Ethereum’s crash below $1,500 over the weekend has pushed sentiment into one of its most fearful phases since the previous bear market, but crypto analyst Crypto Patel believes the current selloff should be viewed through a longer lens. The analyst’s roadmap places ETH inside a broad accumulation range, with the chart showing that the same movement as previous Ethereum tops and bottoms is still playing out, and Ethereum might be declining into an accumulation zone. Ethereum Enters Panic Zone As Price Revisits $1,500 Ethereum’s weekend drop has brought ETH close to $1,500, extending a painful correction that has already erased a large part of the gains since its August 2025 ATH. Recent market data from TradingView shows ETH briefly touched $1,505 on Saturday, June 6, during a crypto market-wide selloff, a move that has increased panic among traders, as evidenced by various posts on social media platforms. Related Reading: Institutions Are Loading Up On XRP, But Liquidity Tells A Different Story Crypto Patel’s reaction to the decline was that panic selling is not the answer. Technical analysis of the 2-week candlestick timeframe chart shows that Ethereum is now trading close to a zone where long-term investors should begin thinking in terms of staged accumulation, not emotional exits. Patel placed his preferred ETH/USDT accumulation range between $1,550 and $1,000, noting that the bottom could be in this zone, but no one can accurately call the exact bottom. The chart attached to his outlook, which was posted on the social media platform X, shows Ethereum trading on top of a green accumulation zone above the $1,000 support area. Ethereum 2-Week Price Chart. Source: @CryptoPatel On X This range is the strong support, and any downside from the current price levels will be limited to $1,000. However, a break below $1,000, if it happens, will only last a few days as a final liquidation move to force weaker holders out. Long-Term Roadmap To $16,000 Ethereum’s full price history, viewed through an Elliott Wave structure, shows the 2017 and 2021 peaks as major cycle tops within two separate cycles. The current price action is classified as a Wave 4 correction in a five-impulse wave count that started after the 2021 top. Wave 4 is a correction to a major accumulation point before a projected Wave 5 expansion phase into 2026 and 2027. Related Reading: Here’s How High The Bitcoin Price Will Climb If It Breaks The Current Bear Trend Patel’s roadmap places $3,945 as a major resistance level, which is close to the zone that capped several rallies after the 2021 peak. A breakout recovery above that price level would likely be the first confirmation that Ethereum has moved out of the accumulation structure and back into a larger bullish Wave 5 phase. The projected Wave 5 extension targets $16,000, timed to a cycle top between 2026 and 2027. Patel also stated that ETH above $10,000, and possibly even $20,000, are possible over the long term. Featured image created with Dall.E, chart from Tradingview.com
The launch comes as AI agents increasingly emerge as participants in crypto markets, executing trades and managing capital on behalf of users.
The company bought 126,971 ETH last week, worth roughly $214 million at current prices, despite chairman Tom Lee's earlier calls to slow purchases.
The Consensys leader told CoinDesk the Ethereum Foundation's role should be narrower and more focused on stewarding the network's core technology and values.
Ethereum is approaching a critical technical crossroads as bearish momentum continues to weigh on price action. With a major support zone now under intense pressure, traders are closely watching whether bulls can defend this level or if a breakdown will open the door to a deeper decline. Bear Flag Breakdown Keeps Ethereum Under Pressure Ethereum continues to slide, aligning with the broader bearish sentiment currently dominating the market. According to analysis from More Crypto Online, the asset’s recent breakdown from a previously identified bear flag and rejection of the yellow trendline strengthen the hypothesis that the significant B-wave rally peaked back in April. These technical failures serve as strong indicators that the prevailing trend remains firmly to the downside. Related Reading: Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom The leading scenario currently suggests that Ethereum is developing within a larger C-wave decline, with major support levels established at $1,550 and $1,400. While the price has already begun to react from the first support area, traders should remain cautious because bear market cycles frequently involve corrective rallies that can emerge unexpectedly from these support zones. In terms of risk management, any potential recovery attempt is anticipated to remain strictly corrective as long as the price continues to trade beneath the yellow trendline resistance. However, a stronger recovery would require the bulls to reclaim substantial resistance levels and fundamentally invalidate the current bearish framework. At this stage, such a reversal lacks the necessary confirmation and market strength. Ultimately, Ethereum remains locked in a definitive bearish trend following its exit from the bear flag formation. With support levels at $1,550 and $1,400 now squarely in focus, the structural setup continues to favor lower price action over an immediate reversal. ETH Reaches A Critical Decision Zone Crypto analyst MarketMaestro noted in an X post that Ethereum has successfully held both its long-term support trendline and a key Fibonacci support level on the monthly chart. According to the analyst, the current price zone has become a critical battleground between a routine correction and a much deeper structural decline. Related Reading: Ethereum’s Multi-Year Support Test Could Shape Its Next Big Move A monthly close below the current support area would significantly weaken Ethereum’s technical outlook and raise the risk of a broader breakdown. On the other hand, if support continues to hold, the recent pullback could still be viewed as a healthy correction within the asset’s longer-term bullish framework. Furthermore, if Ethereum manages to hold support, form a wick on the monthly candle, and rebound from current levels, it would suggest that buyers are aggressively accumulating during the dip and treating it as a high-value entry zone. Despite the possibility of a recovery, MarketMaestro cautioned that the stakes remain high. A decisive breakdown below support could force Ethereum into a prolonged bottoming process, potentially extending the period of weakness before a sustainable uptrend. Featured image from Getty Images, chart from Tradingview.com
A week that began with Strategy's bitcoin sale ended with one of the largest crypto market drawdowns in years.
