Track market-moving stories before they get noisy

11h10 ▪ 5 min read ▪ by Luc Jose A.

Summarize this article with:

The crypto ecosystem is undergoing a deep structural transformation where yesterday’s certainties give way to new macroeconomic realities. Thus, although the community has historically speculated on Ethereum surpassing bitcoin, institutional analysts now turn to a scenario completely ignored by retail investors. The recent evolution of volumes and market capitalizations calls into question the established hierarchy, prompting experts to rethink the position of stablecoins relative to traditional cryptos.

In Brief Tether could dethrone Bitcoin to become the world’s largest crypto according to a Bloomberg Intelligence strategist. The rise of stablecoins challenges the historical dominance of Bitcoin and Ethereum in the crypto ecosystem. A Bitcoin at 10,000 dollars would be the key scenario allowing USDT to take the lead in the market. The tightening of macroeconomic conditions would strengthen the appeal of dollar-indexed assets versus more volatile cryptos. USDT on the path to becoming the world’s top crypto The announcement surprised bitcoin maximalists and DeFi enthusiasts. Tether (USDT) is well on its way to becoming the largest crypto in the world by market size, assures Mike McGlone, senior macroeconomic strategist at Bloomberg Intelligence.

According to the specialist, the rise of tokens indexed to the greenback disrupts the sector’s value order. The expert bases his conclusions on several key observations of market dynamics :

The threat to the historical duopoly : the analyst states bluntly that it “could be just a matter of time before the dollar-backed token surpasses bitcoin, unless the crypto’s most enduring trend reverses: Tether’s assets under management surpassing everything”. He adds that in this race, “only two remain: bitcoin and Ether” ; The power of dollar indexing : he highlights the inherent power of the stablecoin’s technical architecture, explaining that “the technology is impressive, and it has adopted the dollar as a base layer”, implicitly addressing the movement advocating for global dedollarization ; The fragility of alternative protocols : McGlone directly questions the sustainability and fundamental viability of speculative tokens flooding wallets. He wonders what could stop the uncontrolled proliferation of protocols where billions of dollars accumulate on assets backed by no source of actual revenue or financial flows. Recent movements partly confirm this thesis since Tether briefly snatched the second spot from Ethereum in the overall ranking following the general panic. On this subject, the Bloomberg strategist specifies that this precise historic change “could be lasting this time”.

The crash hypothesis : a bitcoin at 10,000 dollars to validate the prophecy For this macroeconomic prediction to become reality, a complete revaluation of current values would be required, which would depend on a historic drop in crypto yields. Mike McGlone firmly holds his bearish forecasts, stating that bitcoin is heading towards a major correction likely to bring it back to the 10,000 dollar level. The technical explanation lies in the emergence conditions of the first crypto.

It developed at a breakneck speed during an exceptional period marked by zero interest rates and massive liquidity injections from central banks. The current monetary tightening imposes on markets an inevitable deleveraging process, which hits assets considered highly speculative.

The gloomy outlook developed by Bloomberg Intelligence is not limited to the blockchain universe but fits into a recession affecting global commodities and traditional stock indices. McGlone notably anticipates a collapse of WTI crude oil around 40 dollars a barrel, triggered by a global correction of U.S. stock markets in the second half. In this systemic purge framework, the on-chain safe haven par excellence mechanically becomes digitized dollar, whose global capitalization remains stable or rises, while volatile assets see their capitalization shrink under massive selling pressure.

Market redefinition: towards a paradigm shift for decentralized finance This institutional reading reveals a major market divide between purely speculative yield seeking and the fundamental need for stability during systemic crises. While the scenario of a bitcoin at 10,000 dollars is still seen by many market operators as extreme, it nevertheless reminds that an asset’s capitalization depends above all on its real liquidity and transactional utility.

In the long term, the transformation of stablecoins into main vectors of value transfer could relegate first-generation assets to a secondary role, thereby redefining the future of digital investments.

The hypothesis of Tether’s dominance invites the community to reconsider the very foundations of decentralization. If the sector’s most powerful token becomes a centralized currency dependent on the U.S. dollar, the original ideal of resistance to censorship and financial sovereignty championed by Satoshi Nakamoto would be deeply altered.

However, other analysts moderate this view, arguing that bitcoin will maintain its status as digital gold thanks to its programmed scarcity, resisting any monetary printing policies. The future will depend on how investors manage to reconcile the security urgency offered by USDT and the long-term value promise carried by bitcoin.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Table of contents

1024EX, an on-chain crypto trading platform, has announced support for $USDC deposits on two more networks. 1024EX now supports $USDC deposits on Ethereum and Base blockchain networks. As per 1024EX’s official social media announcement, these deposits are live now. Moreover, $USDC withdrawals on Base, Solana, and Ethereum are already live. The update highlights 1024EX’s plan to make stablecoin transfers less fragmented and more rapid.

1024EX now supports USDC deposits via Base and Ethereum.

Withdrawals are available via Base, Ethereum, and Solana.

Coming soon: TRON support.

More chains. Smoother deposits. Easier withdrawals.

— 1024EX (@1024EX) June 27, 2026 Supporting USDC deposits on Ethereum and Base is highly important for any crypto platform and its users. It improves user experience, boosts platform competitiveness, and supports broader stablecoin adoption.

How USDC Deposits on Base and Ethereum Can Improve User Experience The launch of the $USDC deposits on Base and Ethereum permits 1024EX to improve the user experience. Base enables fast finality as well as low-fee transactions. At the same time, Ethereum provides comprehensive liquidity as well as wide wallet compatibility. Keeping this in view, the rollout provides traders with two additional ways for account funding via $USDC without depending on a single blockchain. Additionally, the $USDC deposit support minimizes congestion risk when it comes to increased network activity.

Coming to withdrawals, 1024EX users are permitted to withdraw capital via Solana, Base, and Ethereum. Withdrawals support on Solana is of great importance because Solana delivers a high-throughput option for minimal fees and sub-second settlement. This benefits consumers who look for funds transfers to other platforms, DeFi protocols, or wallets quickly.

1024EX Targets TRON as Next Integration for Wider Access In addition to this, the platform has also unveiled plans to support the TRON network to further facilitate its users. The potential inclusion of TRON would broaden 1024EX’s access to consumers who focus on minimal network fees in the case of $USDC transactions. Ultimately, this development gives consumers more control over $USDC withdrawals and deposits.

To sum up, 1024EX considers this 3-chain withdrawal framework as a key move to let consumers pick ecosystem compatibility, cost, or speed in line with their individual requirements. 

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Ethereum trades around its 200-day moving average near $1,668, the line that has separated its bull markets from its bear markets for years. Above it lies a path back toward $3,000. Below it lies an accumulation zone, the charts put as low as $600. The strangest part is that Ethereum’s fundamentals have never been stronger.

Summary

Ethereum trades around $1,650, hovering at its 200-day moving average near $1,668, a level that has historically divided its bull markets from its bear markets. The price is roughly 55-65% below its $4,953 August 2025 all-time high, in a year-long downtrend, even as Ethereum’s fundamentals reach record highs. About 35.8 million ETH, near 30% of supply, is staked, spot ETFs have drawn around $11.6 billion in cumulative inflows, and corporate treasuries hold over 6.2 million ETH, yet none of it has lifted the price. The $1,668 line is the pivot: holding above it keeps a recovery toward $2,300 to $3,000 alive, while losing the $1,580 to $1,600 floor opens a path toward a deep $1,039 to $603 accumulation zone. The catalyst that could flip the line is the Glamsterdam upgrade and a reversal in ETF and treasury flows, but until the macro tide turns, the strongest fundamentals in Ethereum’s history have not been enough. Ethereum is trading around $1,650, which places it almost exactly on the one line that, more than any other, has historically decided whether it is in a bull market or a bear market: its 200-day moving average, currently near $1,668.

For years, this long-term trend line has acted as the dividing line for Ethereum, with sustained periods above it coinciding with recoveries and rallies, and breaks below it preceding extended downtrends.

Right now, Ethereum sits on the knife’s edge of that line, and the direction it breaks will go a long way toward determining its path through the rest of 2026. What makes the moment genuinely strange, and what separates this prediction from a simple chart reading, is the backdrop against which the line is being tested.

Ethereum’s price is down roughly 55-65% from its all-time high near $4,950 set in August 2025, and it has spent the better part of a year grinding lower, yet by almost every fundamental measure, the network has never been in better shape.

More ether is staked than ever, more institutional money has flowed into Ethereum products than ever, and corporate treasuries are accumulating it at a scale that did not exist a year ago. The result is one of the sharpest contrasts in the market: the strongest fundamentals in Ethereum’s history paired with some of its weakest price action since 2022.

