Ethereum's price is showing weakness both technically and on-chain, with fewer holders in significant profit and the ETH/BTC ratio at a low not seen since 2016. Despite BitMine's recent $213 million accumulation of 126,000 ETH signaling confidence, the market has yet to respond positively. Meanwhile, some whales are betting on further downside by shorting ETH, as the price struggles to hold the $1.5k support level. This suggests that short positions may offer a better risk-reward trade in the near term as Ethereum underperforms Bitcoin and downward momentum continues.
U.S. spot Ethereum ETFs recorded a net inflow of $82.37 million on June 8, reversing a recent outflow and signaling strong institutional demand. Leading the inflows were Fidelity and BlackRock funds, which together accounted for the majority of new i...
Tom Lee's Bitmine has purchased $213.57 million worth of Ethereum, about 4.59% of its circulating supply, boosting market confidence in Ethereum's price potential. This large acquisition suggests institutional investors are increasingly bullish on Et...
Hyperliquid allocates over 90% of its trading fees to an Assistance Fund that buys HYPE tokens, creating strong buy pressure and reducing supply. This strategy helped HYPE reach an all-time high near $75, outperforming major cryptocurrencies like Bit...
Ethereum has fallen below the 0.8 MVRV Pricing Band, a historical indicator of major market bottoms and accumulation zones. Currently trading near $1,689, ETH is in a region where buyers have previously stepped in during bear markets. Traders are wat...
Ethereum's market capitalization has converged with Tether's at around $186.87 billion, a rare event historically marking ETH market bottoms and potential rallies. The ratio between these assets has hit a key support level, suggesting a possible mult...