Technical analysis of the 3-week chart outlook shows ETH pressing into the apex of a golden triangle formation that has survived the Covid crash, the 2022 bear market, and the ongoing 2026 correction. According to the analyst who first identified it, what happens next at the apex of that structure may define Ethereum’s trajectory for the next several years. Ethereum’s Nine-Year Structure Ethereum’s 3-week candlestick chart highlights a long ascending support line beginning near the early market cycle lows and stretching through the 2020 Covid crash, the 2022 bear market, and the latest correction since its August 2025 all-time high of $4,946. Related Reading: The Last Time Ethereum Did This Against Bitcoin, It Exploded Above $4,000 The formation’s upper boundary is a horizontal trendline, around the $4,800 to $4,900 range. Ethereum has struggled around that horizontal resistance, including during the 2021 peak and again during its return to record peaks. The lower boundary, however, has been the more important part of the structure because it has defined the larger bull-market trend for almost a decade. Each major downturn has tested the trend, but the structure has not yet broken with a close below the support trendline with a 3-week candlestick. That is why the current position on the chart is more than another routine support test. According to a crypto analyst that goes by the name Crypto Tice on X, this is the moment of truth. The triangle has survived everything the market threw at it, but nothing it has faced compares to right now. Where Ethereum Goes From The Golden Triangle The Golden Triangle now leaves Ethereum with two scenarios. The first is the bullish path, which depends on ETH continuing to hold the long-term ascending support line. The important breakdown level is at $1,950, meaning Ethereum still has to close the current 3-week candlestick above this level to keep the nine-year structure alive. Related Reading: The Mistake Investors Are Making About Ethereum That Could Cost Them Money; Analyst A successful hold above $1,950 would keep Ethereum inside the triangle and give bulls a chance to push the price back into the upper range of the structure. From there, the next important price level to watch is $4,350. That would turn the defensive setup into a breakout structure, with analyst Crypto Tice’s projected target at $10,000. The second scenario is the bearish one. A break and multiple candlestick closes below $1,950 would carry far more weight than a normal pullback because it would push Ethereum beneath the rising support that has guided the market through the Covid crash and the 2022 bear market. Such a move would cancel out the golden triangle thesis and imply that the nine-year bullish structure has finally failed. At the time of writing, Ethereum is trading at $1,575, down by 6% and 22% in the past 24 hours and seven days, respectively. However, there’s still time for Ethereum to return above $1,950 before the end of June. Featured image from iStock, chart from Tradingview.com
Sourcing initial capital from his mother to build a $1 billion crypto empire, DFG CEO James Wo says market metrics do not support Tom Lee’s $250,000 ether prediction.
In this week's edition of The Protocol Newsletter, we're looking at the state of the Ethereum layer-2 ecosystem.
The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.
Shares of Tom Lee's Ethereum treasury firm hit their lowest level since the company's crypto pivot as ETH revisits the February lows.
