Kategorie: Ethereum News

• Ethereum ETF holdings hit an ATH as institutional inflows surge.
• SPX6900 cools after 230% rally, holds key $1.30 support level.
• XRP remains bullish despite the US SEC case delay to August 15.

Ethereum, XRP, and SPX6900 are moving in different but equally significant directions this week, revealing major developments across the crypto market.

The market is showing signs of rotation, and investor attention is quickly shifting among top altcoins as new narratives unfold.

While institutional accumulation pushes Ethereum ETFs to an all-time high in on-chain holdings, SPX6900 takes a breather after a parabolic rally, and XRP sustains a bullish tone despite ongoing legal hurdles.

Ethereum ETFs reach record on-chain holdings

Institutional interest in Ethereum has sharply intensified, propelling ETF-related on-chain ETH holdings to their highest levels in history.

Recent CryptoQuant data shows that Ethereum ETFs now retain close to 4 million ETH, with BlackRock leading a wave of accumulation that has accelerated throughout June.

Notably, the ETFs have seen strong accumulation momentum even as the price of Ethereum (ETH) remains largely flat around the $2,500 mark.

The spike in inflows, particularly from BlackRock and Grayscale, as depicted by Coinglass data, confirms that large funds are positioning early for a potential ETH rally.

This surge in institutional buying comes amid growing optimism in Ethereum’s broader ecosystem, supported by increased activity in DeFi and rising stablecoin volumes.

The aggressive accumulation further aligns with diminishing exchange reserves and rising staking levels, suggesting that the market is preparing for reduced ETH liquidity and possible upward price pressure.

Notably, the inflows into Ethereum ETFs have surpassed Bitcoin ETFs over recent weeks, marking a significant shift in investor sentiment.

As inflows continue to dominate daily activity, Ethereum may be setting the tone for the next wave of altcoin momentum.

SPX6900 cools down after explosive move

Meanwhile, SPX6900 has cooled off after an extraordinary 230% rally that played out between May and mid-June.

The altcoin’s parabolic move took it from $0.50 to nearly retest its all-time high of $1.77 before losing steam around $1.70.

The rally, which was initially triggered by a golden cross on May 6, followed a textbook parabolic structure with four accelerating legs and shallow pullbacks.

However, a sharp decline in open interest and spot outflows of over $6.4 million on June 14 indicated a decisive shift in sentiment.

Although the correction has been intense, technical indicators suggest that SPX6900 is entering a healthy consolidation phase rather than a full breakdown.

The RSI has cooled from an overheated 75 to around 40, and the MACD has flipped bearish, signalling that momentum is resetting.

Currently trading around $1.39, SPX6900 is holding key support at $1.30. A rebound from this level could see the token test $1.50 again, with a potential retarget of $1.71 if volume returns and sentiment stabilises.

XRP remains resilient despite legal delays

While Ethereum and SPX6900 shift gears, XRP continues to attract bullish interest even as its legal battle with the SEC drags on.

Notably, a joint request from Ripple and the SEC to pause appeals until August 15 has not dampened optimism in the market.

#XRPCommunity #SECGov v. #Ripple #XRP In light of the pending motion for an indicative ruling, the parties have requested that the Second Circuit continue to hold the appeals in abeyance, with the @SECGov to file a status report by August 15, 2025.https://t.co/7oQvL5Rx7U

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) June 17, 2025

The requested pause is tied to a pending ruling in the Southern District of New York regarding a $125 million escrow and the SEC’s demand for a $50 million penalty.

Although the case remains unresolved, XRP derivatives show that traders are staying confident.

Open Interest in XRP has climbed above $4 billion, and the positive funding rate suggests that leveraged long positions remain in play.

Even though long liquidations have slightly outpaced shorts in the last 24 hours, the market bias remains bullish.

From a technical standpoint, XRP recently bounced off the 200-day EMA and is now attempting to reclaim higher levels around the 50-day and 100-day EMAs near $2.24.

If the price manages to close above those barriers, it could test resistance near $2.33, a level aligned with a trendline connecting the year’s previous peaks.

Despite the indecisive RSI near 49, MACD indicators are leaning bullish, offering signs of a potential upside continuation if momentum follows through.

The post Crypto wrap: Ethereum ETFs hit ATH, SPX6900 cools off, XRP outlook remains bullish appeared first on CoinJournal.

• ETH holdings among the 1,000–10,000 wallet cohort now exceed 16 million.
• ETH-focused funds saw $583 million in inflows last week alone.
• Price remains in the $2,150–$3,600 range despite a 90% rally over two months.

Ethereum has seen a dramatic surge in accumulation activity among its largest holders, with wallets holding between 1,000 and 10,000 ETH adding over 818,410 ETH—worth roughly $2.5 billion— on Sunday.

This marks the sharpest one-day increase in holdings for this wallet cohort since 2018, according to on-chain data.

The same addresses, typically linked to early adopters, crypto funds, and so-called “whales”, now control more than 16 million ETH, up from around 11.9 million ETH a year earlier.

The spike in whale accumulation appears to be reinforced by heightened institutional demand.

