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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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Cardano price jumps 8% as whales accumulate and ADA targets $0.20

  • Cardano (ADA) gained 7.8% in 24 hours as buying momentum returned.
  • Van Rossem upgraded Cardano with faster smart contracts.
  • Whale accumulation has put the $0.20 level back in focus.

Cardano has bounced back after a sharp sell-off, with ADA climbing nearly 8% over the past 24 hours to trade around $0.1747.

The recovery comes amid a combination of strong whale accumulation, a major network upgrade, and renewed buying interest, even as lingering security concerns persist in the broader ecosystem.

Notably, the recovery has also brought a key level back into focus.

After gaining 11% over the past seven days and reaching an intraday high of $0.1774, focus is now on whether ADA can build enough momentum to challenge the $0.20 mark in the coming sessions.

Whale accumulation and price recovery strengthen bullish sentiment

Cardano’s recent rebound comes after a period of heavy selling that pushed ADA to a 24-hour low of $0.1615 before buyers stepped in.

The token has since recovered to around $0.1747, reflecting a 7.8% daily gain and signalling that demand has returned after the decline.

ADA price

One of the biggest developments supporting the recovery is increased whale activity.

Large holders have reportedly accumulated substantial amounts of ADA during the recent weakness, a trend that is often viewed as a sign of confidence from long-term investors.

The accumulation has fueled speculation that Cardano could attempt a move toward $0.20, a level that has emerged as an important psychological resistance.

Trading activity has also remained strong. Cardano recorded approximately $435 million in 24-hour trading volume, highlighting continued participation as the token recovered from recent lows.

Van Rossem hard fork marks a major milestone for Cardano

Beyond price action, Cardano has received a fundamental boost through the successful activation of the Van Rossem hard fork, which upgraded the blockchain to Protocol Version 11.

The upgrade introduces several technical improvements designed to enhance the network’s efficiency.

These include lower-cost and faster execution of Plutus smart contracts, updated cost models, additional built-in functions for developers, and stronger node security.

Perhaps more importantly, the upgrade represents a governance milestone for the blockchain.

It is the first Cardano hard fork approved entirely through the network’s on-chain governance system, with participation from Delegated Representatives (DReps), Stake Pool Operators (SPOs) and the Constitutional Committee.

The successful implementation reinforces Cardano’s transition toward community-led governance while providing developers with improved tools for decentralised finance, NFT applications and other blockchain-based services.

Hoskinson shifts focus to long-term network development

As ADA experienced heightened volatility, Charles Hoskinson, the founder of Cardano and chief executive of Input Output Global (IOG), urged investors to focus on the network’s long-term development rather than short-term price swings.

Hoskinson said Cardano should be measured by the strength of its technology and the continued decentralisation of its ecosystem.

He also explained that IOG intends to place greater emphasis on research and innovation while more organisations take responsibility for maintaining Cardano’s core infrastructure.

According to Hoskinson, development of Cardano’s Haskell-based node software is already being shared among multiple companies, reflecting the project’s broader push toward decentralised development.

These comments came as the network continued expanding its governance model following the Van Rossem upgrade, adding another layer to Cardano’s long-term roadmap.

Bridge exploit adds caution despite improving outlook

While Cardano has benefited from positive developments, the ecosystem also faced negative headlines after an exploit involving Wanchain’s Cardano bridge.

The incident resulted in the theft of approximately 515 million NIGHT tokens, valued at around $9 million. However, the exploit affected the bridge infrastructure rather than Cardano’s Layer 1 blockchain itself.

That distinction is important because cross-chain bridges operate independently from the underlying blockchain.

The incident therefore did not indicate a flaw in Cardano’s consensus mechanism or protocol, although it highlighted the security risks that continue to surround interoperability platforms across the cryptocurrency industry.

For investors, the exploit served as a reminder that infrastructure built around a blockchain can still introduce risks even when the core network remains unaffected.

Cardano price prediction

Cardano enters the coming sessions with improving momentum after recovering from its recent lows.

ADA’s move from $0.1615 to around $0.1747, combined with an 11% weekly gain, suggests buying interest has strengthened following the latest market correction.

At the same time, whale accumulation, the successful rollout of the Van Rossem hard fork and continued development under Input Output Global have provided supportive fundamental developments for the network.

Cardano price analysis

The next major level remains $0.1917, with the next higher level at $1.20. A sustained move above that price would represent the next significant technical milestone after ADA’s recent recovery.

Until then, traders are likely to watch whether buying volume remains strong enough to maintain the current rebound while the market continues to digest both the positive network upgrades and the recent bridge-related security incident.