Ethereum is currently trading at a pivotal zone where long-term support and emerging bullish momentum are converging. With buyers attempting to defend a key multi-year trendline, the coming sessions could prove decisive for the asset’s broader outlook. A successful hold may set the stage for a powerful breakout, while failure could delay Ethereum’s next major rally. Ethereum Tests Critical Multi-Year Trendline Support After losing the $2,000 price mark, Ethereum continues to trend downward. However, recent analysis from World of Charts highlights that Ethereum has reached a critical technical juncture, currently testing a vital multi-year ascending trendline. The fact that this support zone is holding so far is a positive development, marking it as the most important area to monitor throughout the coming weeks. Related Reading: Ethereum Price Roadmap For The Rest Of 2026: Bull, Base, And Bear Scenarios Unpacked For a shift in momentum to occur, the asset needs to maintain this base while simultaneously overcoming the descending trendline overhead. Successfully reclaiming this overhead resistance would represent a major technical victory, potentially triggering a strong bullish wave and initiating a significant upward move. Despite the favorable setup, confirmation remains essential before projecting a larger rally. The stability of this support zone is the primary prerequisite for growth; if buyers continue to defend this level and a clean breakout is realized, Ethereum could be positioned for a substantial long-term bullish rally with significantly higher targets ahead. While patience remains the best strategy, the developing structure is becoming increasingly compelling for long-term investors and active traders alike. Closely monitoring these specific technical boundaries will be vital in identifying exactly when the market is ready to transition into its next expansion phase. Reclaims The 4H 200 MA And EMA After Months Of Weakness Speaking in a recent post, crypto analyst Daan Crypto Trades highlighted that Ethereum has achieved an important technical milestone by breaking above its 4-hour 200 MA and 200 EMA for the first time since losing those levels in April. The move suggests that short-term momentum may be shifting back in favor of the bulls after months of weakness. Related Reading: Ethereum Pullback Deepens, But Key Structure Still Signals Bullish Hope The analyst also pointed to Ethereum’s resilience against Bitcoin in recent sessions, noting that the asset has continued to show strength on lower timeframes. This relative outperformance has helped fuel optimism that ETH could be building a stronger recovery structure. According to Daan Crypto Trades, the breakout is worth monitoring closely. If Ethereum can maintain its position above these key moving averages, it could provide a boost to ETH-related sectors, particularly DeFi tokens and other ecosystem assets, especially if Bitcoin dominance continues to decline and capital begins rotating into alternative cryptocurrencies. Featured image from Pixabay, chart from Tradingview.com
CoinShares has laid out a five-year valuation framework for Ethereum that puts ETH at $14,135 by 2031 in its bull case, arguing that the asset’s long-term value now depends less on base-layer fees and more on its role as money, collateral and settlement infrastructure across the Ethereum economy. How High And Low Could Ethereum Go By 2031? The report, written by Luke Nolan, CoinShares’ senior research associate for Ethereum, frames ETH through a sum-of-parts model combining a cash-flow valuation, a monetary premium valuation and an additional network/speculative overlay. The headline outputs are wide: a bear case of roughly $1,443 by 2031, a base case of $4,935 and a bull case of $14,135, implying annualized returns of -9%, 16% and 43%, respectively, from current spot levels. Ethereum is getting harder to value. After Dencun, fees collapsed, but network usage kept growing. Our latest research by Luke Nolan (@eazygambit) introduces a 5-year sum-of-parts framework for ETH, combining cash flows, monetary premium, and network effects. Base case: ~$4,935… pic.twitter.com/dd938gknAR — CoinShares (@CoinSharesCo) June 2, 2026 The central premise is that Ethereum has become harder to value after Dencun. CoinShares notes that the upgrade moved execution activity away from the base layer and toward layer-2 networks, pushing user costs down and throughput higher, but also sharply reducing the fee revenue that had previously supported ETH’s “ultrasound money” narrative. Weekly fees that peaked above $200 million in early 2024 now run closer to $10 million, even as monthly active users have roughly doubled over the same period. “Ether is not a tech stock and it is not digital gold,” the report states. “It is the native asset of a permissionless platform on which builders can deploy essentially anything, drawing on decentralised security, leading liquidity, and global access. Within that ecosystem, ether also functions as money and as collateral.” Related Reading: Ethereum Coinbase Premium Hits Lowest Level Since February – Traders Are Watching That distinction drives the structure of the model. CoinShares’ first framework treats Ethereum like a business selling blockspace, projecting fee revenue across DEX trading, stablecoin transfers, DeFi activity, blob transactions, ETH transfers, real-world asset settlement, staking operations and a residual “other” category. In that framework, the contribution to ETH’s 2031 price is modest: $25 in the bear case, $385 in the base case and $2,055 in the bull case. Ethereum’s Future Depends On A Monetary Premium The second framework carries much more weight. It treats ETH as the monetary and collateral base of the Ethereum ecosystem, modeling demand from staking, DeFi collateral, layer-2 reserves, ETF inflows, corporate treasury allocations and store-of-value buying. CoinShares says this component produces a 2031 price contribution of $1,774 in the bear case, $3,960 in the base case and $10,065 in the bull case. Across the report, the bull case is deliberately demanding. It assumes Ethereum’s structural demand sources compound at elevated levels, rather than merely stabilize. CoinShares models fee revenue reaching $5.7 billion by 2031, supported by DEX volumes growing at a 25% CAGR and Ethereum L1 market share expanding to 35%. Stablecoin supply, in this scenario, reaches $2.8 trillion at a 50% CAGR, while tokenized real-world assets scale to $420 billion on Ethereum specifically. ETF flows are also a major variable. In the bull case, CoinShares assumes annual ETF flows reach $40 billion by 2031, while corporate buying rises to $25 billion and store-of-value demand grows meaningfully as the asset class matures. A 3x regime multiplier is then applied to buying pressure, reflecting a market environment with fewer willing sellers and stronger price discovery. Related Reading: The Last Time Ethereum Did This Against