Kategorie: Ethereum News

Ethereum news about the ETH blockchain and its crypto ecosystem.

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Ethereum price forecast: ETH eyes $2,000 breakout as ETF inflows boost momentum

  • Ethereum (ETH) has gained 8.8% in a week as momentum strengthened.
  • BlackRock’s ETHA helped drive fresh spot ETF inflows.
  • $2,000 remains Ethereum’s next major resistance level.

Ethereum has extended its latest recovery, climbing above the $1,900 level and putting the $2,000 mark back into focus.

The recovery comes after several weeks of improving price action, renewed institutional interest, and technical signals that suggest bulls have regained control in the short term.

At press time, ETH was trading at $1,942.56, up 4.2% over the last 24 hours.

The cryptocurrency is up 8.8% over the past seven days, 9.7% over the last two weeks, and 12.3% during the past month, highlighting a steady recovery after months of weaker performance.

Technical momentum builds as ETH approaches key resistance

Ethereum’s latest rally has brought it close to an important technical zone.

The cryptocurrency briefly traded just below $1,947, leaving it only a few dollars away from testing the upper end of its 24-hour range.

Several technical indicators have turned more constructive during the recent advance.

ETH has moved above both its 20-day and 50-day exponential moving averages (EMAs), a development that often reflects improving short-term momentum.

At the same time, the Relative Strength Index (RSI) has climbed close to 70, indicating strong buying activity while also suggesting traders may watch for increased volatility if the rally accelerates.

According to crypto analyst Javon Marks, Ethereum has also broken above a long-standing descending trendline.

Marks believes the breakout could represent the early stages of a broader recovery if buyers manage to defend recently reclaimed support levels.

The first major resistance zone now sits between $1,950 and $2,150.

A sustained move through that area would strengthen the bullish structure and shift attention toward higher technical targets.

Beyond that zone, analysts are monitoring additional resistance levels around $2,501, $2,970, and $3,349.

Those levels would need to be cleared before Ethereum could challenge stronger resistance near $3,728, $4,108, and eventually its previous all-time high of $4,946.05, which was recorded in August 2025.

ETF inflows and institutional accumulation support the recovery

The latest price gains have coincided with renewed institutional demand for Ethereum.

Spot Ethereum exchange-traded funds (ETFs) in the United States have returned to positive net inflows after an extended period of outflows.

Ethereum ETFs

Among the largest contributors has been BlackRock’s ETHA fund, reinforcing signs that institutional investors are once again allocating capital to Ethereum.

Corporate treasury activity has also remained in focus.

BitMine added another 7,430 ETH during its latest reporting period.

Although that represented its smallest weekly purchase since adopting its Ethereum treasury strategy, the slowdown has been linked to the company nearing its stated objective of controlling approximately 5% of Ethereum’s circulating supply rather than a change in its investment strategy.

BitMine now holds roughly 5.777 million ETH, representing close to 4.8% of the existing supply. Around 85% of those holdings are staked, generating an estimated $247 million in annual staking rewards.

The company has also shifted part of its capital allocation toward a $4 billion share buyback programme, while maintaining its long-term Ethereum position.

Ethereum price outlook

From a technical perspective, $2,000 remains the most significant psychological barrier in the near term.

Analysts expect that level could require several attempts before a decisive breakout occurs.

On the downside, traders are watching the $1,900 area as the first layer of support, with $1,879 and the recent intraday low near $1,854 serving as additional levels that could determine whether the current uptrend remains intact.

The broader long-term outlook also continues to attract attention.

Marks has previously identified potential upside objectives of $5,000, $8,500, and $12,000 if Ethereum maintains its long-term market structure and successfully clears successive resistance levels.

Another long-term technical projection places a possible target near $6,941, although reaching that level would require ETH to overcome multiple resistance zones over time.

But for now, Ethereum’s immediate focus remains much closer.

After reclaiming the $1,900 level and trading near $1,942, the next test for buyers is whether the cryptocurrency can establish a sustained move above $2,000, supported by improving technical momentum, renewed ETF demand, and continued institutional participation.

The post Ethereum price forecast: ETH eyes $2,000 breakout as ETF inflows boost momentum appeared first on CoinJournal.