The post Cardano price jumps 8% as whales accumulate and ADA targets $0.20 appeared first on CoinJournal.

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Shiba Inu tops $0.0000042 as exchange outflows and bullish derivatives boost sentiment

Key takeaways

  • Shiba Inu (SHIB) trades above $0.0000042 after breaking above a key descending trendline.
  • Five consecutive days of exchange outflows suggest investors are moving SHIB into private wallets, reducing selling pressure.
  • Derivatives data remains bullish, with positive funding rates and a long-to-short ratio favoring buyers.

Shiba Inu (SHIB) extended its recovery on Tuesday, trading above $0.0000042 after breaking above a long-standing descending trendline. Improving on-chain activity and strengthening derivatives data suggest bullish momentum is building, potentially setting the stage for further upside.

Exchange outflows point to reduced selling pressure

On-chain data from CryptoQuant indicates investors have been steadily moving SHIB off centralized exchanges, a trend often viewed as a positive signal for prices.

The platform’s exchange netflow data recorded five consecutive days of net outflows beginning on July 17, showing that more SHIB tokens are leaving exchanges than being deposited.

This pattern typically suggests investors are transferring tokens into private wallets for longer-term holding rather than preparing to sell, reducing immediate selling pressure in the market.

The continued decline in exchange balances could support SHIB’s ongoing recovery if buying demand remains steady.

Market positioning in the derivatives sector also points to improving confidence among traders.

According to CoinGlass, SHIB’s long-to-short ratio stood at 1.02 on Tuesday, indicating a slight preference for long positions over shorts and reflecting growing optimism that prices could continue moving higher.

Sentiment is further supported by funding rates. SHIB’s perpetual futures funding rate turned positive on July 17 and remained in bullish territory at 0.0103% on Tuesday. 

Positive funding rates indicate that traders holding long positions are paying those with short positions, a sign that bullish bets currently outweigh bearish ones.

The combination of positive funding rates and a favorable long-to-short ratio suggests traders are increasingly positioning for additional gains.

Shiba Inu price outlook: Bulls target higher resistance

From a technical perspective, SHIB has improved its near-term outlook after breaking above a descending trendline that had capped price action since mid-May.

The breakout places the meme coin in a stronger position to extend its recovery if buying momentum continues.

The next major resistance lies around $0.0000045. A decisive close above this level could pave the way for a move toward the 50-day Exponential Moving Average (EMA), which is also positioned near $0.0000045.

Momentum indicators have also turned more constructive. The Relative Strength Index (RSI) has climbed to 54 and is moving towards the 60 level, signaling that bearish momentum is fading. 

SHIB/USD 4H Chart

Meanwhile, the Moving Average Convergence Divergence (MACD) has produced a bullish crossover, with expanding green histogram bars reinforcing the improving technical outlook.

However, if the current recovery loses momentum and sellers regain control, SHIB could retreat toward its yearly low near $0.0000040, where buyers may attempt to defend the broader uptrend.

The post Shiba Inu tops $0.0000042 as exchange outflows and bullish derivatives boost sentiment appeared first on CoinJournal.

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Stellar price outlook: mixed derivatives data signals potential breakout

Key takeaways

  • Stellar (XLM) continues to trade in narrow ranges as investors await the next major price catalyst.
  • Derivatives data presents mixed signals, with bearish long-to-short ratios offset by positive funding rates for XLM.
  • XLM remains below key moving averages, leaving its short-term outlook dependent on whether bulls can reclaim major resistance levels.

Stellar (XLM) is trading within narrow ranges on Tuesday as investors weighed conflicting signals from derivatives markets and on-chain activity. Stellar remains under pressure near an important support area.

The combination of bearish positioning in derivatives markets and improving funding rates suggests traders remain divided on the next major move, increasing the likelihood of heightened volatility in the coming sessions.

Derivatives data paints a mixed picture for XLM

Market positioning remains uncertain across both cryptocurrencies. According to CoinGlass, the long-to-short ratio stood at 0.81 for XLM on Tuesday. 

Ratios below one indicate that short positions continue to outnumber long positions, reflecting a cautious outlook among derivatives traders.

However, funding rates tell a different story. Stellar’s funding rate flipped positive on Monday and reached 0.0068%.

Positive funding rates indicate that traders holding long positions are paying those with short positions, a sign that bullish sentiment is gradually improving despite the dominance of bearish bets.

Data from CryptoQuant indicates selling pressure continues to dominate both the spot and derivatives markets, with large whale orders pointing toward cautious investor sentiment. 

This persistent selling activity could limit the token’s ability to sustain any meaningful upside in the near term.

Key support remains under pressure

Stellar was trading around $0.187, continuing to consolidate near a critical support zone.

