An AI model forecasts Ethereum (ETH) may trade around $2,140 by June 1, 2026, suggesting a modest recovery if market conditions stabilize and Bitcoin avoids sharp corrections. Currently, ETH trades near $2,000 but faces resistance above $2,100 and crucial support between $1,900 and $1,950. Technical analysis warns that a weekly close below $1,850 could trigger a bearish breakdown, with potential declines to $1,560 or even $1,070 if momentum worsens. Meanwhile, Ethereum ETFs have seen significant outflows recently, reflecting weaker investor sentiment amid rising Treasury yields and a stronger U.S. dollar. Despite these challenges, institutional interest remains steady, and reclaiming the $2,300-$2,500 range is key for renewed bullish momentum.
U.S. spot Bitcoin ETFs experienced their tenth consecutive day of net withdrawals on May 29, with $125 million exiting, signaling reduced institutional interest. Ethereum ETFs also extended their outflow streak to fourteen days, reflecting subdued de...
Ethereum's derivatives market experienced a significant surge in leverage, with Binance's Open Interest increasing by about 336,000 ETH on May 28, the largest since 2019. Despite this, aggressive selling dominated, pushing net taker volume to its wea...
Solana (SOL) briefly dropped below $82 before rebounding above $86, highlighting its volatility and active dip-buying interest. Despite a weekly decline, trading volume rose over 7%, signaling resilient spot activity. ETF assets for Solana have surpa...
Ethereum is currently supported by a buy wall around $1,960 to $1,980, preventing a further drop. However, it faces significant sell pressure at resistance levels near $2,120 and $2,230, which must be overcome for a stronger price recovery. Recent da...
BitMine has expanded its Ethereum holdings by purchasing an additional 25,000 ETH worth $50 million, despite ongoing bearish market conditions. This follows a recent $237 million Ethereum purchase, reinforcing BitMine's position as the largest Ethere...