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ADA bulls eye $0.20 as Cardano founder says Ethereum is adopting its eUTXO concept

  • Cardano (ADA) remains above 10% higher despite a 24-hour pullback.
  • Hoskinson says Ethereum is adopting eUTXO-inspired ideas.
  • Focus is on the $0.20 resistance level.

Cardano is drawing renewed attention after a week of strong gains, even as the token pulled back to around $0.17.

The latest price movement comes alongside fresh debate over blockchain architecture after Cardano founder Charles Hoskinson claimed that Ethereum is beginning to adopt ideas that Cardano has championed for years through its Extended Unspent Transaction Output (eUTXO) model.

At the time of writing, ADA was trading at $0.1674, down 6.6% over the past 24 hours.

Despite the daily decline, the cryptocurrency remained 10.2% higher over the previous seven days and 12.8% higher over the last two weeks, showing that bulls have retained much of the momentum built during the recent rally.

The recent retreat has placed the spotlight on whether the token can defend the $0.17 area before attempting another move toward the next major resistance level at $0.20.

Hoskinson reignites the Cardano-Ethereum debate

The latest discussion began after Ethereum researcher Toni Wahrstätter introduced EIP-8141, also known as Frame Transactions, as part of Ethereum’s broader efforts to improve scalability and reduce long-term state growth.

The proposal explores introducing UTXO-inspired transaction mechanics for simple transfers.

According to the proposal, this approach could reduce Ethereum’s permanent state footprint for payment-related transactions by approximately 99.8%, while remaining compatible with the network’s broader roadmap.

Hoskinson responded by arguing that Cardano has already implemented similar concepts through its eUTXO accounting model.

He suggested that Ethereum is now recognising the benefits of an architecture that Cardano adopted years ago.

The Cardano founder also made headlines with his remark that “it’s literally a crime in the Ethereum inner circles to mention Cardano,” suggesting that Ethereum developers have been reluctant to acknowledge Cardano’s earlier work despite exploring comparable ideas.

ADA price holds key support as traders watch $0.20

From a technical perspective, ADA’s recent pullback has not erased the gains recorded over the past week.

Instead, focus is now on whether the cryptocurrency can continue holding support around $0.144.

The current price sits close to the lower end of the latest 24-hour trading range after the 6.6% daily decline.

However, the weekly performance remains positive, with ADA still posting a double-digit gain over the previous seven days.

The next major level attracting attention is $0.193, and a move above that level would place the focus on $0.23, another resistance area that traders have identified following the recent recovery.

Cardano price chart

Cardano continues preparing for its next network milestone

The latest market discussion also comes as the Cardano network continues infrastructure improvements ahead of its next major protocol upgrade.

Developers recently released Cardano Node 9.0.1, a recommended update for mainnet validators designed to address issues related to the network’s bootstrap process and script execution.

Rather than introducing new user-facing features, the release focuses on improving stability before the ecosystem moves toward its next hard fork.

The post ADA bulls eye $0.20 as Cardano founder says Ethereum is adopting its eUTXO concept appeared first on CoinJournal.

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Ethereum price forecast as BitMine buys 126,971 ETH: has ETH bottomed?

  • BitMine tripled its weekly ETH buy to 126,971 tokens, now holding 4.59% of supply.
  • Only 11% of ETH supply is in threefold profit, the lowest reading since Feb 2017.
  • A weekly close below $1,500 could push ETH toward the $1,000 support zone.

The Ethereum price dropped to a low of $1,522 last week before bouncing back within the $1,670–$1,712 range at the beginning of this week.

While the recovery is modest, the ETH price is still down 15.3% over the past seven days and 28.1% over the past 30 days. From its all-time high of $4,946 set in August 2025, the token has now shed roughly 66% of its value.

Yet while most retail traders were heading for the exit, BitMine Immersion made a huge purchase.

BitMine makes its biggest ETH buy of 2026

According to the circulated press release, BitMine (NYSE: BMNR) acquired 126,971 ETH last week, tripling its previous week’s purchase of 26,497 ETH.

That brings the company’s total holdings to 5,543,872 ETH, approximately 4.59% of Ethereum’s total supply.

BitMine has stated it intends to reach 5% ownership before the end of 2026, meaning it sits at 92% of that target today.

Currently, the company values its ETH position at roughly $9.04 billion.