This piece is organized around that contrast and around the line that sits at its center. The reason to build an Ethereum prediction this way, rather than as a list of targets, is that Ethereum’s situation is fundamentally a question about whether fundamentals will eventually matter, and the 200-day moving average is where that question gets answered in real time.

If Ethereum holds the line and reclaims the levels above it, the case that its record fundamentals will reassert themselves gains force, and a path back toward $3,000 opens. If it loses the floor beneath the line, the chart points toward a deep accumulation zone far below, and the fundamentals will have failed, for now, to matter.

What follows traces how Ethereum reached this point, why the $1,668 line carries so much weight, the genuinely record-setting fundamentals on one side of the ledger, the bearish forces that have overwhelmed them on the other, the catalysts that could tip the balance, and concrete bull, base, and bear scenarios tied to the line itself.

One line, two futures Begin with why a single moving average deserves to anchor an entire prediction, because for Ethereum, the 200-day moving average has earned its significance. A moving average is simply the average price over a trailing period, in this case 200 days, and it smooths out short-term noise to reveal the underlying trend.

For Ethereum, the 200-day line has historically functioned as the boundary between bull and bear regimes: when the price trades and holds above it, Ethereum has tended to be in recovery or rally mode, and when it breaks decisively below it, extended downtrends have usually followed. That history is why traders treat this level with such respect, and why Ethereum, sitting right on it, near $1,668, is such a charged situation. The price is balanced precisely at the line that separates its two possible futures.

The levels around the line sharpen the stakes. Immediately below the current price, the $1,600-$1,650 area has held as the floor for 2026, the zone buyers have repeatedly defended, and a brief dip toward $1,580 during the June selloff was bought back. Above, the first resistance sits in the $1,700-$1,800 range, with a more significant barrier near $2,000 and the major structural hurdle at $3,000, where Ethereum would reclaim its long-term trend.

The asymmetry that worries bears is what lies beneath the floor. Technical analysts who map the downside warn that a decisive break below the $1,580 area and the broader monthly support could open a much deeper decline toward an accumulation zone they place between roughly $1,600, a drop of another 30-60% from current levels.

Ethereum daily price chart | Source: crypto.news So the line is not merely a number; it is the hinge between a recovery path toward $3,000 and an abyss toward $600, which is what makes holding or losing it the central question for Ethereum in 2026.

How ETH got here To understand why Ethereum is testing this line at all, you have to trace the decline from its peak, because the fall has been long and grinding rather than a single crash. Ethereum reached its all-time high near $4,950 in August 2025, lifted by enthusiasm around its newly launched exchange-traded funds and growing staking participation.

From that peak, the descent was relentless, with Ethereum closing out a long streak of red months, its worst such run in years, and sliding through the second half of 2025 and into 2026. 

By early 2026, it had fallen below $3,000, and the weakness continued through the spring, with the price working steadily lower in a descending channel of lower highs and lower lows that defined the year.

The June selloff that brought Ethereum to its current levels near $1,600 was the latest leg of this extended downtrend, not a sudden break from an otherwise healthy trend.

The causes were a convergence of pressures rather than any single shock. Broader risk-off sentiment across crypto, driven by macroeconomic uncertainty and concerns about the path of interest rates, weighed on Ethereum as a high-risk asset. Persistent outflows from spot Ethereum exchange-traded funds removed a key source of demand and, during the worst stretches, became active selling pressure.

Selling attributed to Ethereum’s own co-founder added to the bearish narrative. And Ethereum’s tendency to amplify Bitcoin’s moves meant that as Bitcoin slid toward $60,000, Ethereum fell harder, because it typically rises faster in bull conditions and declines more sharply in risk-off periods.

The cumulative effect was a year-long erosion that has left Ethereum testing the line that separates recovery from a deeper bear market, with the price having given back the majority of its gains from the prior cycle. That is the chart context. The fundamental context, remarkably, points the other way.

Why $1,668 matters so much It is worth dwelling on the significance of the line itself, because the entire technical case for Ethereum hinges on it, and the reasoning is not arbitrary. The 200-day moving average works as a regime indicator precisely because it filters out short-term volatility and captures the medium-to-long-term trend, which is why both technical traders and the algorithms that drive a large share of market activity pay close attention to it.

For Ethereum specifically, the historical record shows that this line has repeatedly marked the transition between bull and bear phases, so a sustained position above it tends to attract trend-following buyers and signal strength, while a decisive break below it tends to trigger trend-following selling and signal weakness. The line becomes partly self-fulfilling because so many participants treat it as meaningful that their collective behavior reinforces its importance.

Right now, the line is doing something subtle and worrying beneath the surface: even as the price hovers around it, the 200-day average itself has begun to slope downward, which technicians read as a sign of underlying long-term weakness instead of strength. A price clinging to a falling long-term average is in a more precarious position than one riding a rising average, because the trend line that is supposed to provide support is itself drifting lower.

This is why the current test is so consequential. If Ethereum can hold above the line, stabilize, and push back through the resistance levels above it, the long-term average can flatten and turn up, flipping the regime back toward recovery. If it loses the line and the floor beneath it, the falling average becomes overhead resistance, and the path of least resistance points toward the deep accumulation zone the bears identify.

The $1,668 line, in other words, is not just where the price happens to be; it is the level at which Ethereum’s medium-term fate is being decided.

The strongest fundamentals in Ethereum’s history Here is the contrast that makes Ethereum’s situation so unusual, and it deserves to be laid out fully, because on fundamentals, the network is arguably in the best shape it has ever been.

Start with staking, the mechanism by which holders lock up ether to help secure the network and earn a yield. As of early 2026, roughly 35.8 million ether, close to 30% of the entire circulating supply, is staked, secured by around one point one million validators, with a staking yield in the range of 2.8-3.5% annually.

That staked proportion has nearly tripled since early 2023, when about 11% of supply was staked, reflecting steadily growing confidence and the popularity of liquid staking and restaking. A large and rising share of supply locked in staking reduces the ether available to sell on the open market, a structurally supportive dynamic.

The institutional picture is equally striking. Spot Ethereum exchange-traded funds have attracted roughly 11.6 billion dollars in cumulative net inflows since launching, with the largest single product holding well over $6 billion in assets, giving traditional investors regulated access to ether and, through the staking yield increasingly available, a competitive income component. 

Beyond the funds, corporate treasuries have embraced ether as a reserve asset at a scale that did not exist a year earlier, collectively holding over 6.2 million ether, up from under 1 million in mid-2025, led by a treasury company that alone holds several million ether, a meaningful slice of the total supply.

Layered on top is an accelerating upgrade cadence, with major protocol improvements deployed in 2025 and a twice-yearly schedule of further upgrades designed to scale the network.

By every one of these measures, more staked, more institutional capital, more corporate adoption, more frequent upgrades, Ethereum’s fundamentals are at or near record strength. And none of it has stopped the price from falling, which is the puzzle the rest of the prediction has to confront.

The bear case: why the fundamentals have not mattered The hard truth for Ethereum bulls is that strong fundamentals have, so far, been no match for the forces pushing the price down, and understanding why is essential to any honest prediction. 

The first and most powerful force is the macro environment and Ethereum’s nature as a high-beta risk asset. Ethereum tends to amplify the broader market’s moves, so in a period of risk aversion, tightening financial conditions, and a sliding Bitcoin, Ethereum falls harder regardless of how strong its network fundamentals are, because the selling is driven by macro flows that do not care about staking ratios or upgrade schedules. When capital is fleeing risk, the quality of Ethereum’s fundamentals offers little protection.

The second force is the reversal of the very institutional demand that forms part of the bull case. The exchange-traded funds that brought billions into Ethereum have, during the downturn, seen persistent outflows, turning a source of demand into a source of selling and showing that institutional money can flee as readily as it arrived.

The third is a structural tension within Ethereum’s own design: the growth of layer-two networks, which handle transactions more cheaply by settling on Ethereum, expands the ecosystem’s usage but also reduces the fee pressure on the main chain, complicating the link between network activity and ether’s value.

The fourth is competition from other blockchains vying for the same developers, users, and capital, which caps the premium the market is willing to pay.

And the fifth is simply sentiment and narrative: with the price in a year-long downtrend and a co-founder seen selling, the story around Ethereum has soured, and narrative drives crypto prices more than fundamentals over any given stretch.

The bears’ summary is blunt: the ether trade may be structurally broken, with the token failing to capture the value its thriving network creates, and until the macro tide turns, the record fundamentals are a reason to watch instead of a reason the price must rise.

The catalysts that could flip the line For the fundamentals to start mattering, something has to change the flow of money and the narrative, and several potential catalysts could do exactly that, which is where the bull case regains its footing.