Bitcoin, It Exploded Above $4,000 “The bull case requires the six demand catalysts identified in section 4 to compound at high levels, with Ethereum increasing its market share over time as opposed to maintaining it,” CoinShares wrote. “One might consider this scenario an ‘everything has worked out perfectly and more’ scenario.” The base case is more restrained, but still constructive. It assumes Ethereum remains the dominant smart contract blockchain, DEX volumes grow at a 17% CAGR, L1 DEX share holds at 20%, stablecoin supply on Ethereum reaches around $450 billion by 2031 and DeFi TVL compounds at 25%. That path gives ETH a $4,935 implied price by 2031, or roughly 110% upside over five years. CoinShares says the greatest probability lies somewhere between the base and bull cases. The report argues Ethereum does not need to win every category to clear the base-case target, but it does need to hold DEX share, maintain its stablecoin position, deliver scaling upgrades such as Glamsterdam, and see ETH ETF flows improve toward bitcoin-adjusted levels. The key risk is that Ethereum’s post-Dencun economics remain unresolved. CoinShares explicitly flags weak fee revenue, uncertain blob mechanics, competitive pressure from alternative layer-1s, regulatory friction, monetary policy changes and delayed scaling milestones as variables that could force the model to be revisited. At press time, ETH traded at $1,870. Featured image created with DALL.E, chart from TradingView.com
Ethereum is struggling below $2,000 as selling pressure and market uncertainty combine to keep the asset pinned beneath a level that has become the defining test of whether the recovery from the cycle lows has any structural foundation remaining. The price is under pressure — and an Arab Chain report tracking the Coinbase Premium Index has identified a signal in the US institutional demand data that provides a specific explanation for why the recovery keeps failing to sustain itself. Related Reading: HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green The Coinbase Premium Index for Ethereum has fallen to approximately -0.16 — its lowest level since February — before a slight rebound brought it back toward -0.14 in recent sessions. The index measures the price difference between Ethereum trading on Coinbase against the US dollar and on Binance against USDT. When the reading is negative, Ethereum is cheaper on Coinbase than on Binance — a condition that directly reflects reduced buying activity from US-based participants relative to global liquidity. At -0.16, the signal is not ambiguous. American institutional and retail demand for Ethereum on the most regulated and most scrutinized US exchange has been running below global demand for an extended period. The slight rebound toward -0.14 suggests the worst of the US selling pressure may be moderating — but the index remaining at February lows confirms that the recovery in domestic demand has not yet arrived at the scale that would change the structural picture for Ethereum attempting to reclaim $2,000. US Demand Has Been Absent Since February The Arab Chain report places the current reading in the context that gives it its full weight. The Coinbase Premium Index has remained in negative territory for extended periods since the beginning of 2026, experiencing several sharp declines throughout the year. The current reading near -0.16 does not represent a new deterioration from a previously healthy baseline — it represents a continuation and deepening of a condition that has been present for months. Ethereum Coinbase Premium Index | Source: CryptoQuant That persistence is the most alarming element of the data. A single negative reading can reflect a temporary imbalance. Months of sustained negative readings describe a structural absence of the US institutional demand that historically drives Ethereum’s most durable advances. The price behavior that accompanies the premium data completes the picture. Ethereum has been moving sideways without clear upward momentum — a dynamic consistent with a market where global liquidity and short-term speculation are providing enough activity to prevent a collapse but insufficient conviction to drive a sustained recovery. Binance’s price premium over Coinbase confirms that the participants currently setting ETH’s price direction are operating through offshore venues rather than the regulated US infrastructure most associated with long-term institutional allocation. Declining market risk appetite and increased derivatives volatility are the macro conditions compounding the absence of domestic demand. Until the Coinbase Premium recovers into positive territory and sustains there, the market structure the Arab Chain report describes — global speculation filling the gap left by absent US investment flows — is unlikely to produce the kind of directional advance Ethereum needs to reclaim $2,000 with conviction. Related Reading: Chainlink Sends A Rare Signal As 66% Of Exchange Supply Sits On Binance Ethereum Breaks Below Key Support Ethereum is trading near $1,975 after decisively losing the psychological $2,000 level and continuing the downtrend that has developed since its rejection from the $2,300–$2,350 resistance zone in May. The chart shows a clear deterioration in market structure, with ETH now trading below its 50-day, 100-day, and 200-day moving averages — a configuration that confirms bearish momentum across multiple timeframes. Ethereum consolidates below $2,000 mark | Source: ETHUSDT chart on TradingView The most important development is the breakdown below the April support area around $2,050–$2,100. That zone previously acted as a launching point for the rally toward $2,400, but sellers have now reclaimed control and turned former support into resistance. Volume has remained relatively stable during the decline, suggesting the move is being driven by persistent selling pressure rather than a single liquidation event. Related Reading: Ethereum Flashes A Rare Signal As Open Interest Reaches Highest Level Since 2019 From a technical perspective, ETH is approaching a critical demand zone between $1,820 and $1,920, highlighted on the chart. This area marked the February cycle low and previously attracted significant buying interest. As long as ETH remains above this region, bulls can argue that the broader range structure remains intact. However, failure to hold this support would significantly increase downside risk. A clean breakdown below $1,820 could open the door to a deeper correction toward the $1,700 region. For bulls to regain momentum, Ethereum must first reclaim $2,050 and then challenge the major resistance cluster between $2,250 and $2,350, where every recovery attempt has failed since April. Featured image from ChatGPT, chart from TradingView.com
The Bitmine chairman said DeFi and AI could push the Ethereum network's value into the multi-trillion range, making current prices “future optionality at a discount”.
