Ethereum traded near $1,652 on June 12, pressured by ongoing ETF outflows totaling $15.89 million on June 11 and macroeconomic factors including U.S.-Iran tensions and a hawkish Federal Reserve. These conditions have led to a weak technical setup with ETH hovering near key support levels around $1,650 and showing a downtrend since its highs near $4,500-$5,000. Analysts are divided, with some seeing a long-term accumulation opportunity while others warn of further downside unless ETH reclaims higher price ranges. The market remains cautious as geopolitical risks and inflation concerns continue to weigh on speculative assets like Ethereum.
June has been a tough month for Ethereum and Solana, with Ethereum down 17.1% and Solana down 20.5%, both exceeding their usual historical June declines. Ethereum spot ETFs have seen significant outflows, while Solana's ETF flows remain flat, contrib...
Bitmine, owned by Tom Lee, purchased an additional 25,000 Ethereum (ETH) worth $41.09 million, increasing its holdings to 125,000 ETH valued at $206 million over three days. This large purchase during Ethereum's recent price decline reflects a buy-th...
Dogecoin (DOGE) faces pressure after breaking key support, needing to reclaim $0.10 to regain bullish momentum. Shiba Inu (SHIB) remains under seller control but may consolidate if support holds. Toncoin (TON) shows resilience, stabilizing near suppo...
Ethereum is trading near $1,685, close to a key support zone between $1,650 and $1,700 after a prolonged downtrend from its $5,000 peak. Despite price pressure and recent outflows from US spot Ethereum ETFs, staking participation has reached a new hi...
Bitcoin price recovered above $63,000 after Donald Trump announced the cancellation of planned U.S. strikes on Iran and progress toward a peace agreement. This news reversed losses caused by hotter-than-expected U.S. producer inflation data, which ha...