The most specific is the network’s continued upgrade path. A major scaling upgrade expected in the first half of 2026, followed by another in the second half, is designed to deliver measurable improvements to the main chain, and a successful, well-received upgrade could refresh the narrative around Ethereum, reminding the market of the network’s technical leadership and giving institutional and retail buyers a concrete reason to re-engage.

Upgrades have historically been catalysts for Ethereum when they land well, and the twice-yearly cadence means there are regular opportunities for a positive surprise.

The second catalyst is a reversal in the institutional flows. The exchange-traded fund outflows have been a primary drag, so a durable shift back to sustained inflows, perhaps helped by the staking yield making the funds more competitive against fixed-income products, would remove that selling pressure and could turn the funds back into the demand engine the bull case envisions.

The continued accumulation by corporate treasuries is a related signal; if treasuries keep buying through the weakness and the whale wallets that have been adding to positions during the dip prove to be the leading edge of renewed institutional conviction, the resulting supply squeeze, with so much ether staked and locked, could lift the price sharply once demand returns.

The third catalyst is macro: a shift toward easier monetary policy or a broader return of risk appetite would lift high-beta assets like Ethereum, and given how much it has fallen, the rebound could be substantial. The honest framing is that Ethereum has loaded the spring, with record fundamentals and locked supply, and the catalysts above are what could release it, but each depends on forces, especially the macro backdrop, that are not yet in place.

The bull, base, and bear cases for 2026 Tying the scenarios to the line and the catalysts makes them concrete. These are conditional ranges, not predictions, and each hinges on whether Ethereum holds its pivotal level and whether the catalysts arrive.

Bull case: Ethereum holds the $1,668 line, a well-received scaling upgrade refreshes the narrative, exchange-traded fund flows reverse back to sustained inflows, and a friendlier macro backdrop returns risk appetite. The locked supply from record staking amplifies the move as demand returns, and Ethereum recovers through resistance toward the $2,300-$3,000 zone, with the most bullish institutional targets pointing well above that over a longer horizon as the fundamentals finally reassert themselves Base case: Ethereum chops around the line for an extended period, holding the $1,580-$1,700 range as treasury accumulation offsets continued fund outflows, with the strong fundamentals preventing a collapse but the weak macro preventing a breakout. In this scenario, Ethereum grinds sideways near current levels, waiting for a catalyst, with direction deferred to the second half of the year. Bear case: Ethereum loses the $1,668 line and the $1,580 floor decisively, fund outflows continue, Bitcoin drags the market lower, and the falling long-term average becomes overhead resistance. The chart’s deep accumulation zone comes into play, and Ethereum declines toward the $1,000-$1,600 region the bears identify, with the record fundamentals failing, for this cycle, to matter against the macro tide. What to watch For anyone tracking whether Ethereum’s fundamentals will finally translate into price, the analysis points to a focused watchlist, and the first item is the line itself. Whether Ethereum holds the $1,668 200-day moving average and the $1,580 floor beneath it, or loses them decisively, is the single clearest signal of which scenario is unfolding, because that level marks the boundary between the recovery path and the deep-accumulation path.

A sustained reclaim of the resistance above the line would be powerfully bullish; a decisive break of the floor would be powerfully bearish. Everything else feeds into that binary.

The second item is the flow data. The exchange-traded fund outflows have been the primary drag, so a durable reversal to net inflows would be among the strongest possible signals that institutional demand is returning, while continued outflows would confirm the bearish reading. The behavior of corporate treasuries and large accumulating wallets matters alongside the funds; sustained buying through weakness supports the bull case, and any sign of treasuries slowing or selling would be a serious warning given how much of the supply-squeeze thesis rests on them.

The third item is the upgrade path and its reception, since a well-received scaling upgrade is the most concrete near-term catalyst that could refresh the narrative. And the fourth, as always, is the macro environment, because Ethereum’s high-beta nature means a shift in monetary policy or risk appetite would move it more than almost any network development.

The honest synthesis is that Ethereum is a coiled spring of record fundamentals and locked supply held down by a hostile macro tape, and the 200-day line is where the contest between the two is being decided.

Watch the line, watch the flows, and resist the temptation to assume that strong fundamentals must win quickly, because Ethereum’s entire recent history is a reminder that they have not.

Frequently Asked Questions Why is the $1,668 level so important for Ethereum? Because it is Ethereum’s 200-day moving average, a long-term trend line that has historically divided its bull markets from its bear markets. When Ethereum trades and holds above it, the network has tended to be in recovery or rally mode; when it breaks decisively below, extended downtrends have usually followed. Many traders and automated strategies treat the line as a regime indicator, which makes it partly self-fulfilling. With Ethereum sitting right on the line, the direction it breaks will signal whether a recovery toward $3,000 or a deeper decline toward the chart’s accumulation zone is more likely.

Why is Ethereum’s price falling when its fundamentals are so strong? Because macro forces and Ethereum’s nature as a high-risk asset have overwhelmed the fundamentals. Ethereum amplifies the broader market’s moves, so in a period of risk aversion, tightening conditions, and a sliding Bitcoin, it falls hard regardless of staking ratios or upgrades. The exchange-traded funds that had bought billions in inflows have seen persistent outflows, turning demand into selling. Layer-two growth complicates the link between network usage and ether’s value, competition caps the premium, and a soured narrative drives sentiment. Over any given stretch, flows and narrative move crypto prices more than fundamentals, which is why record fundamentals have not lifted the price.

How strong are Ethereum’s fundamentals right now? By most measures, the strongest in its history. Roughly thirty-five point eight million ether, near 30% of the supply, is staked, nearly triple the proportion of early 2023, which locks up supply. Spot exchange-traded funds have drawn around $11.6 billion in cumulative inflows, with the largest product holding over $6 billion. Corporate treasuries hold over 6.2 million ether, up from under 1 million in mid-2025. And the network is on an accelerating upgrade schedule. The contrast between these record fundamentals and the weak price is precisely what makes Ethereum’s current situation so unusual.

How low could Ethereum go? If it loses the $1,668 line and the $1,580 floor decisively, technical analysts who map the downside identify a deep accumulation zone between roughly $1,600, which would be another 30-60% below current levels. This is the bear scenario, not a forecast, and it depends on continued fund outflows, a falling long-term average turning into resistance, and Bitcoin dragging the market lower. The bull scenario, in which Ethereum holds the line and recovers toward $3,000, is equally coherent. Which path unfolds depends on the line, the flows, the upgrades, and the macro environment.

What could turn Ethereum’s price around? Several catalysts could flip the trend. A well-received scaling upgrade could refresh the narrative and give buyers a concrete reason to re-engage. A durable reversal of exchange-traded fund outflows back to sustained inflows would remove the primary drag and restore demand. Continued accumulation by corporate treasuries and large wallets, combined with the locked supply from record staking, could create a supply squeeze that lifts the price sharply once demand returns. And a shift toward easier monetary policy or renewed risk appetite would lift high-beta Ethereum substantially. Each depends on forces, especially the macro backdrop, that are not yet fully in place.

Is the “ETH trade” broken? That is the bears’ core argument: that Ether, the token, is failing to capture the value its thriving network creates, because layer-two growth reduces main-chain fee pressure, institutional flows have reversed, and the price has fallen for a year despite record fundamentals. The bull rebuttal is that the fundamentals have built a coiled spring of locked supply and structural demand that will release once the macro tide turns and a catalyst arrives, and that the current weakness is macro-driven instead of a permanent break. The honest position is that the question is unresolved, and the 200-day line is where the market is deciding it.

This article is information, not investment advice. The scenarios described are conditional ranges that depend on unresolved questions, not predictions, and Ethereum is highly volatile. Prices, flows, staking figures, and fundamentals reflect reporting available as of June 26, 2026, and can change quickly. Nothing here is a recommendation to buy or sell. Verify current data from primary sources and consider your own circumstances before making any decision 

PANews June 27 news, according to SoSoValue data, yesterday (U.S. Eastern Time June 26) Ethereum spot ETFs saw a total net outflow of $12.848 million.

The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF ETHA, which recorded a single-day net outflow of $12.848 million. ETHA's historical total net inflow currently stands at $11.08 billion.

As of press time, the total net asset value of Ethereum spot ETFs is $8.379 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reaches 4.42%, and the historical cumulative net inflow has reached $10.903 billion.

Bitcoin and altcoins continue to experience sharp declines due to ongoing ETF outflows, a more hawkish Fed, and a stronger dollar.

As Bitcoin fell to levels as low as $58,000 in the recent decline, expectations for June on the forecasting market Polymarket were also reshaped.

At this point, investors are expecting a decline, especially for Bitcoin (BTC), Ethereum, and XRP.

According to Polymarket data, the price expectations for BTC, ETH, and XRP in June were as follows.

