Avalanche’s token is showing signs of strength in the short-term.
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
The token broke through the psychological $5 resistance level on significant trading volume.
A 6.54% rally lifted ether above $2,700 on heavy volume as traders and executives forecast further upside toward $4,000.
Profit-taking is occurring, but the token has managed to keep most gains.
Avalanche’s token shows remarkable strength amid market volatility, with a strong volume-backed breakout.
The token closed above the $4.10 resistance level, suggesting further upside.
As Bitcoin (BTC) came close to slumping below the psychologically important $100,000 mark last week, the short-term holders (STH) cohort started to show signs of weakening conviction in the leading cryptocurrency, raising fears of a deeper price correction. Bitcoin STH Fear Resurfaces According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin STH’s net position has turned sharply negative over the past month. This has happened despite BTC holding above the $100,000 level. For the uninitiated, Bitcoin STH are investors who have held their BTC for less than 155 days. They are generally more reactive to price volatility and market sentiment, often selling during corrections or uncertainty. Specifically, a cumulative net position change of -833,000 BTC has been recorded among short-term holders during the ongoing pullback. By comparison, the April crash saw a net position change of around -977,000 BTC. Related Reading: Bitcoin Signals Strength As Long-Term Holder Realized Cap Surges Past $20 Billion – Details Darkfost noted that current STH behavior closely resembles the activity observed during BTC’s brief drop below $80,000 in April 2025, when the digital asset bottomed out at $74,508. The analyst wrote: Since then, STH appear to have become much more sensitive to market movements, and the recent dip around the $100,000 mark was enough to trigger renewed fear among this group of investors. BTC Showing Signs of Reversal Although BTC lost momentum after reaching its latest all-time high (ATH) of $111,814, the leading cryptocurrency regained strength over the weekend – indicating a possible reversal may be underway. Related Reading: Bitcoin Derivatives Reset: Neutral Funding And Whale Withdrawals Hint At Bullish Shift For example, seasoned crypto analyst Ali Martinez noted that BTC has broken through the key resistance level at $106,600. In a recent X post, Martinez predicted that Bitcoin could rally to $108,300 or even $110,000 if current momentum continues. In a separate X post, fellow crypto analyst Rekt Capital shared the following Bitcoin daily chart, noting that the cryptocurrency not only broke out of its two-week downtrend – highlighted in light blue – but may now be turning that former resistance into a new support level. Meanwhile, several technical indicators also point to continued bullish momentum. Notably, Bitcoin’s Hash Ribbons have recently flashed a prime buying signal. Additionally, on-chain data suggests that BTC could experience a sharp upward move in the short term, potentially driven by a negative funding rate on Binance. A prolonged period of negative funding rates often sets the stage for a short squeeze. Despite the bullish outlook, some red flags remain. Recent data shows that long-term holders are gradually exiting the market, while an influx of retail investors could add volatility to the current rally. At press time, BTC trades at $107,627, up 1.9% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
Support at $4.84 held through subsequent retests suggesting potential continuation of the uptrend.
Oracle network Chainlink's native token shows resilience with strong demand stepping in at key support levels.
Avalanche’s token fell sharply following recent gains, with key technical levels emerging.
The Telegram token found critical support on the short-term at the $3.20 level.
Ethereum climbs above $2,530 after weekly inflows hit $295 million, the highest among all assets tracked by CoinShares as of June 7.
SOL rebounded from earlier losses as traders watch US-China negotiations in London, where officials aim to resolve tariff tensions and export restrictions.
The daily burn rate of SHIB dropped by 63%, posing a challenge to its deflationary goals, according to CoinDesk's AI insights.
Bitcoin gains 0.78% despite a tense political backdrop in the U.S., with markets shrugging off fears of further unrest and a potential military mobilization.
Bitcoin remains above $105K as Trump threatens Elon Musk in a high-profile feud, showing crypto's resilience amid political drama and rising market tension.
ETH bounces from $2,460 as buying momentum returns, helped by strong ETF inflows and renewed interest from institutional investors.
Solana (SOL) climbs back from steep losses as renewed demand lifts price above $151, even as global market tensions continue to stir investor caution.
A "higher low" pattern has formed after a brief pullback, confirming potential bullish momentum.
Buyers show strong accumulation patterns at key support levels despite broader market uncertainty.
Buyers step in during the price correction, driving a rapid upswing with a significant volume spike.
Cardano’s ADA is among tokens that saw wild price swings amid Elon Musk and President Trump's clash over the U.S. economy.
SHIB outperforms BTC amid reports of a massive whale transaction.
BTC's bearish H&S breakdown from Thursday is still valid.
Despite heavy selling and an 8% drop, Solana held key support as buyers stepped in at $142, stabilizing price near $147.
Solana (SOL) breached key support after large inflows to exchanges triggered high-volume selling despite continued strength in network usage.
Momentum indicators point to continued weakness with further downside potential toward the $2.48-$2.45 range.
UNI tumbles after strong intraday rally fades, with sellers regaining control and critical support levels now under pressure.
The token underperformed the CoinDesk 20.