Of that, 4,718,677 ETH, worth about $7.7 billion, is actively staked through BitMine’s MAVAN institutional staking platform at a current 7-day yield of 2.99%, generating a projected $230 million in annualized staking revenue.

Chairman Tom Lee has said that at full scale, staking rewards could reach $270 million annually.

Lee’s reasoning for the buy is straightforward. He said the price decline “does not reflect the strengthening of Ethereum’s fundamentals,” adding that the current environment represents the early stages of what he calls a “crypto spring.”

Lee also made a case for Ethereum’s longer-term relevance in the age of AI, arguing that as AI systems become more capable, demand for hardened, decentralized infrastructure will grow, and that Ethereum is positioned to benefit.

What the Ethereum price charts and on-chain data are saying

Despite the institutional buying, the technical picture for the Ethereum price remains bearish.

On the daily chart, ETH is trading well below its 20, 50, and 100-day exponential moving averages (EMAs), which are clustered between $1,874 and $2,178.

The 14-day RSI sits around 27, and the Stochastic oscillator is at 26, both in oversold territory, though neither has confirmed a reversal.

ETH price chart with RSI and EMAs

The MACD reads -143.07, sitting below its signal line of -118.76, while the Aroon Oscillator is at -78.57, indicating sellers still have the upper hand.

Ethereum price chart

The on-chain data reinforces just how stressed this market is.

Only about 11% of Ethereum’s supply currently sits at a threefold profit margin, the lowest reading since February 2017.

Crypto analyst Ali Charts flagged this exact condition, posting on X that ETH trading below the 0.8 MVRV pricing band is a “high-probability long-term accumulation zone.”

He also identified a TD Sequential buy signal, which can suggest seller exhaustion, though it does not by itself confirm a trend reversal.

Analyst Ash Crypto drew a parallel between the current price action and Ethereum’s June 2022 breakdown, when the Ethereum price collapsed to $880 before bottoming out and recovering.

He noted the current decline represents approximately 68% from the August 2025 peak near $4,953.

Ash’s view is that if the ETH price holds the $1,500 level on a weekly closing basis, a similar recovery pattern could follow.

However, he cautioned that a weekly candle closing below $1,500 could expose the next major support zone around $1,000.

On the ETF side, the picture is mixed. The US spot Ethereum ETFs saw $540 million in net outflows throughout May, followed by an additional $168 million in early June.

That said, June 8 marked a reversal, with $82.37 million in daily net inflows recorded, bringing total cumulative inflows to $11.28 billion with aggregate net assets standing at $9.36 billion.

Ethereum has also recorded roughly $66.3 million in liquidations over the past 24 hours, with $33.8 million on the long side, reflecting ongoing volatility and the risk that any short-term bounce remains fragile.

Ultimately, the seven-day trading range of $1,522–$1,980 captures just how wide the swings have been and whether the $1,500 zone holds, and whether BitMine’s conviction buy marks a turning point remains to be seen.

The post Ethereum price forecast as BitMine buys 126,971 ETH: has ETH bottomed? appeared first on CoinJournal.

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Arbitrum freezes 30K ETH in KelpDAO hack as attacker routes funds to Bitcoin

  • Arbitrum froze 30,766 ETH before it could be bridged out.
  • Attacker moved 75,701 ETH and began routing funds to Bitcoin.
  • Over $176 million is being laundered through multiple parallel flows.

Arbitrum has frozen a significant portion of funds linked to the KelpDAO exploit, even as the attacker moves to push the remaining assets beyond reach.

The Arbitrum Security Council confirmed it froze 30,766 ETH, valued at over $70 million at the time of action.

The funds were tied to an address associated with the KelpDAO attacker and were secured before they could be bridged out of the network.

The intervention came after coordination with law enforcement, suggesting authorities may already have leads on the exploiter’s identity.

A race against time

Blockchain investigators, including PeckShield, had flagged that the attacker was already attempting to move the funds off Arbitrum using a native bridge.

Had that transfer been completed, the ETH would likely have joined a much larger pool of stolen assets already in circulation across other chains.

By intervening when it did, Arbitrum prevented roughly 29% of the stolen funds from entering the laundering pipeline. However, the remaining assets were not as fortunate.