1. Bitcoin (BTC): Predictions titled “What Price Will Bitcoin Reach in June?” indicate that a decline in BTC prices is the dominant expectation.

A drop below $57,500 is the most likely scenario, with a 49% probability. This is followed by a 37% probability of Bitcoin rising above $62,500. This is followed by a 19% probability of Bitcoin falling below $55,000. Finally, the possibility of Bitcoin rising above $65,000 only covers about 10% of the target. 2. Ethereum (ETH): In predictions titled “What Will Ethereum’s Price Be in June?”, bearish forecasts for Ethereum are also prominent.

The most dominant scenario is a drop below $1,500, with a 66% probability priced in. A drop below $1,400 is priced in with a 22% probability. The probability of Ethereum surpassing $2,000 is priced at only 1%. 3.XRP: In predictions titled “What will the price of XRP be in June?”, bearish forecasts for XRP are prominent.

The most likely scenario is a drop below $1, with a 70% probability of the price being priced in. Secondly, a drop below $0.8 is priced in with a 2% probability. In contrast, a move above $1.4 is priced in with only a 1% probability. *This is not investment advice.

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SharpLink, the Nasdaq-listed company that has quietly built one of the largest corporate Ethereum treasuries in existence, started buying again on June 26. The firm scooped up 5,000 ETH worth approximately $7.85 million through crypto brokerage FalconX, its first purchase since October 2025.

That eight-month silence had started to raise eyebrows. Now, with total holdings sitting at 876,285 ETH, SharpLink trails only the Ethereum Foundation itself among corporate holders. For a company nursing an unrealized loss north of $1.7 billion, the decision to resume buying says something about conviction, or at least about the strategy they’re committed to riding out.

The numbers behind the buy On-chain analysts at EmberCN and Arkham Intelligence confirmed the transaction independently. The 5,000 ETH acquisition is modest by SharpLink’s historical standards, but the signal matters more than the size.

SharpLink’s last purchase came in October 2025, when it acquired roughly 19,270 ETH. Before that, the company had executed far larger capital-raise-funded buys, including transactions exceeding 100,000 ETH during 2025 alone.

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The company’s average purchase price across its entire position lands around $3,609 per ETH. With Ether trading well below that level, the math is uncomfortable: SharpLink’s unrealized loss sits somewhere between $1.71 billion and $1.8 billion.

During the eight months it wasn’t buying, SharpLink generated approximately 22,102 ETH through staking rewards alone. That’s roughly $34.6 million in ETH at current prices, earned simply by locking up tokens to help secure the Ethereum network.

From gaming affiliate to Ethereum whale SharpLink’s journey to becoming crypto’s second-largest corporate ETH holder is one of the more dramatic pivots in recent market history. The company, which trades under the ticker SBET, originally operated as a sports betting and gaming affiliate business. Around mid-2025, it shifted its entire corporate identity toward Ethereum treasury accumulation.

The leadership roster tells you this wasn’t a casual decision. Joseph Chalom, a former BlackRock executive, sits in a key role. Ethereum co-founder Joseph Lubin is also involved.

SharpLink has funded its accumulation through equity issuances and institutional partnerships, including a notable relationship with Galaxy. The company has also emphasized transparency, publishing detailed dashboards of its holdings.

What this means for investors For ETH holders and traders, SharpLink has financial incentive to support Ethereum’s value through continued accumulation and staking. Every ETH it stakes generates more ETH, compounding its position regardless of price action.

SharpLink’s entire corporate value proposition is tied to a single asset. Investors buying SBET shares aren’t getting diversified crypto exposure. They’re getting levered ETH exposure with a corporate wrapper.

The staking yield component does provide a buffer that pure Bitcoin treasury companies don’t have. SharpLink’s 22,102 ETH in staking rewards during its buying pause demonstrates that the treasury generates income even when the company isn’t actively deploying capital.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

COINTELEGRAPH: Ethereum whale who shorted October 2025 crash opens $19.7M ETH short position

KEY TAKEAWAYS

Polymarket traders assign a 76% probability that Ethereum will reach $1,500 before the end of 2026, reflecting near-total conviction in further downside from current levels. U.S. spot Ethereum ETFs recorded 17 consecutive days of net outflows totaling $401 million in May 2026, setting the longest institutional withdrawal streak in ETH history. A confirmed death cross on the daily chart, where the 50-day EMA crossed below the 200-day EMA, preceded months of further decline in both prior Ethereum bear markets. The Glamsterdam protocol upgrade, originally targeting June 2026, has been delayed to Q3 2026, removing the primary near-term catalyst that bulls had used to anchor support. Ethereum trades below its 20-day, 50-day, and 100-day exponential moving averages, all clustered between $1,740 and $2,050, creating a dense resistance wall above current price action. Ethereum traded near $1,670 on June 25, 2026, holding just above a support zone that has protected every major low since the 2022 bear market bottom. The $1,500 level has drawn $3.9 million in total volume on Polymarket prediction markets alone, where traders now price a 76% chance that ETH reaches that threshold before year-end.

 That conviction stems from a convergence of signals: record ETF outflows, a confirmed death cross, and a delayed protocol upgrade that had been the last remaining bullish catalyst for Q2. 

This article examines the technical, fundamental, and on-chain data behind the growing consensus that $1,500 is no longer a floor but a destination, and what that shift means for positioning.

Record ETF Outflows Signal Institutional Retreat U.S. spot Ethereum ETFs logged 17 consecutive trading days of net outflows in May, totaling $401 million and setting a record for the longest institutional withdrawal streak Ethereum has experienced. 

On June 23 alone, ETH ETFs recorded $82 million in net outflows, marking the fourth straight day of withdrawals as market caution grew amid U.S.-Iran tensions and shifting interest rate expectations. The institutional retreat contrasts sharply with the accumulation thesis that dominated late 2025.

When spot ETH ETFs launched, proponents argued that regulated institutional vehicles would create a persistent demand floor. 

That thesis has not survived contact with a 65% drawdown from the approximately $4,950 all-time high reached in August 2025. Funding rates have turned negative and open interest has declined sharply, suggesting a leverage flush rather than a fresh uptrend, according to data reviewed by Cryptopolitan analysts.

Death Cross and Descending Channel Frame the Technical Picture A death cross confirmed on the daily chart when the 50-day exponential moving average crossed below the 200-day EMA. In Ethereum’s prior bear markets of 2018 and 2022, this signal preceded months of further decline before any sustained recovery began.

ETH currently trades below its 20-day, 50-day, and 100-day EMAs, all clustered between $1,740 and $2,050. That alignment creates a dense resistance wall. Analyst Ardi stated on X that ETH has one responsibility over the next four months: do not start closing below $1,500. 

He noted the level has held every major low since the 2022 bottom, and losing it would force a reconsideration of bullish assumptions, Ardi wrote on June 24. Immediate support sits at $1,585, with a deeper floor at $1,468 if the current level fails.

Glamsterdam Delay Removes the Last Bullish Catalyst The Glamsterdam upgrade represents Ethereum’s most significant protocol change since the Merge. Originally targeting June 2026, the upgrade has been officially delayed to Q3 2026, removing the primary catalyst that bulls had been using to anchor a price floor for the current quarter.

Glamsterdam’s two headline components are Enshrined Proposer-Builder Separation (ePBS) and Block-Level Access Lists (BALs). The ePBS feature removes reliance on third-party MEV relays to match block builders with validators. 

BALs enable parallel transaction execution by requiring each block to declare upfront which accounts it will read and write. A confirmed 200-million-gas limit floor was set at the Soldøgn Interop in April 2026, representing a 233% increase from the current limit.

Analysis: The delay matters because price catalysts derive their power from proximity. A Q2 upgrade creates a tradable event in the present quarter; a Q3 timeline pushes it into seasonal low-volume months, reducing the probability that institutional capital will front-run the event.

Prediction Markets Quantify the Downside Consensus Polymarket now prices a 76% chance that ETH hits $1,500 before year-end, while Kalshi shows 73%. That level of convergence across two independent prediction platforms is unusual.

The $1,500 zone aligns with a high-footprint anchored volume profile, according to Coinpedia analysis, meaning significant historical volume traded at that price, which can act as either support or a magnet for price.

Analyst James Easton compared Ethereum’s current weekly chart to the Russell 2000 index. The Russell 2000 has broken above its resistance near 2,500, but Ethereum remains below its equivalent zone near $4,300 to $5,100.

A confirmed move above approximately $5,100 could place Ethereum in price discovery, Easton noted, though that requires a reversal of the current downtrend as a prerequisite.

Regulatory Implications The SEC has not issued new guidance on spot Ethereum ETFs during the current drawdown. If outflows continue at the current pace, issuers may face pressure to reduce fees or restructure fund terms to stem redemptions.