The token remains below its 50-day EMA near $0.189, while hovering just above the 100-day EMA around $0.187, indicating that buyers are attempting to defend this level despite the broader bearish trend.

Momentum indicators remain relatively subdued. The RSI is positioned near 53, reflecting weak but stable momentum, while a slightly positive MACD reading points to consolidation rather than a strong directional move.

On the upside, Stellar faces immediate resistance at the 50-day EMA, followed by the 200-day EMA near $0.196 and the 61.8% Fibonacci retracement level around $0.200.

XLM/USD 4H Chart

If selling pressure resumes, initial support lies at the 100-day EMA near $0.187, followed by the horizontal support at $0.177 and the 78.6% Fibonacci retracement around $0.173. A deeper correction could expose the long-term support level near $0.142.

With technical indicators sending mixed signals and derivatives markets reflecting growing indecision, both XRP and Stellar appear to be approaching a pivotal point where a decisive breakout or breakdown could determine their next medium-term trend.

The post Stellar price outlook: mixed derivatives data signals potential breakout appeared first on CoinJournal.

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Avalanche faces key test as $23M token unlock meets surging network activity

  • Daily Avalanche transactions surged from 300K to 6.2 million in a year.
  • A $23.3 million AVAX unlock could shape short-term price action.
  • AVAX must hold $6.32 support to keep bullish momentum alive.

Avalanche enters a critical week with two contrasting forces shaping the outlook for AVAX.

On one hand, activity on the network has climbed sharply over the past year, highlighting growing usage across the ecosystem.

On the other, the market is preparing for a token unlock worth roughly $23.3 million on July 21, an event that could influence short-term price action as traders assess whether additional supply will trigger fresh selling.

At the time of writing, AVAX was trading at $6.58, up 2.1% over the previous 24 hours.

While the latest gains point to some buying interest, the token remains well below its historical peak, raising questions about whether improving network fundamentals can eventually translate into stronger price performance.

Avalanche network activity outpaces price performance

Avalanche has recorded one of its strongest periods of on-chain growth in recent months.

Daily transaction activity expanded dramatically over the past year, rising from roughly 300,000 transactions per day during the second quarter of 2025 to a peak of 6.2 million daily transactions in July 2026.

Daily transactions on Avalanche

Although activity later cooled from that peak, the network was still processing around 2.62 million daily transactions, a level that remains significantly higher than a year ago.

The figures suggest that user activity has continued despite broader weakness across the cryptocurrency market.

The increase in network usage has also been accompanied by continued token burns.

Around 135.65 AVAX was recently removed from circulation through Avalanche’s fee-burning mechanism, showing that on-chain activity has remained active even during periods of price consolidation.

Liquidity across the ecosystem has also improved.

Stablecoin balances on Avalanche have expanded significantly over recent months, at one stage exceeding $2 billion, reflecting greater capital flowing through decentralised applications and blockchain services built on the network.

Despite those developments, AVAX has struggled to establish a sustained recovery.

The divergence between stronger blockchain activity and subdued price performance has become one of the key themes surrounding Avalanche in recent months.

FIFA partnership adds another long-term adoption milestone

Avalanche has also strengthened its position through one of the largest sporting organizations in the world.

FIFA selected Avalanche as the blockchain infrastructure supporting its dedicated Layer-1 network for FIFA Collect, bringing blockchain technology to a platform connected with millions of football fans worldwide.

The timing was particularly notable seeing FIFA World Cup is one of the world’s biggest sporting events.

The just-concluded 2026 FIFA World Cup tournament increased visibility for blockchain-powered digital collectibles and fan engagement initiatives.

Rising ticket prices linked to dynamic pricing models and travel restrictions affecting some international supporters attracted widespread attention.

Token unlock puts short-term price levels in focus

The immediate event drawing traders’ attention is the scheduled July 21 token unlock, which will release approximately $23.3 million worth of AVAX into the market.

Although the unlock represents only around 0.7% of the existing token supply available for trading, such events often receive close attention because they can increase short-term selling pressure if recipients decide to realise profits.

From a technical perspective, AVAX is approaching an important resistance level at $6.62, which aligns with the 38.2% Fibonacci retracement.

Avalanche price analysis

A decisive move above that level could shift attention toward the next upside target around $6.80.

On the downside, $6.32 remains the key support level. The price has managed to hold above that area so far, but a break below it would increase the possibility of a move back toward the recent swing low near $5.85.

Trading volume around the token unlock is likely to become one of the main indicators traders monitor as the additional tokens enter circulation.

The post Avalanche faces key test as $23M token unlock meets surging network activity appeared first on CoinJournal.