside momentum. If that fails, the structure may tilt bearish, with a potential revisit of the lower end of the channel. He added that while he remains optimistic, probabilities shift quickly in this environment, and the next few sessions will be critical. Still, Ethereum’s relative strength amid macro noise suggests underlying confidence. If ETH can reclaim the $2,800–$2,830 region and flip it into support, it could pave the way for a run toward $3,000 and set the tone for altseason. Until then, price action remains compressed, and the market watches closely as Ethereum teeters at a technical and psychological pivot point. Related Reading: Solana Forms Higher Low: Charging Toward Range Highs? Ethereum Holds Key Levels As Price Tests Critical Moving Averages Ethereum is trading at $2,753 on the 3-day chart, showing strength after pushing above the 200-day simple moving average (SMA) at $2,768.62. While ETH briefly reached a high of $2,785, the candle currently reflects a slight pullback from that level. This rejection is not yet a bearish signal, but it does mark the $2,770–$2,785 range as a short-term resistance zone. ETH remains well-positioned technically, holding above the 50-day ($2,325), 100-day ($2,647), and 200-day ($2,768) SMAs — all critical levels that have historically guided mid- to long-term price direction. The strong rally from April lows around $1,500 to current levels has reset the trend in Ethereum’s favor, but now a clean breakout above $2,800 is needed to confirm continuation. Related Reading: Ethereum Approaches Decisive Level – Trading Around 200 DMA Resistance Volume remains steady, with no major signs of distribution. A strong close above the 200 SMA on this 3-day candle could act as a bullish confirmation and set the stage for a push toward the $3,000 mark. On the downside, if ETH fails to hold $2,700, a retest of the $2,600–$2,650 support zone is likely. Featured image from Dall-E, chart from TradingView
Despite a 0.15% pullback, ETH options skew, exchange outflows and ETF flows all point to growing upside interest among traders and institutions.
As Ethereum (ETH) attempts to reclaim its January 2025 price range, the cryptocurrency has been holding a recently recovered level, leading some analysts to suggest another 10% surge before new highs. Related Reading: Bitcoin Eyes New Highs As Price Retests $109,000, But Analyst Warns Of Potential Pullback Ethereum Breakout Eyes $3,100 Ethereum has reclaimed the key $2,800 barrier for the first time since February, nearing the $2,900 level on Wednesday morning. The King of Altcoins had been trading between the $2,475-$2,680 range since its May breakout, unable to turn the range’s upper boundary into support. During last week’s retracement, ETH dropped to the $2,400 support before bouncing over the weekend. The crypto market’s recovery saw Ethereum surge toward the key resistance, finally breaking past it at the start of the week and hitting a three-month high of $2,879 today. Following this performance, Analyst Carl Runefelt from The Moon Show noted that the cryptocurrency had broken out of an ascending triangle formation and now targets the $3,100 resistance. The analyst previously highlighted ETH’s triangle pattern, which began forming at the start of last month’s recovery rally. During that period, the price compressed between the support and resistance lines, with the latter situated around the $2,700 mark. He forecasted a 15% surge toward the $3,100 level if the altcoin reclaimed the crucial resistance level. Based on this, Ethereum could climb another 10.7% if it holds its current range. Runefelt also pointed out another bullish formation in ETH’s trading pair against Bitcoin (BTC). According to the ETH/BTC chart, Ethereum also formed a bullish pennant pattern during the May rally. Amid this week’s recovery, the cryptocurrency has broken out of the formation’s upper boundary, eyeing a 30% surge toward the 0.03300 mark. ETH To Repeat History? Market Watcher Kaleo highlighted the resemblance between ETH’s performance between 2020 and 2025. According to the analyst, there are “a lot of similarities on the chart to where we are now vs. where we were in 2020.” As he explained, in the Spring of 2020, Ethereum experienced a major sell-off, fueled by the COVID-19 crash, which sent its price below a key higher timeframe (HFT) support. However, once the ascending trendline was reclaimed as support, ETH was “up only for the next 20 months.” Kaleo detailed the recent sell-off, caused by the Trump Tariffs scare, sent the altcoin below its multi-year ascending support trendline, adding that “ETH is currently on the verge of reclaiming that line.” Related Reading: Solana Triangle Formation Breakout Targets Rally To $164 – Is A Recovery Around The Corner? The analyst suggested that if history repeats, investors could see “another great ETH bull run and accompanying alt season.” Meanwhile, analyst DonAlt affirmed that ETH’s chart looks “pretty