The delayed Glamsterdam upgrade also raises questions about whether the SEC’s classification framework for ETH could shift if staking mechanics change significantly post-upgrade.

What’s Next? The immediate test is whether ETH can hold above $1,585 and reclaim $1,685 on a daily close. The Glamsterdam upgrade timeline in Q3 2026 provides the next fundamental catalyst. Prediction market pricing currently embeds an assumption that the $1,500 test is a matter of when, not if.

FAQs What does the Ethereum death cross mean for price?
A death cross occurs when the 50-day EMA crosses below the 200-day EMA, signaling medium-term momentum has turned negative relative to the long-term trend.

How many consecutive days of ETH ETF outflows occurred?
U.S. spot Ethereum ETFs recorded 17 consecutive days of net outflows in May 2026, totaling $401 million and setting a record for institutional ETH withdrawal streaks.

What is the Glamsterdam upgrade for Ethereum?
Glamsterdam is Ethereum’s next major protocol upgrade, featuring Enshrined Proposer-Builder Separation and Block-Level Access Lists, now delayed from June to Q3 2026 release.

What probability do prediction markets assign to ETH hitting $1,500?
Polymarket prices a 76% chance, and Kalshi shows 73% probability that ETH will reach $1,500 before the end of the 2026 calendar year.

Where is the next major Ethereum support level?
Immediate support sits at $1,585 with a deeper floor at $1,468, and the $1,500 level aligns with anchored volume profile data from prior cycles.

What caused the Ethereum price decline in 2026?
A combination of record ETF outflows, a confirmed death cross, the Glamsterdam upgrade delay, and broader macro risk-off sentiment drove ETH below $1,700.

Can Ethereum recover above $5,000 from current levels?
Analyst James Easton noted a confirmed move above $5,100 could place ETH in price discovery, but the current descending channel must reverse first.

References TechTimes: Ethereum Price Prediction 2026: 17-Day ETF Outflow Record Targets $1,500 Support Analytics Insight: Ethereum Price Today: ETH Holds Critical $1,500 Support Coinpaper: Ethereum Price Prediction: Can $1,500 Support Unlock $5,100? Coinpedia: Ethereum Price Prediction 2026, 2027 – 2030

Ethereum runs as a global, decentralised computer in which every full node stores the network’s complete state, including account balances, smart contract code, contract storage, and everything else needed to verify the chain’s current condition. That design maximises security and verifiability, but it carries a structural cost, because the state only grows.

Transaction history can be pruned or archived, yet the active state has to stay immediately accessible for block validation and execution. Every new wave of DeFi positions, NFTs, gaming contracts, and other on-chain activity adds to a working set that nodes must keep on hand indefinitely. Heavier state means steeper hardware requirements for node operators, and steeper requirements quietly push the network toward fewer, larger, better-resourced participants. State expiry has become one of Ethereum’s most discussed long-term scaling ideas because it attacks that growth directly while trying to preserve the chain’s security guarantees and everyday usability.

Key Takeaways Ethereum’s active state grows without limit because every node must store all accounts and contract storage, unlike prunable transaction history. The root problem is economic: users pay once to write data, but nodes store it forever, raising hardware costs and straining decentralisation. State expiry retires long-untouched data from the active state without deleting it, leaving it recoverable through a cryptographic proof. A leaner state means faster syncs, cheaper nodes, and a lower barrier to participation. It is still research-stage and tied to the move toward stateless clients and binary state trees, which replaced the earlier Verkle tree plan. Ethereum’s State Bloat Is an Economic Mismatch, Not Just a Storage Limit The active state is made up of every account and contract storage slot that nodes must maintain, and once a contract writes data on-chain that data stays in the working set indefinitely unless something explicitly removes it.

Underneath the storage question sits a pricing mismatch. Users pay a one-time gas fee to write data, while node operators carry the cost of storing and serving it for as long as the network exists. The chain therefore accumulates state that may never be touched again but still consumes memory, disk, and bandwidth on every node.

The consequences reach well past raw storage, because a larger state lengthens sync times for new nodes, strains hardware, and raises the price of running validating infrastructure. If that price keeps climbing, the pool of people able to run a node shrinks toward a handful of infrastructure providers. Ethereum’s developers treat this as a long-term priority, folding state work into the network’s 2026 upgrade roadmap. Rollups, for all their impact on fees and throughput, do nothing to slow this. They scale execution but do not shrink the base-layer state that every node still has to hold.

State Expiry Archives Inactive Ethereum Data State expiry starts from a single premise, that data left untouched for long enough does not need to sit in the active working set every node keeps ready for immediate execution. Under such a scheme, accounts and contract storage that have not been accessed within a defined window, often discussed as roughly a year, would be marked expired and dropped from the active state that validators and full nodes maintain.

Expiry is not deletion, and that distinction is the whole point. The data still exists in Ethereum’s history and in archival or distributed storage, so responsibility for holding rarely used state shifts off every node and onto archival nodes, dedicated providers, or networks such as the Portal Network, the same goal driving Ethereum’s push toward stateless verification.

Reviving expired state would mean supplying a cryptographic proof, known as a witness, that demonstrates the account or contract’s prior condition, after which it can be restored for use. The leading designs lean on periodic state trees, where a fresh tree is created each period, alongside changes such as extending address formats so the protocol can track which period an address belongs to. The cleanest mental model is an archive folder, where files you rarely open move out of active memory but stay retrievable, keeping the system light without losing anything permanently.

A Smaller Active State Lowers the Hardware Bar The central benefit is a sustainable storage model in place of open-ended growth, with practical ceilings on how much active data a node must carry. Early proposals from Vitalik Buterin floated trimming the state every node holds to a flat range in the tens of gigabytes instead of letting it climb without limit.

A leaner active state improves node operation across the board, because new nodes sync faster, validators need less storage, and the barrier to running a node drops. Ethereum is pitching that lower barrier to institutional node operatorswho want to verify the chain on standard hardware.

State expiry also realigns cost with consumption, since anyone who wants data to stay instantly available may eventually have to renew or maintain it instead of paying once and relying on the network forever. It complements the rest of Ethereum’s scaling work, where rollups, data availability sampling, and statelessness target throughput and verification while state expiry addresses the storage layer those upgrades leave untouched.

State Expiry’s Hardest Problems The benefits come with real friction, starting with user experience, because developers and users expect accounts and contracts to be reachable at any moment, so any revival step adds complexity to wallets and applications that have never had to account for it.

Proof generation and verification raise a second hurdle, because restoring expired state securely depends on efficient cryptographic proofs and reliable access to historical data, which in turn demands mature infrastructure and careful protocol design. Backwards compatibility may be the thorniest issue, as millions of existing contracts were written on the assumption of permanent, instant availability, and introducing expiry without breaking them is a heavy engineering and coordination task.

Even the basic parameters remain unsettled, since too short an expiry window inconveniences users while too long blunts the benefit, and researchers are still testing where the line should sit. Buterin himself has pushed back on the most aggressive version of the idea, arguing against enforcing state expiry at the consensus layer on the grounds that hard protocol-level changes could introduce security and cross-application risks. He has pointed instead toward lighter options such as optional partial nodes that reduce storage without forcing expiry on the whole network.

The proposal also has to slot into the rest of the roadmap, particularly the move toward stateless clients, and that target has shifted. Verkle trees were for years the planned replacement for Ethereum’s current state structure, prized for the small witnesses they produce, but concerns that their elliptic-curve cryptography is vulnerable to quantum computers pushed them out of favour from mid-2024. Ethereum’s current direction, set out in the Foundation’s 2026 protocol priorities, points toward a binary Merkle state tree paired with STARK-friendly hash functions such as Blake3 or Poseidon, which aim to deliver the same compact proofs on a more future-proof foundation.

Why State Expiry Still Matters for Ethereum’s Long-Term Scalability State expiry remains a research-stage proposal, with the Ethereum Foundation grouping it alongside history expiry and statelessness as work expected to land years out, not in the next upgrade. What keeps it on the agenda is that it addresses a problem the transaction-scaling stack cannot reach. As Ethereum settles more value and hosts more applications, the size of the active state bears directly on whether running a node stays accessible, which in turn bears on how decentralised the network remains.

Paired with statelessness and the shift to binary state trees, state expiry is one piece of a broader effort to keep Ethereum verifiable on modest hardware as it grows. Whether it ships in mandatory form, in optional form, or is partly superseded by alternatives such as optional partial nodes remains an open question among the network’s developers.

Frequently Asked Questions (FAQs) What is Ethereum state expiry?

It removes accounts and contract storage untouched for a set period from the active state, cutting what every node must store. It deletes nothing.