Ethereum is back at a point on its Bitcoin pair where the price action has always started to ask a dangerous question: is ETH still weak, or is it being priced for another rotation? A new ETH/BTC chart shared by crypto analyst BLADE shows Ethereum falling through 14 straight lower closes against Bitcoin, taking the pair below the same relative strength zone during its February low. The setup matters because the last visit to that area came at a moment of heavy pessimism around Ethereum. A few weeks later, ETH began to outperform Bitcoin, and the move eventually carried Ethereum above $2,450. Ethereum Returns To The Same ETH/BTC Buy Zone BLADE’s analysis focuses on the Ethereum/Bitcoin pair, where ETH has moved into a clear short-term breakdown against BTC after weeks of steady underperformance. The pair was trading above 0.0313 in April, but that level gave way as sellers continued to pressure Ethereum relative to Bitcoin. Related Reading: The Mistake Investors Are Making About Ethereum That Could Cost Them Money; Analyst By May, ETH/BTC had fallen below 0.027 after recording 14 consecutive lower closes, dragging it to its lowest level since July 2025. That decline means that the Ethereum price has not only been falling in dollar terms or struggling with the broader crypto market but has also been losing ground directly against Bitcoin. However, the most recent red candle on the ETH/BTC pair turned out to be a doji candlestick, which is the ultimate candlestick of indecision. The current candlestick is still green, and the Ethereum price is now in a position of outperforming the Bitcoin price. Interestingly, the deeper point in BLADE’s analysis is where the decline has brought the pair. The ETH/BTC RSI has returned to the same support zone that appeared around the February low, near the lower 30s on the indicator. That zone is highlighted on the chart below as the area where momentum became stretched enough in February for Ethereum to begin recovering against Bitcoin. What’s Next For Ethereum? At the time of writing, the ETH/BTC pair is trading at 0.02835, which is about 35% below its August 2025 high of 0.0434. This was the last time the Ethereum price was in a period of peak outperformance against Bitcoin, and it led to a breakout above $4,000 and its current all-time high of $4,946. Related Reading: Can Ethereum Stage The Biggest Comeback In History? Why Price Could Double Ethereum’s current setup is not identical to August 2025, but the rhythm is similar enough. The pair has returned to the same momentum support area, and the lower-close sequence has become stretched. The pair now needs to stop printing lower closes and reclaim the breakdown zone, and Ethereum starts seeing more inflows compared to Bitcoin, especially as BTC has now broken below $70,000 in the past 24 hours. However, Ethereum has not been immune to the broader market weakness either, with ETH also falling below $2,000 in the past 24 hours. Featured image from Freepik, chart from Tradingview.com
ETH could outperform BTC by 40% from current levels as bitcoin treasuries may sell assets to cover obligations, the bank's digital asset research head said.
The team behind Movement said it plans to leverage licensed payment partners alongside blockchain settlement rails to target the roughly $685 billion remittance market serving low and middle-income countries.
Bitmine Immersion Technologies chairman said minor sales from key holders and institutional outflows are typical market bottom behaviors rather than structural threats.
In a research post published Monday, Buterin proposed creating index-tracking assets using options contracts rather than the debt-based structures that underpin much of DeFi today.
The Ethereum treasury firm cut weekly purchases by more than 75% after the previous week's 112,000 ETH buying spree.