The KelpDAO exploit itself is estimated at around $290 million, making it one of the largest decentralized finance breaches of 2026.

The attacker moved quickly after the initial exploit, splitting funds across multiple wallets and chains in an effort to reduce traceability.

Laundering shifts to Bitcoin

Following the freeze, the attacker accelerated efforts to move the remaining funds.

Data shows that approximately 75,701 ETH, worth about $175 million, was transferred to Ethereum mainnet.

From there, the funds began moving into Bitcoin through decentralized protocols like THORChain, Chainflip, and Umbra Cash, which allow direct cross-chain swaps without relying on centralized exchanges.

PeckShield analysts observed that the attacker left only about 0.7 ETH in some wallets, just enough to cover transaction fees, while draining the rest into new routes.

This pattern reflects a high level of operational discipline and planning.

Another $176 million portion of the stolen funds has also been actively moved in parallel transactions.

Rather than laundering everything in a single flow, the attacker appears to be running multiple streams at once.

This staggered approach reduces the risk of a single point of failure and makes recovery efforts more difficult.

Is the infamous North Korea’s Lazarus Group linked to the KelpDAO exploit?

The scale and coordination of the operation have led investigators to link the exploit to North Korea’s Lazarus Group, specifically a subgroup known as TraderTraitor.

This attribution is based on transaction patterns and laundering techniques that match previous operations tied to the group.

Lazarus has a long history of targeting crypto platforms and using complex cross-chain strategies to obscure stolen funds.

The use of decentralized bridges and rapid asset conversion seen in the KelpDAO case fits that pattern closely.

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Ethereum price outlook: ETH faces 6% downside risk if $2,312 breaks

  • Ethereum price falls to $2,325 on profit-taking after rising to $2,416.
  • The repeated rejection at $2,360–$2,400 resistance weakens the overall momentum.
  • Breaking below the key support at $2,312 could send ETH toward $2,173.

After a rally that pushed Ethereum close to $2,416, things quickly changed, and now ETH sits around $2,325.

This sharp drop near $2,400 tells us a lot about where Ethereum’s headed next, at least for now.

Pushback at $2,416 resistance

Ethereum (ETH) initially surged about 10% in a sharp move that triggered liquidations and brought renewed attention to the token.

After reaching around $2,416, momentum slowed, and the price began to pull back.

In recent weeks, the $2,360–$2,400 range has consistently acted as a supply zone, with selling pressure emerging each time ETH approaches this level.

Broader market conditions have also softened. Data from CoinMarketCap shows that the total crypto market capitalisation has declined by about 1.12%, alongside a drop in trading volumes.

This suggests that traders who entered during the recent rally are taking profits, adding to near-term downward pressure on ETH.

Capital rotation adds pressure

Another factor weighing on Ethereum (ETH) is the ongoing shift in market positioning.

Bitcoin dominance has been trending higher, indicating that capital is rotating into Bitcoin rather than altcoins.

This typically reflects a more defensive stance among investors.

As the largest altcoin, Ethereum is often among the first to face pressure during such rotations.

Even with relatively stable fundamentals, reduced capital inflows can limit its ability to sustain upward price momentum.

This trend is also visible in the ETH/BTC ratio, which has struggled to stabilise.

A recovery in this ratio would be needed to signal renewed confidence in altcoins. Until then, Ethereum may continue to underperform Bitcoin in the near term.

$2,312 now a key battleground

Right now, $2,312 stands out as a key support level. It’s not just psychological; it’s close to the 14-day moving average and already served as the floor during the recent dip.

Ethereum price analysis

If the ETH price holds steady above $2,312, the door stays open for another run at $2,400.

But if $2,312 gives way, things will start to look different, and bears will pick up momentum as bulls pull back.

In that case, $2,173 will be the next spot to watch.

Dropping from $2,312 to $2,173 will be a 6% slide, which is pretty standard after a strong rally; it is not something wild or out of the ordinary. It’s a realistic scenario if support breaks.

If buyers can push the price above $2,416 and keep it there, that recent rejection fades away, and a rally starts to look more real.

The short-term picture looks a bit bearish, although we’re not seeing panic selling yet; just uncertainty.

Everything boils down to the $2,312 support level. If buyers hold it, there’s a chance for another run at resistance. If not, a 6% drop is on the table.

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