Does state expiry delete my tokens or contracts?

No. Expired data stays recoverable from archival storage and can be revived with a cryptographic proof of its prior state.

How would I access an expired account?

You submit a witness, a proof of the account’s prior condition, and the protocol restores it. Block explorers and providers are expected to help generate these proofs.

Is state expiry live on Ethereum yet?

No. It is still in research, grouped with history expiry and statelessness, and is not part of the 2026 Glamsterdam or Hegota upgrades.

How does it relate to statelessness and Verkle trees?

State expiry shrinks the active state; statelessness lets nodes verify blocks without storing it. Verkle trees were the planned tool for small proofs, but quantum concerns shifted Ethereum to a binary Merkle tree with STARK-friendly hashing.

Jun 26, 2026, 6:37 p.m.

2 min read

Latest developments: Trent Van Epps says Ethereum's long-term decentralization strategy is entering a critical transition phase.

Van Epps said he left the Ethereum Foundation after it became clear the organization would accelerate its "subtraction" philosophy of pushing authority and legitimacy into the broader ecosystem.He described the Ethereum Foundation as intentionally reducing its central role rather than consolidating power, arguing that multiple independent institutions should eventually coordinate the ecosystem.The comments come after recent Ethereum Foundation leadership changes and workforce reductions, which have fueled questions about Ethereum's future governance.Van Epps joined CoinDesk's Jennifer Sanasie on Markets Outlook.What this means: Van Epps argues Ethereum faces a practical funding challenge rather than an existential crisis.

He estimated core protocol development requires roughly $30 million annually, even as the Ethereum Foundation's treasury gradually declines over time.According to Van Epps, the issue is not shrinking technical needs but identifying new organizations willing to finance public goods that keep the network reliable and secure.He said his Protocol Guild initiative has distributed nearly $40 million to Ethereum core developers over roughly four years but is not sufficient on its own to replace broader ecosystem funding.Reading between the lines: Van Epps remains bullish on Ethereum despite the funding concerns.

He argued Ethereum continues to lead in decentralized finance, stablecoin settlement and EVM adoption, saying those network effects remain difficult for competitors to match.While acknowledging near-term coordination challenges, he said he is optimistic new institutions and major stakeholders will emerge to help finance Ethereum's shared infrastructure.He also pointed to the "free rider" problem, where firms benefit from shared infrastructure without contributing to its maintenance, as a key obstacle to solving the funding gap.What comes next: Van Epps believes Ethereum's governance will become more distributed over the next decade.

He expects the Ethereum Foundation to continue operating in a narrower role alongside newer organizations focused on research, commercialization and ecosystem growth.He argued Ethereum also needs stronger advocacy around ETH as an asset and a clearer narrative connecting the token to the network's expanding on-chain economy.Long term, Van Epps said success should be measured by broad adoption, with billions of users ultimately accessing Ethereum and its Layer 2 ecosystem.AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Equities on Crypto Rails: A Platform Comparison

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US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.

Base Delays Important Upgrade After Back-to-Back Network Outages

Ethereum (ETH) trades below $1,600 on Friday following sustained risk-off sentiment across the crypto market. The top altcoin has declined by 6.7% on the weekly timeframe, stretching its 30-day loss to 23.5%.

Despite sustained negative sentiment across the market, bearish positioning in Ethereum derivatives has eased over the past three weeks, following ETH's sharp decline from above $2,000 to near $1,560 at the time of writing.

The move is evident in the Ethereum Net Taker Volume, which has gradually contracted from negative territory over the period. The metric measures the difference in trading volume between buyers and sellers in perpetual futures using market orders.

The recent contraction indicates that pressure from short traders has reduced after a majority of their positions became profitable following the decline.

ETH Net Taker Volume. Source: CryptoQuantETH futures also appear to have undergone a partial reset after the Estimated Leverage Ratio (ELR) fell from 1.11 to 0.85 in the past three weeks. ELR indicates the amount of leverage employed in a cryptocurrency by comparing its open interest to exchange reserves.

The sharp drop in ETH's ELR shows that a large number of leveraged positions have been wiped out, potentially stabilizing the market and reducing leverage risk.

ETH Estimated Leverage Ratio. Source: CryptoQuantWhile leverage has fallen alongside contracting bearish positioning, ETH derivatives remain modestly tilted to the downside as funding rates continue to flash negative, especially after further price declines over the past few days.

Meanwhile, institutional appeal has remained subdued following six consecutive days of net outflows in US spot ETH exchange-traded funds (ETFs), according to SoSoValue data. The products are on track to record seven straight weeks of outflows and their largest weekly decline since January.

A key price level investors continue to watch is the Realized Price Lower Band, which has served as a bottom indicator in the past two bear market cycles. The metric suggests ETH could drop by nearly 30% before forming a bottom.

Ethereum Price Forecast: ETH falters before descending trendline resistanceOn the weekly chart, ETH is maintaining a bearish near-term bias as it remains below key Exponential Moving Averages (EMAs). The 7-week EMA around $1,817 and the 20-week EMA near $2,118 sit well overhead, reinforcing a downside tone alongside the longer-term 50-week EMA at roughly $2,525.

Momentum indicators are deeply oversold, with the 14-week Relative Strength Index (RSI) at around 30 and the Stochastic Oscillator (Stoch) below 10, suggesting that while sellers remain in control, the pace of the decline may be nearing exhaustion.

ETH tested the $1,524 support level this week after seeing a rejection at the convergence of a descending trendline resistance and the $1,741 level.

On the topside, initial resistance remains at the descending trendline, followed by clustered barriers at $1,741, $1,806 and the 7-week EMA. Above these, further hurdles are at $1,909 and $2,019, before the horizontal levels at $2,108 and $2,211.

ETH/USDT weekly chartOn the downside, immediate support emerges at $1,524, ahead of a secondary floor at $1,404. A deeper slide would expose the more significant base near $1,156.

(The technical analysis of this story was written with the help of an AI tool.)

Bitcoin trades around $60,000 as analysts remain divided on whether a durable market bottom has formed.

Notable Statistics:

Coinglass data shows 90,825 traders were liquidated in the past 24 hours for $484.09 million.        SoSoValue data shows net outflows of $696.3 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $81.9 million. In the past 24 hours, top gainers include Jito, SKYAI and Aave. Notable Developments:

Trader Notes:

Scott Melker noted Bitcoin is at a critical technical juncture. If BTC closes the day at current levels or higher, it would confirm a strong bullish RSI divergence on the daily chart after reaching oversold conditions.

The analyst said Bitcoin has already printed a bullish divergence on the weekly RSI, only the second such occurrence ever.

Walter Bloomberg explained Bitcoin may not have reached its cycle low yet. Despite more than $1.3 trillion being wiped from the market, many expect the final bottom to form in the $50,000–$53,000 range, with the bear market potentially extending into September.

He predicts that the strongest buying opportunities typically emerge after forced selling and panic-driven liquidations subside, rather than during the height of market fear.

Ted Pillows argues Bitcoin has not yet seen the type of capitulation that marked previous cycle bottoms. The analyst notes BTC fell 87% in 2015, 84% in 2018 and 78% in 2022, suggesting the current expectation of a bottom after only a roughly 50% decline may be premature.

Based on those historical drawdowns, Ted expects Bitcoin to decline at least 60%–65% from its cycle peak before establishing a final market bottom.

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Tether briefly overtook Ethereum by market capitalization on June 26, according to the validated discovery pack, as ETH sold off into the $1,500 to $1,600 range and stablecoin supply remained comparatively steady. The crossover was temporary, but the symbolism was hard to ignore: during one of the market’s sharpest risk-off sessions, crypto’s largest stablecoin briefly moved ahead of Ethereum.

TL;DR Tether briefly flipped Ethereum by market capitalization during the June 26 sell-off. USDT’s market cap was cited around $186.06 billion, while ETH fell near $185.66 billion during the intraday crossover. Ethereum later recovered above the level, so the flip should not be framed as permanent. The move highlights how stablecoin dominance can rise when investors reduce risk exposure. A Temporary Flip, But A Loud Signal The validated figures showed Tether’s market capitalization reaching roughly $186.06 billion while Ethereum’s market value fell to around $185.66 billion during the brief crossover. Ethereum later recovered above the mark, meaning the event should be treated as an intraday milestone rather than a permanent reshuffling of the crypto rankings.

Still, the moment was notable because Ethereum has long held the second-largest market capitalization in crypto behind Bitcoin. Stablecoins are not typically viewed in the same way as productive or programmable blockchain networks, but in market capitalization tables they compete for the same ranking space. When USDT briefly moved ahead, it reflected both Ethereum’s drawdown and the scale of stablecoin liquidity sitting on the sidelines.