Ethereum is struggling to push above $2,000 as the market prepares for a decisive move that participants on both sides of the trade increasingly recognize as imminent. The price is compressing — and CryptoQuant data has identified a development in the derivatives market that explains why the current level feels like more than a routine resistance test. Related Reading: HYPE Whale Bets Grow Larger As Institutional-Linked Accumulation Reaches $170M On May 28, Binance recorded a 336,000 ETH increase in 30-day open interest while Ethereum traded near $1,990. That single-venue reading is the highest positive open interest expansion Binance has registered in the current chart since May 2019 — a data point that places the current derivatives activity in a historical context spanning six years of market cycles. This scale of positioning built at this specific price level is not normal market behavior. It is an extreme. Ethereum Multi Exchange Open Interest | Source: CryptoQuant The expansion was not isolated to Binance. OKX added 106,500 ETH in open interest. Bybit added 34,600 ETH. Deribit added 26,700 ETH. Four major venues simultaneously building derivatives exposure in a compressed window. A combined increase of approximately 503,800 ETH, representing nearly $1 billion in notional positioning, was added in a single session. Nearly $1 billion in new derivatives exposure was built around the $2,000 level in a single day. The market is not drifting toward a decision; it is positioning for one. And the CryptoQuant data reveals which side of that positioning is currently winning. $1 Billion in New Exposure and Record Selling Pressure The CryptoQuant report identifies the signal that prevents the open interest expansion from being read as straightforwardly bullish. The leverage build-up arrived alongside heavy sell-side pressure. Binance Cumulative Net Taker Volume fell to approximately -$744 million — its deepest negative reading since April 6, 2026. New leverage entered the market while aggressive sellers remained in control, creating a fragile structure rather than the clean bullish open interest expansion that typically precedes sustained upside. Ethereum Binance Cumulative Net Taker Volume | Source: CryptoQuant The historical record on sharp ETH open interest spikes is honestly mixed. Some preceded downside moves and liquidation cascades as the accumulated leverage unwound against the direction of the positioning. Others became the fuel for significant rebounds or short squeezes when the sellers exhausted themselves against persistent demand. The June 20, 2025 parallel is the most relevant comparison available. A similar Binance open interest build-up of approximately 250,000 ETH was followed by Ethereum’s rally above $4,600 — a move where the accumulated short positioning became the mechanism that accelerated the advance rather than capped it. Whether the current -$744 million in aggressive selling represents exhaustion building toward that kind of resolution, or the dominant force that eventually breaks the $2,000 level lower, is the question Ethereum’s next sessions will answer. Binance is currently the center of ETH derivatives stress — carrying both the largest open interest increase and the strongest aggressive selling pressure simultaneously. That concentration makes whatever resolution arrives more decisive than a dispersed market structure would produce. Related Reading: XRP Sends A Rare Signal As Whale-Retail Dynamics Are Shifting – Traders Are Watching Ethereum Tests Psychological Support As Bears Maintain Control Ethereum is trading near $2,000 after a sustained decline from the May highs around $2,400, placing the asset at a critical inflection point. The daily chart shows a clear loss of momentum over the past several weeks, with ETH breaking below the 50-day, 100-day, and 200-day moving averages. This alignment reflects a market that has shifted back into a bearish structure after failing to sustain its recovery from the February lows. Ethereum consolidates around $2,000 level | Source: ETHUSDT chart on TradingView The most important development is Ethereum’s rejection from the $2,300-$2,400 resistance zone. That area capped multiple rallies throughout April and May and ultimately triggered the current leg lower. Since then, sellers have steadily pushed price toward the psychological $2,000 level, a threshold that is now acting as the market’s primary battleground. Related Reading: Bitcoin Sends An Unusual Signal After Miner Inflows Top 20,000 BTC – Analyst Explains The Setup From a technical perspective, ETH is trading in the middle of a broader range that has contained the price since February. Immediate support sits around $1,950-$2,000. While the stronger demand zone remains between $1,800 and $1,900, highlighted by the lower yellow box on the chart. A breakdown below current levels would likely open the door for a retest of that region. Volume has remained relatively stable during the decline, suggesting controlled selling rather than panic liquidation. For bulls to regain momentum, Ethereum would need to reclaim $2,200 and eventually break back above the $2,300-$2,400 resistance area that has repeatedly rejected advances throughout the second quarter. Featured image from ChatGPT, chart from TradingView.com
As the crypto market matures, the relative strength between Ethereum and Bitcoin is becoming one of the most discussed narratives. The ETH ecosystem is entering a new phase of growth, fueled by scaling solutions, rising staking participation, and a more efficient supply structure. These improvements are steadily reinforcing the ETH fundamentals and long-term utility within decentralized finance and beyond. Ethereum, Bitcoin Recovery Depends On Adoption And Market Rotation The debate around whether Ethereum can reclaim its 2021 highs against Bitcoin is gaining renewed momentum as institutional voices turn increasingly optimistic. Crypto analyst Walter Bloomberg revealed on X that Geoff Kendrick of Standard Chartered remains strongly bullish on ETH despite its prolonged underperformance against BTC. Related Reading: Ethereum’s Price Pulls Back Close To $1,900, But Large Holders Remain Unfazed Geoff Kendrick argues that the current disconnection between ETH’s strong fundamentals and its weak price performance is only temporary. Meanwhile, ETH has experienced a significant drawdown to $2,100, a 57% since August 2025, with the ETH/BTC ratio declining by 37%. However, the on-chain transaction levels and total value locked (TVL) across the ecosystem have reportedly remained near all-time highs. Standard Chartered reportedly compares the current ETH situation to a major technology company, Amazon, during the 2021 dot-com crash, suggesting ETH could bounce back. The bank maintains aggressive long-term targets, projecting Ethereum to reach $4,000 by 2026 and potentially reaching $40,000 by 2030. A move of that scale would also push the ETH/BTC ratio back toward its 2021 peak. The bullish thesis is largely driven by ETH’s dominant 50-65% position in stablecoins and tokenized real-world assets (RWAs), with both sectors expected to experience massive growth. Macro Technical Levels Continue To Shape ETH/BTC Direction A partner with sizeprop known as Scient on X has mentioned that the broader Ethereum and Bitcoin macro prediction has now completed a textbook pattern, closely following the plan mapped out at the February lows. After a sustained 3-month rally, the price delivered a clean bearish retest of the daily market structure shift (MSS) and breaker zone, before rotating lower to sweep liquidity at the February range lows and fill the fair value gap. This move represents a textbook technical execution of the thesis. Related Reading: This 1 Chart Explains Why Bitcoin Is Winning And Ethereum Is Losing Right Now Currently, with price tapping into the critical 0.75 Fibonacci zone, the weekly timeframe is beginning to show early signs of a potential bounce. If ETH/BTC is going to establish a meaningful bottom, this would be the area where it will happen. On the lower timeframes, the 12-hour chart reveals an important development. The price has been holding its lows quietly for over a week, with the Relative Strength Index (RSI) printing bullish divergence, often a signal of classic accumulation at a key level. Scient noted that the confirmation of a sustained move higher is still pending, and the current setup places ETH/BTC at a decisive moment. Either way, the coming days are likely pivotal for determining the next major direction. Featured image from iStock, chart from Tradingview.com