According to CoinShares’ weekly report published on Friday, Ethereum-focused investment funds attracted inflows totalling $583 million in the week ending  June 13, raising the net total for the year to $2.28 billion.

This reflects a growing appetite for Ether among traditional asset managers and crypto-native firms alike.

Price consolidates as ETH mirrors 2017 trend

Ethereum is currently trading at $2,643, and despite rising more than 90% in the last two months, it remains within a long-term consolidation range defined by $2,150 and $3,600.

The price structure has drawn comparisons to its historical pattern between 2016 and 2017, when Ethereum moved sideways after the DAO exploit and subsequent Ethereum Classic fork.

Back then, the coin’s price eventually broke out of a $10–$20 range, climbing to over $1,500 in less than a year during the ICO boom.

Market analyst Milkybull Crypto noted that today’s conditions share a similar technical setup.

The current phase of sideways price action is occurring above Ethereum’s 50-week and 200-week exponential moving averages (EMA), both of which are widely viewed as key trend indicators by traders.

These support levels are holding firm despite macroeconomic headwinds and short-term volatility in broader crypto markets.

Ether’s $4,000 short-term target and $10,000 long-term outlook

Analysts say Ethereum is “coiling” beneath resistance levels and primed for a potential breakout.

The upper limit of the current channel—around $4,000—is seen as the first major price target, with several market watchers highlighting this level as a critical inflection point.

If broken, it could initiate a larger upside move, similar to previous breakout cycles.

According to Milkybull Crypto’s projections shared in May, a longer-term target of $10,000 for ETH “cannot be ruled out.”

This would represent a more than 275% increase from current levels.

While such targets are speculative, the comparison to Ethereum’s 2017 performance has gained traction among technical analysts tracking historical cycles.

In that cycle, Ethereum’s price was driven largely by ICO mania and a surge in developer activity.

This time, the drivers are different: ETH ETFs are gaining traction, staking yields continue to attract capital, and tokenisation projects are expanding use cases for the network.

Despite these differences, analysts argue that the underlying pattern of breakout consolidation remains comparable.

The post Ethereum whales buy $2.5 billion in ETH as price targets $4,000 breakout appeared first on CoinJournal.

• Ethereum price jumped above $2,800.
• ETH is seeing gains amid altcoin season chatter and as regulatory clarity inches closer.
• With market sentiment positive, ETH bulls could likely reclaim $3,000 as they eye a breakout.

Ethereum (ETH) price has again moved above $2,800 after gaining more than 4% in the past 24 hours.

The top altcoin reached an intraday high of $2,832 across major cryptocurrency exchanges, with these gains coming amid a robust spike for altcoins.

Market sentiment was also positive after Securities and Exchange Commission chair Paul Atkins commented on crypto and decentralised finance.

While Ethereum price hovered around $2,769 at the time of writing, it remained 3% up in 24 hours and with daily volume at $32.5 billion.

The metric showed a 28% increase in the last 24 hours.

Ethereum price rides fresh sentiment to above $2,800

The price of Ethereum, the leading altcoin by market cap, has jumped from a low of $2,399 on June 6, 2025, to hit highs above $2,832.

This move saw ETH rise to its highest level since February, with this coming as Bitcoin retested the $110,000 level.

Macroeconomic tailwinds and the US-China trade war truce have contributed to this upside action for ETH.

Also likely playing a bullish catalyst is the statement SEC Chair Paul Atkins issued on DeFi and crypto.

With Ethereum, the top decentralized finance ecosystem, Atkin’s remarks during the agency’s Crypto Task Force roundtable have bulls in an upbeat mood.

As analysts have pointed out, regulatory clarity is a key factor in the market, and the SEC’s ongoing quest to ensure this has garnered a lot of praise across crypto.

Ethereum price prediction

According to QCP analysis, Ethereum is likely to spike in the coming weeks and months amid various tailwinds.

In a post on X, the analysts say Ethereum has quietly seen market sentiment around it flip positive in recent months.

“ETH is quietly reclaiming market narrative. Implied volatility jumped, options skew flipped bullish, and perpetual funding rates remain elevated,” they noted on X.

One of the pointers to increased attention on ETH is the spot exchange-traded funds inflows.

Last week, Ethereum spot ETF inflows hit $281 million.

“Macro tailwinds are building for $ETH. The GENIUS Act is progressing in the US Senate, Circle’s IPO is back in focus, and stablecoins are gaining regulatory clarity. Ethereum’s role as the infrastructure layer for real-world assets is gaining serious traction,” QCP added.

Ethereum’s gains see bulls hover in a key price range.

According to Glassnode analysts, ETH is near the cost basis range of $2,700 and $2,760.

If price holds above this range, bulls may target $3,400.

Above spot, cost basis bands are more evenly spread: between $2.76K and $3.42K, each ~$50 band holds 200K–400K $ETH. No dominant resistance until $3,417, where 607.95K $ETH are held. pic.twitter.com/lKEWY4628S

— glassnode (@glassnode) June 11, 2025

However, if ETH bears break below $2.7k, they may fancy a revisit of $2,400.

Recent lows of $1,800 are likely if negative sentiment kicks in to spook buyers.

The post Ethereum price prediction as ETH reclaims $2,800 level appeared first on CoinJournal.