Why Stablecoin Dominance Matters Stablecoin market capitalization tends to be watched as a proxy for liquidity inside the digital asset ecosystem. A rising stablecoin supply can suggest that capital remains within crypto rails, even if it is not actively allocated to volatile assets. During sell-offs, traders often move into USDT or other stablecoins to reduce exposure without fully exiting exchanges or on-chain environments.

That is why the Tether-Ethereum crossover is best understood as a risk-aversion signal. It does not mean Ethereum’s long-term role has changed, nor does it mean the market has permanently favored stablecoins over smart-contract networks. But it does show how quickly rankings can shift when a major asset sells off and the market’s defensive liquidity base remains large.

Ethereum’s Weakness Meets USDT’s Scale Ethereum’s market capitalization is highly sensitive to spot price because ETH trades freely and can move sharply during high-volatility sessions. Tether’s market capitalization, by contrast, largely reflects circulating supply. That makes USDT less volatile in market-cap terms, especially during a session when traders are seeking shelter rather than chasing risk.

The brief flip therefore says as much about Ethereum’s price decline as it does about Tether’s scale. ETH moving into the $1,500 to $1,600 region placed its total valuation close enough for USDT to pass it, even if only briefly. For traders, the crossover offered a simple visual snapshot of the day’s market mood: defensive assets were holding their ground while major altcoins were being repriced.

What Comes Next The key question is whether Ethereum can quickly rebuild distance above Tether in the rankings. A strong ETH rebound would likely turn the event into a short-lived curiosity. A prolonged period of weak ETH price action, however, could keep stablecoin dominance in focus and raise more questions about capital rotation within crypto.

For now, the safer framing is that Tether’s brief move above Ethereum was a symbolic market stress signal, not a permanent change in crypto’s hierarchy. It showed that stablecoin liquidity remains enormous, and that in sharp sell-offs, even Ethereum’s long-held second-place position can temporarily come under pressure.

This report is based on information from The Currency Analytics.

This article was written by the News Desk and edited by Samuel Rae.

However, the artificial intelligence-linked assets look increasingly stretched.

“Layer-1s Are Still The Place To Be“In a "Drinks With Raoul Pal" episode on June 26, Pal acknowledged that crypto markets have been painful for investors, saying the asset class has not been "the gift that keeps on giving" over the past year.

Still, Pal said he remains heavily allocated to crypto and continues to believe that major layer-1 networks are the core opportunity.

"I strongly believe in my thesis that the layer ones are still the place to be," Pal said, naming ETH, SOL and SUI among the assets he continues to watch closely.

Pal argued that blockchain infrastructure remains central to the next phase of the internet, particularly as AI agents require payment rails, identity, privacy and coordination layers.

Liquidity Is Turning Positive Pal contrasted crypto’s weakness with the sharp rally in semiconductor and AI-related stocks, saying parts of the AI trade now look heavily overextended.

He said semiconductors are trading nearly four standard deviations above their long-term trend, making it difficult for them to remain the market’s next leadership group.

By comparison, Pal said Ethereum and Sui appear far more attractive on a relative basis, with ETH near the bottom of a long consolidation range and SUI trading well below its trend channel.

Pal also pointed to global liquidity as the underlying driver of financial assets, arguing that liquidity remains in an uptrend even though the crypto market has not yet fully responded.

He said excess liquidity is beginning to turn positive again, which could eventually support risk assets beyond the current AI winners.

“Great Rotation” To ComePal said he expects a “great rotation” across markets, with leadership potentially shifting away from the most crowded AI trades and toward assets that have lagged, including crypto layer-1s.

He warned investors not to confuse short-term pain with a broken thesis, arguing that the most important investing gains usually come from compounding through long-term secular trends rather than trading every market swing.

Pal added that investors need a framework, a thesis and the discipline not to panic during drawdowns.

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Ethereum (ETH) treasury company Bitmine Immersion Technologies (BMNR) is set to join the Russell 1000 Index after the close of US markets on Friday, while Solana (SOL) treasury firm Upexi (UPXI) will be added to the Russell Microcap Index when markets open on Monday.​

Bitmine and Upexi join Russell indexes after meeting requirementsBitmine qualified for inclusion in the Russell 1000 after meeting the index's eligibility requirements, the firm initially announced on Monday. The large-cap index tracks the performance of the top 1000 US companies by market cap.

The inclusion places Bitmine alongside established US large-cap companies and increases the company's visibility among institutional investors and passive funds that track the Russell indexes.

Meanwhile, Upexi announced Thursday that it had secured a place in the Russell Microcap Index. The Solana-focused treasury holds over 2 million SOL acquired through acquisitions, staking and other capital allocation strategies.

"Inclusion in the Russell Microcap Index is a meaningful milestone that reflects the growth and transformation of Upexi over the past year, as we have grown our Solana treasury to more than two million SOL," said Allan Marshall, CEO of Upexi, in a statement on Friday.

Marshall added that the index inclusion is expected to expand the company's reach among institutional investors and fund managers that use Russell indexes as benchmarks.

Upexi operates both as a Solana-focused digital asset treasury company and a consumer brands business. Its treasury strategy centers on accumulating SOL while generating additional returns through staking and disciplined capital management.

The Russell Microcap Index includes the smallest companies in the Russell 2000, alongside the next tier of eligible US-listed microcap stocks. Constituents remain in the index until the next semi-annual reconstitution. The addition of Bitmine and Upexi is part of the June Russell US Indexes reconstitution.

Inclusion in major equity indexes can increase demand for a company's shares from passive funds that track those benchmarks. Broader institutional visibility and improved stock liquidity could help crypto treasury companies raise capital more efficiently to grow their holdings.

For example, in November, analysts warned that the potential removal of Bitcoin treasury firm Strategy from major equity benchmarks could trigger close to $9 billion in passive fund outflows.

Meanwhile, the crypto market has seen a significant decline in institutional activity over the past few months as bear market pressures intensified.

The declines have similarly affected companies whose stocks serve as proxies for investing in top cryptos. Several crypto firms have begun selling their holdings, with a few others pivoting from the crypto treasury model completely.

BMNR and UPXI are up 1.9% and 8.5%, respectively, on Friday.

Ethereum remains under heavy selling pressure after another rejection at a key resistance level, with the latest decline pushing the asset back toward a major demand zone. While buyers are attempting to stabilize the price around support, the broader trend remains firmly bearish as ETH continues to trade below all major moving averages.

Ethereum Price Analysis: The Daily Chart On the daily timeframe, Ethereum continues to print lower highs and lower lows while trading beneath the 100-day, 200-day, and long-term descending trendline, confirming that sellers remain in full control of the broader structure.

The recent recovery stalled precisely below the $1.72K to $1.78K supply zone before bearish momentum resumed. That rejection has now driven ETH back into the key support region around $1.46K to $1.56K, where buyers are once again attempting to defend the market.

This support zone has produced another reaction, but so far the rebound remains weak and has failed to alter the overall bearish structure. As long as Ethereum remains below the $1.72K to $1.78K resistance area, rallies are likely to be viewed as corrective rather than the beginning of a trend reversal.

A decisive loss of the current demand zone would expose the market to another leg lower, while reclaiming the nearby resistance would be the first indication that bearish momentum is beginning to fade.

ETH/USDT 4-Hour Chart The 4-hour chart highlights the recent rejection at the $1.72K to $1.78K resistance zone, triggering another sharp decline toward the lower boundary of the established range.

Following that sell-off, ETH has bounced modestly from the $1.50K to $1.53K support area, suggesting buyers remain active around this demand zone. However, the asset continues to trade near the bottom of the broader consolidation range, while every recovery attempt has so far produced another lower high.

The current structure suggests Ethereum may continue consolidating between approximately $1.52K and $1.75K in the near term. The lower boundary remains the critical level to watch, as another breakdown below support could accelerate bearish momentum, whereas reclaiming the upper resistance would improve the short-term outlook and open the door for a stronger recovery.

Sentiment Analysis The Exchange Netflow chart shows a notable increase in ETH moving onto exchanges over the most recent sessions, with the 14-day moving average of netflows turning sharply positive.

Historically, sustained positive exchange netflows indicate that more coins are being transferred to trading venues, often reflecting rising selling pressure or a greater willingness among holders to distribute their assets. This shift has coincided with Ethereum’s latest decline toward the $1.5K area.

Although exchange inflows alone do not guarantee additional downside, the recent surge suggests that supply entering exchanges remains elevated. Unless netflows begin to moderate while price stabilizes around the current demand zone, the on-chain data continues to favor a cautious outlook and supports the possibility of continued weakness before a more durable recovery can develop.