good” amid its HTF range reclaim. To him, a new all-time high (ATH) is likely if the $3,800 resistance is reclaimed, while the rally’s invalidation level is a close below the $2,200 mark. As of this writing, ETH trades at $2,803, a 6.7% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum pushed above the $2,820 mark yesterday, strengthening the bullish case for a breakout after weeks of consolidation. The move has created renewed optimism among traders who expect ETH to rally beyond its current range and begin a new upward leg. Despite lingering global tensions, markets are responding positively to growing speculation that a trade deal between the US and China may soon be finalized, offering a temporary boost to risk assets across the board. Related Reading: Ethereum Approaches Decisive Level – Trading Around 200 DMA Resistance Ethereum’s recent strength comes at a critical moment, as price approaches the upper boundary of its current ascending channel. Top analyst M-log1 shared a technical analysis highlighting this structure, stating that ETH needs to break out of this current channel. Until then, price action may remain contained within the structure, with limited upside unless a decisive breakout occurs. As Ethereum pushes toward resistance, all eyes are on volume and confirmation signals that could mark the start of a broader trend. For bulls, breaking above the ascending channel could signal the beginning of a strong move toward $3,000 and beyond. Until then, Ethereum remains at a key inflection point in its cycle. Ethereum Holds The Key To Altseason Ts Bulls Eye Breakout Ethereum is now at the center of the market’s attention, as its next move could determine whether a true altseason begins. While Bitcoin continues to lead, Ethereum’s ability to reclaim higher price levels—particularly above the $2,800 mark—will be critical in confirming the start of a broader altcoin rally. So far, positive sentiment and rising price action suggest momentum is building, with ETH pushing into resistance and forming a constructive setup. Bulls have regained control in recent sessions, but the challenge now lies in escaping the current structure. M-log1 highlighted that Ethereum remains trapped in an ascending channel, a pattern that often leads to slow grinding moves until a breakout or breakdown occurs. “If we want anything significant to happen,” he noted, “then ETH needs to leave this ascending channel.” Failing to do so increases the probability of a revisit to the lower end of the range, though M-log1 clarified that this isn’t a certainty—just a probability to keep in mind. On a positive note, Ethereum’s moving averages continue to trend upward and support price from below, providing a favorable technical backdrop. As long as these levels hold and bulls remain active, the breakout scenario remains the dominant outlook. If ETH can decisively flip $2,800 into support and break above the channel structure, it could unleash a wave of capital rotation into altcoins. Until then, Ethereum holds the spotlight—and its next move will likely shape the direction of the entire market heading into summer. Related Reading: Ethereum Still Rangebound Below $2,735 Level – No Clear Breakout Yet Ethereum Breaks Above Resistance But Faces Retest At Key Level Ethereum is currently trading at $2,771 on the daily chart after briefly breaking above the critical $2,800 resistance zone. This level has capped price action multiple times since early May, making this breakout attempt a significant development. However, today’s rejection from a high of $2,834 suggests that ETH is not yet ready to confirm a clean breakout and may be entering a short-term retest phase. The $2,750–$2,800 zone, now acting as immediate resistance, aligns closely with the 200-day simple moving average (SMA) at $2,654.52 — a historically important level that often dictates medium-term trend direction. ETH’s recent surge above all major moving averages, including the 50-day ($2,333.32) and 100-day ($2,085.42) SMAs, reflects growing bullish momentum and a strong trend structure. Related Reading: Ethereum Weekly Structure Tightens – Tower Top Pattern In Play? If Ethereum holds above the 200-day SMA on a retest and reclaims $2,800 with follow-through, the path toward $3,000 becomes more realistic. On the other hand, failure to hold this area could result in a slide back toward the $2,600–$2,650 support zone. Volume has picked up, indicating interest, but confirmation will come from sustained price above resistance. For now, ETH remains in a promising position — but the next few candles will be key. Featured image from Dall-E, chart from TradingView
