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Ethereum News
Coindoo
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Ethereum ETFs Surge: BlackRock’s ETHA Leads Massive Inflows
- BlackRock's iShares Ethereum Trust (ETHA) has seen significant inflows, holding 1,526,751 ETH with a +13,620 ETH in 1-day net inflow and +90,662 ETH in the past seven days.
- Fidelity's Ethereum Fund (FETH) had a +4,994 ETH inflow in one day but a -5,244 ETH outflow over the past seven days, while Grayscale's Ethereum Trust (ETHE) faced outflows but the Ethereum Mini Trust (ETH) attracted capital.
- Other Ethereum ETFs like Invesco Galaxy, Franklin, Bitwise, VanEck, and 21Shares Core ETFs are also showing varying activity in terms of inflows and outflows.
- Overall, there is a growing interest in Ethereum ETFs, with BlackRock's ETHA leading the way in attracting new investments and total assets under management.
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Zycrypto
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Ethereum Chart Pattern Supports Imminent Moonshot Rally To New Highs — Seasoned Trader Peter Brandt
- Ethereum's native token, Ether, has been trading between $2,300 and $2,800 for the past month, but veteran trader Peter Brandt suggests this sideways trend may be ending.
- Peter Brandt points out a chart pattern indicating a potential parabolic rally for Ethereum after transitioning from a descending channel to a symmetrical triangle structure.
- Ether has shown a significant price increase, currently at $2,773, and Brandt believes it may be gearing up for a major rally based on the chart pattern.
- Global Ether-based investment vehicles have seen strong inflows, with over $295 million added last week, indicating growing investor confidence and optimism in Ethereum's market potential.
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Cryptoticker
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Ethereum Shatters Key Resistance: $3,000 Imminent After Bullish Breakout?
- Ethereum price has broken its 200-day moving average, triggering algorithmic buy waves and indicating a potential 15% surge towards $3,000.
- Institutional accumulation patterns are accelerating beneath the price surge, with the hourly chart showing ETH consolidating in a bull flag at $2,694 and daily Heikin-Ashi candles confirming strong momentum shift.
- The surge past the 200-day SMA at $2,664 signals bullish momentum, with moving averages aligning bullishly and Fibonacci projections putting $2,950 within reach.
- Key levels to monitor include breaking $2,700 triggering buy orders towards $2,750, while the $2,664 support and EMA cluster at $2,570-$2,603 are crucial for the bullish trend.
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Coinpedia
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Image Credit: Coinpedia
Why Is the Ethereum Price Up Today?
- Ethereum price saw a 10% uptick, going above $2,750, the highest since May 29.
- The surge is linked to increased ETF inflows and rising institutional interest.
- A cup and handle pattern suggests a potential target of $3,078 in June.
- Institutional buying by firms like BlackRock could lead to further gains in Ethereum price.
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TheNewsCrypto
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SocGen Launches USD-Pegged Stablecoin on Ethereum and Solana
- Société Générale launched a USD-pegged stablecoin, USDCV, on Ethereum and Solana, following its EUR-backed EURCV.
- USDCV is MiCA-compliant and backed by assets custodied by BNY Mellon, enhancing institutional trust.
- Stablecoins are becoming central to banking innovation, with global circulation projected to reach $2.8 trillion by 2028.
- French banking powerhouse Société Générale launches USDCV stablecoin, supported by BNY Mellon, fostering institutional crypto adoption in Europe.
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Coin Telegraph
4w
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Image Credit: Coin Telegraph
Why is Ethereum (ETH) price up today?
- Ethereum's price surged over 7% on June 10, trading above $2,680 with a 114% increase in daily trading volume.
- Factors driving ETH price up include record open interest, rising funding rates, and consistent ETF inflows indicating renewed institutional interest.
- Ether futures open interest reached an all-time high, suggesting a potential rally towards $3,000, with positive funding rates signaling a bullish bias among ETH futures traders.
- Technical analysis shows a cup-and-handle pattern forming on ETH/USD daily chart since February, targeting $4,100 if it breaks above the $3,000 resistance level.
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Cryptopotato
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Image Credit: Cryptopotato
Important Ethereum Warning: Here’s Why ETH Might Plunge by 10%
- Despite a strong rally, Ethereum may face a 10% pullback if it fails to close above $2,750.
- Analysts caution that Ethereum's price could plummet to $2,500 or $2,380 in case of rejection.
- On the bullish side, experts predict an ascent towards $3,400-$5,000 or even $20,000 for Ethereum.
- Ethereum's Relative Strength Index (RSI) stands at approximately 71, indicating potential problems for the bulls.
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TronWeekly
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Image Credit: TronWeekly
Ethereum Price Prediction: Breakout Above $2,750 Could Push ETH to $3K
- Ethereum is consolidating between $2,400 and $2,750 after a 50% recovery from April lows.
- Repeated buying near $2,400 signals strong accumulation and bullish sentiment.
- A breakout above $2,750 could trigger a surge toward the $3,000 mark.
- Current price action mirrors classic bullish setups seen before major rallies.
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Zebpay
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Image Credit: Zebpay
Ethereum Price Prediction and Analysis
- The launch of Ethereum marked a significant milestone in blockchain advancement, introducing smart contracts and expanding possibilities beyond Bitcoin.