Crypto analyst The Short Bear has addressed investors who are currently capitulating on Ethereum and offloading their coins. He cited a mistake these investors are currently making that could cost them money when the bull thesis for ETH eventually plays out. Analyst Reveals Misconception Investors Have About Ethereum In an X post, the Short Bear said that many people are mistaken in treating Ethereum like an end-stage Amazon as if the main question is already about mature margins, fees, and cash flows. He explained that, in reality, the layer-1 network is still very much earlier in its economies-of-scale phase, with nearly all metrics in the top-right corner and growing at mid-double-digit to triple-digit rates. Related Reading: Can Ethereum Stage The Biggest Comeback In History? Why Price Could Double The analyst further stated that most of the market is focused on the wrong battle, of which network can become the fastest and cheapest payment processor. However, he opined that the real value may not be in the transaction fee itself. Instead, the Short Bear believes that the real value lies in the amount of economic activity secured by the network, the credibility of that security, the neutrality of the base layer, and the difficulty of replacing such a network once it gains widespread adoption. The Short Bear remarked that this is where Ethereum seems different to him and why many institutions are choosing ETH. He noted that most other networks still feel replaceable and that if their advantage is mainly technical efficiency, it can eventually be copied or rendered irrelevant. However, the analyst believes that Ethereum stands out because the network is looking to become the most secure, decentralized, credibly neutral settlement layer for the internet economy. In line with this, the analyst declared that the most valuable network may not be the one with the lowest transaction costs. Instead, it may be the one people trust most to secure the highest-value assets and applications over the longest period. How ETH Could Become One Of The Only Neutral and Secure Bonds The Short Bear noted that 1/3 of the total Ethereum supply is now staked and that, in this scenario, ETH would not be just another asset to hold. Instead, it could become one of the only truly neutral and secure bonds for the digital economy. The analyst painted a scenario where ETH retains its market share while continuing to scale through upgrades that improve speed, throughput, and fees. He remarked that the potential remains significant, especially if AI agents truly become crypto-natives. Related Reading: Analyst Highlights Ethereum ‘Kill Zone’ That Shows The Best Time To Buy The analyst added that if Ethereum earns the crown as the leading value-secured network, then ETH could eventually be viewed as a truly decentralized, inflation-adjusting global bond. Under this scenario, he noted that ETH will be deserving of a premium market cap because of the value it provides in protecting assets, in addition to the incentives to stake and earn yields. Featured image from iStock, chart from Tradingview.com
Ethereum remains under heavy pressure after slipping below a major support level, reinforcing the growing bearish outlook across the market. With fear-driven sentiment increasing and sellers maintaining control, the $1,930 level has now emerged as the most critical support zone for bulls to defend to prevent a deeper decline. ETH Structure Turns Bearish Below Key Support According to a recent analysis shared by Mira Agent, ETH was trading around the $2,055 to $2,080 range at the time of the post, with the broader market structure continuing to show signs of weakness. Ethereum’s current setup is becoming increasingly important as bearish momentum gradually strengthens across higher timeframes. Related Reading: Ethereum Recent Bearish Breakdown Signals Growing Advantage For Sellers Mira Agent explained that the 4-hour chart remains bearish after ETH lost the key $2,050 support zone. Adding to the negative outlook, the 200-day moving average has maintained a downward slope since May 21. Lower highs continue to form on the chart, while selling pressure keeps building as market sentiment remains fragile, with the Fear & Greed Index currently sitting at an extreme fear reading of 25. Meanwhile, Mira’s AI confidence metric shows only 32% bullish probability at the moment. Key resistance levels to monitor are positioned at $2,050, $2,150, and $2,230, while major support zones are located at $1,930, $1,880, and $1,780. Mira outlined three possible scenarios for Ethereum moving forward. The dominant outlook remains bearish continuation in the near term with a 60% probability. A consolidation phase between $2,040 and $2,090 carries a 25% probability, while the bullish reversal scenario remains the least likely at 15%, requiring a decisive weekly close above the $2,180 level to confirm renewed strength. Institutional Demand For Ethereum Continues To Strengthen Stating what to look forward to, Mira Agent revealed that institutional tailwinds are quietly building, despite current market sentiment. Notably, BitMine has executed its largest Ethereum acquisition of 2026, signaling robust interest from major players. Furthermore, SharpLink is slated to enter the Russell indexes, a milestone that will trigger significant forced passive buying, adding a layer of structural support. Related Reading: Ethereum Price Struggles Near Key Levels As Market Sentiment Weakens Beneath the surface of market volatility, Ethereum’s fundamental health remains remarkably resilient. A key indicator of this stability is the shift in revenue streams for Ethereum treasury firms, where staking rewards now account for 60% of total income. This trend highlights a transition toward sustainable, yield-driven growth, proving that while the price has experienced a sharp contraction, the network’s underlying economic value has not broken. Bottom line: this is a moment for patience, not panic. It is crucial to watch the $1,930 level closely, as it represents the definitive line in the sand for the current cycle. As long as the market can hold this support threshold, the broader bullish case remains alive. Featured image from iStock, chart from Tradingview.com
In this week's edition of The Protocol Newsletter, we're diving deep into the institution that has been the main steward for the Ethereum blockchain, and why its been back in the spotlight.