Ethereum price started a fresh increase above the $2,750 zone. ETH is now correcting gains and might test the $2,680 support zone. Ethereum started a fresh increase above the $2,800 level. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line forming with support at $2,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,680 support in the near term. Ethereum Price Corrects Gains Ethereum price started a fresh increase after it found support near the $2,550 level, beating Bitcoin. ETH price was able to clear the $2,650 and $2,720 resistance levels. The bulls pushed the price above $2,800. ETH even spiked above $2,850. A high was formed at $2,880 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2,483 swing low to the $2,880 high. Besides, there was a break below a key bullish trend line forming with support at $2,800 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,750 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,800 level. The next key resistance is near the $2,840 level. The first major resistance is near the $2,880 level. A clear move above the $2,880 resistance might send the price toward the $2,920 resistance. An upside break above the $2,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,120 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,820 resistance, it could start a fresh decline. Initial support on the downside is near the $2,755 level. The first major support sits near the $2,680 zone and the 50% Fib retracement level of the upward move from the $2,483 swing low to the $2,880 high. A clear move below the $2,680 support might push the price toward the $2,620 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. 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 – $2,680 Major Resistance Level – $2,880
On-chain data suggests Ethereum doesn’t face any dominant resistance levels until $3,417, something that could open up the path to the mark. Ethereum Cost Basis Distribution Shows Resistance Ahead Is More Spread Out In a new post on X, the on-chain analytics firm Glassnode has talked about how the Cost Basis Distribution is looking for Ethereum right now. The “Cost Basis Distribution” is an indicator that tells us about how much of the asset’s supply was last purchased at which price levels. Related Reading: Bitcoin Back At $109,000, But HODLer Profit-Taking Down 89% First, here is a chart that shows what the cryptocurrency’s latest breakout has been like from the perspective of this indicator: As displayed in the above graph, Ethereum has managed to break through a few notable supply levels with the latest price surge. Both the $2,700 and $2,740 levels hold the cost basis of about 1.3 million ETH, while the $2,760 mark holds that of 800,000 ETH. In on-chain analysis, levels concentrated with supply are considered important, due to the simple fact that investors are likely to show a reaction to price interactions with their cost basis. When this retest occurs from below, the holders may react by selling their coins. Loss investors can be desperate to get back into the green, so when the price does return to their break-even, they can panic and exit out of fear that they will go back underwater in the near future. Naturally, the more investors that share their cost basis at a particular level, the stronger this kind of selling reaction tends to be. As such, levels above that hold a significant amount of supply can act as resistance barriers to ETH’s price. Ethereum was earlier stuck under the aforementioned supply zones for a month, potentially because of this resistance effect, but now the cryptocurrency has finally reclaimed them. Just like how strong levels above can pose resistance, those below can be a center of support instead. As such, it’s possible that the role of the $2,700, $2,740, and $2,760 supply walls would now change. “These investors accumulated during consolidation and now will potentially form a strong support zone,” notes Glassnode. The support effect can arise from holders carrying a bullish mindset and looking at declines to their cost basis as dip-buying opportunities, or simply from them wanting to protect their acquisition boundary. Now, here is another chart shared by the analytics firm that shows how the Ethereum Cost Basis Distribution looks for the levels ahead of the latest spot value: From the graph, it’s visible that the levels ahead have the Ethereum supply distributed in a more uniform manner, with no strong clusters present until $3,417. More specifically, the price levels before this mark contain 200,000 to 400,000 ETH at every $50 gap. In comparison, the $3,417 level currently holds the cost basis of about 607,950 ETH. Related Reading: Toncoin Heading Toward 40% Breakout, Pattern Could Suggest “If the $2.70K–$2.76K support range holds, the path to $3.42K remains technically open – but the response from holders in the $2.8K–$3.3K range will define how quickly ETH can climb – currently, it’s already 47.5% up QTD,” explains Glassnode. ETH Price Ethereum briefly broke above $2,830 in the past day, but the coin has since faced a pullback as it’s back at $2,780. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Ether’s 5.6% rally to a 10-day high followed soft May CPI and a draft U.S.-China trade truce, intensifying already brisk institutional demand.