- Ethereum is currently trading at $2,681.53 with a market cap of $323.89 billion and an all-time high of $4,868.8 in November 2021.
- Ethereum's market value is influenced by factors like performance of decentralised applications, global financial trends, ecosystem progress, and crypto adoption.
- Ethereum price prediction for 2025 suggests optimistic scenarios with potential highs of $5,500, driven by upgrades and network scalability.
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Bitcoinist
4w
325
Image Credit: Bitcoinist
Investors Pour $224M Into Crypto Funds, But Bitcoin’s Outflows Raise Eyebrows
- Crypto asset investment products attracted $224 million in net new money last week, marking the seventh consecutive week of positive flows totaling $11 billion during this period.
- Ethereum saw significant inflows with $296.4 million in new investments, while Bitcoin experienced outflows for the second consecutive week, losing $56.5 million.
- The uncertain sentiment among investors is attributed to the US Federal Reserve's decision on interest rates, leading to some capital remaining on the sidelines awaiting clearer macroeconomic signals.
- The United States led all regions in net inflows for digital asset investments, while altcoin activity remained subdued, with Sui registering minor inflows and XRP seeing its third consecutive week of outflows.
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Coinjournal
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Image Credit: Coinjournal
BTC trades at $109.7K after weekend surge; Ethereum’s Pectra upgrade boosts institutional staking
- Bitcoin (BTC) is currently trading near $110,000, challenging predictions of summer stagnation after a 3.26% weekend surge.
- QCP Capital noted signs of market fatigue for BTC, despite the breakout, with softening open interest and tapering ETF inflows.
- Bitcoin's surge coincides with US-China trade talks and a $22 billion US Treasury bond auction, adding market uncertainty.
- Ethereum (ETH) shows signs of increasing institutional adoption, particularly in staking, amid a shift towards decentralization.
- Recent price action saw Bitcoin breaking above $106,500 levels, establishing new support at $107,600 and briefly touching $110,169.
- QCP Capital had highlighted suppressed volatility but warned of signs of fatigue in the market despite the recent rally.
- Bitcoin's move above $110,000 comes amidst a tense macroeconomic backdrop with US-China trade talks and a significant bond auction.
- Ethereum's Pectra upgrade is praised for introducing significant changes in staking mechanics, enhancing institutional appeal.
- The Pectra upgrade features Execution Layer triggerable withdrawals, catering to institutional operational needs and compatibility with ETF issuers.
- The upgrade is seen as a pivotal development for Ethereum, driving institutional readiness and potentially increasing ETH adoption in portfolios.
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Bitcoinsensus
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66
Image Credit: Bitcoinsensus
Paul Atkins Pushes For Crypto Self-Custody—Criticizes Gensler’s Regulatory Approach
- SEC Chair Paul Atkins advocates for the right to self-custody of Bitcoin and other cryptocurrencies, emphasizing it as a foundational American value.
- Atkins emphasizes the importance of individuals having control over their digital assets in personal wallets to avoid excessive regulation that could limit market participation.
- He argues that restrictions on self-custody could hinder innovation in activities like staking and decentralized finance (DeFi).
- Atkins criticizes former SEC Chair Gary Gensler's regulatory approach, highlighting a shift towards policy-driven regulation instead of enforcement actions under the new administration.
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Newsbtc
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Image Credit: Newsbtc
Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June
- Ethereum remains strong above key support levels amid market pullback, trading around $2,400–$2,500, positioning itself for potential recovery and breakout.
- Analysts anticipate Ethereum could reclaim lost ground if current conditions persist, despite concerns that consolidation may lead to further downside if resistance near $2,800 holds.
- Top analyst Ted Pillows notes rising ETF inflows and growing network activity as signs of renewed demand for Ethereum, signaling a possible price expansion in the near future.
- Bulls eye $2,800 as key level for Ethereum, aiming for $3,000 in June and possibly pushing to $4,000 by Q3 2025 if macro conditions remain stable; Ethereum's consolidation mode may lead to a breakout supported by fundamentals and technical trends.
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Zycrypto
4w
13
Image Credit: Zycrypto
Can Ethereum Keep Outshining Bitcoin and XRP in the Race for Big Money?
- Ethereum is attracting more institutional investors than Bitcoin and XRP, with $321 million in weekly inflows.
- Over the past six weeks, Ethereum has received $1.19 billion in institutional funds, driven by demand for DeFi applications.
- Bitcoin saw $8 million in outflows despite major purchases by firms, while XRP faced $28 million in outflows due to regulatory uncertainties.
- Ethereum's strong position in the market indicates a shift in institutional strategy and growing adoption of ETH-based products.
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Bitcoinist
4w
218
Image Credit: Bitcoinist
Dogecoin’s Chance of Running to Unprecedented Levels This Cycle Is High
- Dogecoin has been struggling in its price performance since early June, but experts predict a potential major rally to new highs.
- Crypto analyst Javon Marks foresees a significant spike in Dogecoin's price during this bull market cycle, with a target of $2.28.
- Key indicators, including on-chain signals and technical setups, support the idea of Dogecoin rebounding and rallying strongly in the near future.
- Analyst João Wedson highlights factors such as the 500-day Aggregated Liquidation Level, DOGE/BTC pair, and Meme Index as indicators for Dogecoin's bullish journey.
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