Ethereum (ETH) has followed Bitcoin (BTC) and much of the wider crypto market lower over the past 48 hours, dropping below the key $2,000 support level and reigniting concerns among some investors that a longer bear phase could be underway. Even with the recent slide, Standard Chartered’s Digital Assets Research Head, Geoff Kendrick, says the bank is not backing away from its bullish long-term outlook for Ethereum. Ethereum Price Will Catch Up In a note to investors on Thursday, Kendrick reaffirmed Standard Chartered’s core projection for Ethereum’s performance over the next four years, including its end-2030 target of $40,000 for ETH. He linked the current weakness to something investors may eventually look back on as a confusing, even misleading, signal. Rather than treating the price drop as proof that the network is weakening, Kendrick argued that Ethereum’s usage metrics are continuing to improve even as the token’s market value loses ground. Related Reading: Hyperliquid (HYPE) In The Spotlight: Grayscale’s Latest Report Says What Comes Next To illustrate the gap between price action and underlying progress, Kendrick drew a comparison to Amazon during the 2001 dot-com bust. His argument echoes a line often attributed to Jeff Bezos: that while a company’s stock can go the wrong way, “everything inside the company” can still be moving in the right direction. Kendrick specifically said that Ethereum will “catch up” to those improving internal metrics and suggested that investors are effectively watching a delay between operational strength and market pricing. ETH Upside Signals Standard Chartered’s view leans heavily on measurable indicators that Kendrick says support Ethereum’s position in key parts of the crypto economy. One of the bank’s central points is Ethereum’s role in stablecoins. Kendrick noted that 54% of all stablecoins are currently issued on the network. He also said stablecoins make up around one-third of all Ethereum transactions in 2026 year-to-date. Based on that momentum, Standard Chartered projects the stablecoin market cap could increase sixfold from current levels by the end of 2028. Related Reading: Perfect Crypto Week In Texas: 6 Candidates Backed, 0 Misses—What To Track Next A second major pillar of the bullish case is Ethereum’s position in tokenized real-world assets (RWAs). Kendrick said Ethereum hosts around 62% of RWAs and about 68% of active on-chain loans. He projected that the non-stablecoin RWA sector could grow about 50 times to reach $2 trillion by the end of 2028. For Standard Chartered, tokenized RWAs are likely to expand in a way that brings Ethereum a significant share of the activity. Kendrick’s projections suggest Ethereum could still capture roughly half to two-thirds of both tokenized assets and the related category of growth, with Ethereum hosting an estimated 50% to 65% of those segments. Kendrick’s analysis keeps the forecast unchanged: ETH at $4,000 by the end of 2026 and then $40,000 by the end of 2030. In the same reaffirmation, Standard Chartered lays out an extended path through the intervening years, projecting $10,000 by end-2027, $18,000 by end-2028, and ultimately $40,000 by end-2030. At the time of writing, ETH was trading at $1,991, having retraced by 5% in the weekly timeframe. This means that the altcoin is now trading 59% below its all-time high of $4,964, reached last year. Featured image created with OpenArt; chart from TradingView.com
Decentralized lottery protocol Megapot is teaming up with Protocol Guild in what the firms describe as the crypto industry’s first programmable charity lottery.
The firm said it purchased 8,568 ether on May 11 at an average price of $2,334. Since then, ETH broke below $2,000, leaving the firm sitting at a $3 million unrealized loss.
The bank says onchain metrics will pull the price back up, just as Amazon's stock price recovered after 2001. A retail dip-buying frenzy and a record futures short build say the bottom isn't in yet.