Szilágyi also claims the EF, which has been undergoing a shift in leadership and focus, also funded a rival Geth development team.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
With the recent Ethereum price trend, a crypto analyst has pointed out that the altcoin could be looking to stage a similar rally to what was seen with Bitcoin back in 2021. Crypto analyst TradingShot pointed out the similarities in a recent analysis and showing where the price could go if it does play out the same way. Ethereum Looks Like Bitcoin Did In 2021 In the analysis posted on TradingView, crypto analyst TradingShot showed how this Ethereum cycle movement looked similar to Bitcoin’s 2021 cycle movement. The first of this was recovery from a major price crash that led to new cycle lows for the cryptocurrency, before staging a recovery that pushed it toward new highs. Related Reading: Is Altcoin Season Still Coming? Why Bitcoin Is To Blame Despite Making ATHs For Bitcoin, the crash happened when the COVID-19 lockdown was announced. Following this, the Bitcoin price had fallen more than 50% from above $9,000 to less than $4,000 in less than one month. However, after this, the Bitcoin price rebounded from the cycle lows, crossing the 1-week MA50, and then breaking the lower high trendline, and going on to reach new all-time highs. For Ethereum, the crypto analyst pointed to the price crash triggered by Donald Trump’s tariff wars as being similar to Bitcoin’s COVID crash. After Donald Trump announced tariffs on other countries, the Ethereum price also crashed by a large margin, going from above $2,400 to below $1,500 in less than a month. This has been dubbed the ‘Trade War Crash’, and the altcoin is still reeling from the decline. Currently, the Ethereum price is stuck at the point where it is still trying to break above the 1-week MA50, which is now the major level to beat to confirm this trend. Just like Bitcoin, it has also seen the formation of major resistance at the lower highs, and this sits right at the $4,200 level. This means the Ethereum price still has around a 50% rally to complete before it confirms a similar trend to Bitcoin. How High ETH Price Could Go If It Plays Out If Ethereum does reclaim the 1W 50MA and then breaks the lower highs at $4,200, confirming this trend, then the resulting rally could be exceptional. For example, after breaking the lower highs, the Bitcoin price went on to reach new all-time highs of $69,000 in 2021. This means that the price went from below $4,000 to $69,000 in the space of a year. Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric A similar rally would mean that the Ethereum price would rise above $10,000. Taking the same timelines into position, it would put ETH at this price sometime in 2026, a year from when the Trade Wars crash had occurred. A closer parabolic rally and an imitation of Bitcoin’s 1,700% rally would mean a price tag above $15,000 for the second-largest cryptocurrency in the space. Featured image from Dall.E, chart from TradingView.com
With macro jitters rising ahead of today's CPI data, that caution might be the setup for the next breakout, according to K33.
Ethereum (ETH), the second-largest cryptocurrency by market cap, may finally be awakening from its slumber. It recently flashed a bullish golden cross on the daily chart – a signal that has many crypto analysts forecasting a potential new all-time high (ATH) in the near future. Ethereum Flashes Bullish Golden Cross In an X post published today, crypto analyst Titan of Crypto noted that ETH has formed a golden cross on its daily chart. He shared the following chart and remarked that bullish momentum appears to be building for Ethereum. To explain, a golden cross is a bullish technical pattern that occurs when a short-term moving average (MA) – typically the 50-day – crosses above a long-term MA like the 200-day. It signals a potential shift in momentum and is often seen as an indicator of a sustained upward trend. Related Reading: Ethereum Market Shows Signs Of Overheating Near $2,500 – Is A Short-Term Pullback Coming? Meanwhile, seasoned crypto analyst Ali Martinez commented on ETH’s recent price action. He noted that Ethereum has broken resistance on the 4-hour chart and could be setting up for a move as high as $2,920 in the coming days. Fellow market commentator Ted Pillows echoed a similar view. He stated that ETH is currently trading at a local range high, pushing against a key resistance level at $2,800. Pillows suggested that the digital asset might reach $4,000 later this month. Multiple technical indicators and market structure patterns are also hinting at near-term upside for ETH. For instance, crypto trader Merlijn The Trader observed a hidden bullish divergence on the 12-hour chart. A hidden bullish divergence occurs when price forms a higher low, while a momentum indicator – such as RSI or MACD – forms a lower low. This setup suggests that although momentum appears weak, the underlying trend remains intact, and a price continuation to the upside is likely. In a similar vein, digital assets analyst Crypto Caesar pointed out that Ethereum’s Wyckoff Accumulation pattern is “still playing out perfectly.” He shared a chart predicting that ETH may hit a new all-time high by August 2025. All Indicators Point To Further Upside Beyond the technical patterns, other on-chain and market indicators continue to support the bullish thesis. For instance, even after gaining over 11% in the past two weeks, Ethereum’s funding rates remain relatively neutral – a sign that the rally may still have room to grow. Related Reading: Ethereum Stuck Between Retail Sell-Off And Whale Accumulation, Analyst Explains Additionally, ETH is eyeing a potential breakout to $3,500, with its price projected to surge above the crucial 50-day exponential moving average (EMA). At press time, ETH trades at $2,740, up 6.8% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com
Six major areas, including UX and smart contracts, were named in the Ethereum Foundation's first report for its Trillion Dollar Security plan.
Circle's IPO highlights the value of holding both crypto assets and crypto-related equities, according to Bitwise CIO Matt Hougan.
In his latest macro-technical analysis, crypto strategist Kevin (@Kev_Capital_TA) has flagged a potentially pivotal moment for Ethereum (ETH), arguing that a confluence of rare monthly chart signals—some not seen in years—could be laying the groundwork for durable altcoin outperformance. Speaking in a video posted June 9, the analyst described the current Ethereum setup across multiple timeframes as “something we’ve never seen before,” drawing comparisons to historical signals that preceded major rallies in 2016, 2018, and 2020. Ethereum Primed For Macro Breakout Kevin emphasized that Ethereum now exhibits strong bullish momentum across its USD pair, dominance chart, and ETH/BTC ratio, pointing to a simultaneous alignment of several high-time frame indicators. “These are things that just don’t pop up every day,” he said. “Matter of fact, these are things that have almost never popped up in such confluence throughout history for Ethereum.” The core of Kevin’s thesis hinges on what he calls a “monthly demand candle”—a large, typically green candlestick that emerges after a protracted correction. Ethereum printed such a candle in May 2025 following nearly a year of sideways chop and five months of drawdown. Historically, these demand candles have marked the start of significant uptrends. Kevin cited analogous structures in 2016, 2018, and during the COVID-19 crash in 2020, all of which preceded multi-month rallies. “This may be the most textbook demand candle we’ve ever had,” he noted, adding that “the last time we saw something like this was before ETH ran for nearly a year with barely any major correction.” Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric Supporting the candle analysis is a synchronized bullish turn in several technical indicators. The Market Cipher momentum wave has clipped into the oversold zone and printed a confirmed green dot buy signal. Simultaneously, the VWAP—volume-weighted average price—has crossed above the zero line, and money flow has started to trend upward. Kevin was explicit about the importance of this configuration: “Let me tell you something: this is a big deal.” The monthly RSI, currently sitting at 51, has not yet broken the crucial 70-level that historically marks the onset of parabolic price action. According to Kevin, “ETH has never even broken 70 this cycle. You haven’t seen what’s possible yet for Ethereum—or for altcoins in general. You’ve seen nothing yet.” He also highlighted the return of whale accumulation, measured through a proprietary “whale money flow” indicator. After exiting ETH positions for over a year—from March 2024 to May 2025—whale flows have shown a V-shaped bottom and are now turning up. “We are now starting to see accumulation durably here,” Kevin said. “You keep hearing that BlackRock’s buying ETH, and I don’t know if that’s reflected in this indicator, but we are definitely seeing whale activity occur on the monthly time frame.” The analyst went further, showing that Ethereum’s stock RSI on the monthly timeframe has not only bottomed out but is now rebounding sharply—a pattern that historically precedes long-duration uptrends. “This is aggressive movement,” he explained, noting that for confirmation, the RSI still needs to cross the 20-level, but emphasized that the current shape of the rebound is stronger than in previous cycles. Ethereum Shows Relative Strength Another key piece of the puzzle is Ethereum’s dominance chart, which tracks ETH’s market cap relative to the rest of the crypto space excluding Bitcoin. Kevin pointed to a potential double bottom on the monthly chart and a newly confirmed MACD momentum shift, the first in over two years. “That’s two years and one month of downtrend finally reversing,” he said. Related Reading: Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June Finally, the ETH/BTC pair is showing a near-identical structure to Ethereum’s dominance chart. Kevin believes this confluence is key. “Look at that—wow, that’s funny—it looks the same. You find your major low right where you found it in 2020. The monthly indicators are all curling up.” Still, he remained measured in his optimism, noting that macroeconomic conditions—particularly monetary policy—remain essential for confirming the bullish case. “It’s going to take some monetary policy shifting. We still need inflation to come in line. But the market is living four to six months ahead. If the market starts to sniff out that easing is coming, we’ll see that reflected in asset prices before it happens.” Referencing cycle theory and historical post-halving performance, Kevin argued that ETH’s recent relative strength fits both narratives. “Typically, ETH and altcoins start to outperform Bitcoin in the post-halving year. We’re halfway through that window—and it looks like it’s finally starting.” Looking ahead, he sees Ethereum as the “major key” that unlocks broad altcoin outperformance. “ETH opens the door to soaking up market cap, which will then leak down into mid-caps and small-caps. Everything starts with ETH.” While reiterating that patience is crucial, Kevin concluded with conviction: “The monthly timeframe indicators have never been more historically on our side. I think we’re on the verge of something really big.” At press time, ETH traded at $2,739. Featured image created with DALL.E, chart from TradingView.com