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Ethereum has been striving to hold its ground in the crucial support zone between $1,584 and $1,683 in recent days. Market analysts note that if ETH manages to sustain this level, bullish momentum could strengthen. On the other hand, a break below this band may pave the way for further selling pressure and deepen the correction.

Attention fixed on a key support zoneApproximately 4 million ETH changed hands in the spotlighted price range, turning this area into a technically significant support region. If Ethereum posts a daily close above $1,683, buyers could gain the upper hand, setting their sights on the next supply zones—$1,980 and $2,079.

A daily close above $1,683 could bolster the bullish outlook and lift the price toward the $1,980 to $2,079 range.

Conversely, a dip below $1,584 could undermine the existing technical structure, drawing attention to lower demand areas near $1,237 and $1,089. In this scenario, the market could once again focus on the psychologically significant $1,000 region.

In the short term, daily closes are expected to serve as the key indicator of direction. Whether buyers can defend this high-activity zone, or sellers seize control, will play a crucial role in determining the next move for ETH’s price.

Long term resistance remains a hurdleAt the time of reporting, ETH traded close to $1,573, remaining within the broader accumulation range between $1,400 and $1,700. Despite this, Ethereum still lingers below the long-term descending resistance line, keeping the overall trend under downward pressure.

Analysis points out that the pullback, which commenced after the 2025 peak, has added importance to this region. If buyers fail to protect the current zone, the bearish pattern could not only persist but potentially intensify. In that case, the $1,200 mark may again come into play.

As one of the largest blockchain networks for smart contracts and decentralized applications, Ethereum’s sharp price movements capture the attention of both the ETH market and a wider set of altcoin investors.

Ethereum continues to trade below both the long-term descending resistance line and the strong moving average resistance near the $2,332 level.

The main moving average resistance around $2,332 stands out as one of the most significant barriers to upward movement. According to market observers, overcoming the descending trend line and reclaiming this level could open the door to a more robust recovery for Ethereum.

For the time being, technical indicators suggest that caution still prevails. As long as ETH fails to rise above long-term resistance levels, broader macro pressures persist and downside risks in the market have not been eliminated.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

XRP Sinks Deeper as the Psychological $1 Mark Comes Into Play

Trading of the DRAM memory ETF is now available on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Jupiter official announcement: Trading of Roundhill Memory ETF (ticker: DRAM) is now supported on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

2 minutes ago

At the opening of US stock markets, AI application software stocks rose against the trend, with ServiceNow and Figma climbing more than 5%.

According to Bitget market data, AI software stocks in the US market rose against the trend at opening. ServiceNow (NOW.US) and Figma Inc (FIG.US) jumped more than 5%, while Palantir (PLTR.US), Adobe (ADBE.US), Workday (WDAY.US), Salesforce (CRM.US), and Datadog (DDOG.US) gained over 3%, and Microsoft (MSFT.US) rose by more than 2%. Microsoft has hiked Xbox prices three times in 13 months, and stated that storage component costs will double next year.

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At the opening of the U.S. stock market, most space-themed concept stocks rose, while SpaceX declined 0.75%.

According to Bitget market data, most US space concept stocks advanced at the opening of US stock trading. Specifically: SpaceX (SPCX) slipped 0.75% to $151.8; Virgin Galactic (SPCE) gained 8%; AST SpaceMobile (ASTS) rose 3.45%; Rocket Lab (RKLB) added 4%; Redwire (RDW) gained 1.9%.

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At the opening of US stock markets, optical communication concept stocks fell broadly, with MRVL, AAOI, and LITE down more than 6%.

According to Bitget market data, US stocks opened with broad declines in optical communication concept stocks, including: Pure Photonics ETF (FOTO) fell 5.7%; Marvell Technology (MRVL) — a stock NVIDIA CEO Jensen Huang previously touted as the next trillion-dollar market cap company — dropped 6.1%; AAOI (Applied Optoelectronics) fell 7.1%; LITE (Lumentum Holdings) dropped 8.86%; COHR (Coherent Corp.) declined 8.4%; and CIEN (Ciena Corporation) fell 4.75%.

2 minutes ago

US stocks opened with all three major indices in the red, with semiconductor and storage sectors plunging; Micron and SanDisk fell more than 5%.

According to Bitget market data, the three major US stock indexes all fell at opening: the Dow Jones Industrial Average dropped 0.44%, the S&P 500 declined 0.67%, and the Nasdaq Composite fell 1.1%. The semiconductor and storage sectors saw broad declines, with individual stocks performing as follows: NVIDIA (NVDA) dropped 1.56%; Intel (INTC) fell 3.5%; Broadcom (AVGO) declined 2.5%; Qualcomm (QCOM) fell 0.4%; Seagate Technology (STX) dropped 5.78%; Western Digital (WDC) fell 7%; SanDisk (SNDK) declined 7.5%; Micron Technology (MU) dropped 5.4%.

2 minutes ago

@BlackRock has deposited an additional 4,577 $BTC and 41,996 $ETH into Coinbase Prime, valued at approximately $337.2 million, continuing a notable pattern of large crypto transfers to the institutional platform.

Part of a Larger Wave of Transfers The latest deposit follows a significant $611 million liquidity transfer executed earlier in the week. Over that prior 48-hour period, BlackRock moved a total of 7,160 $BTC and 98,850 $ETH to wallet addresses on Coinbase Prime, with a combined value of approximately $611 million based on asset prices at the time. Those earlier tokens were transferred across multiple wallet addresses in three separate batches of large $BTC transfers and a single transfer carrying over 51,000 $ETH.

The market is interpreting the activity as tied to ETF fund flows and is watching future net inflows and outflows closely. The moves have sparked mixed reactions among investors, though the pattern has become familiar and is often expected during periods when BlackRock's ETF products are witnessing net outflows.

What the Transfers May Signal While the deposits have fueled speculation about possible sell activity, analysts noted that transfers to institutional trading platforms do not automatically confirm direct liquidation of Bitcoin or Ethereum holdings. Coinbase Prime supports institutional custody and settlement services, meaning wallet transfers alone cannot establish whether any sale occurred.

When an institutional investor like BlackRock deposits Bitcoin to Coinbase Prime, it often precedes a specific action within the ETF ecosystem, such as creating new shares or settling redemptions. BlackRock has not confirmed any sales or disclosed the purpose of the transfers, leaving open the possibility that the movements relate to institutional custody or settlement services rather than immediate trading activity.

The scale and frequency of the transfers nonetheless reinforce BlackRock's position as one of the most active institutional participants in the digital asset space, with on-chain trackers continuing to flag each new movement as a key data point for market participants.

Sources:
BlackRock Sends $217M in Bitcoin and Ethereum to Coinbase Prime, Blockonomi
BlackRock Transfers Over $600 Million in BTC and ETH to Coinbase, Digital Today
BlackRock Extends Bitcoin and Ethereum Transfers With Massive $217M Move, Crypto Economy

BlackRock just shifted 4,577 BTC and 41,996 ETH to Coinbase Prime, a combined transfer worth approximately $336 million.

The Bitcoin portion alone was valued at roughly $271 million, while the Ethereum tranche came in at around $65 million. On-chain tracking firms including Onchain Lens and Arkham flagged the transactions, which are linked to BlackRock’s management of its iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA).

What’s actually happening here Coinbase Prime serves as BlackRock’s custody, trading, and operational partner for its crypto ETF products. These transfers are the plumbing behind ETF share creation, redemption, and portfolio rebalancing. When new ETF shares are created because investor demand is high, the underlying crypto needs to move to the right custodial accounts. When shares are redeemed, the process reverses.

On-chain analysts have broadly characterized this transfer as consistent with standard ETF-related flows rather than any directional market bet. The absence of meaningful price movement in either Bitcoin or Ethereum following the deposit reinforces that interpretation.

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In January 2026 alone, BlackRock has transferred over $300 million in cryptocurrency to Coinbase Prime. Throughout 2025 and into 2026, similar transactions regularly exceeded $100 million per event.

BlackRock has not issued any official commentary on the transfer.

The bigger picture for crypto ETFs The fact that these transfers have become routine, happening regularly and in increasingly large sizes, signals that institutional infrastructure for crypto has matured well past the experimental phase.

The Ethereum side of the equation is worth noting separately. ETHA, BlackRock’s Ethereum ETF, has operated in the shadow of IBIT since launch. The 41,996 ETH transfer, while smaller in dollar terms, still represents meaningful operational activity. At roughly $65 million, the ETH deposit suggests that Ethereum ETF flows remain active.

What this means for investors When $336 million in crypto moves from the world’s largest asset manager to an exchange and nothing happens, it tells you something about where we are in the institutional adoption cycle. The market has learned to distinguish between operational custody transfers and actual buy or sell pressure.

The pattern is now well-established: large deposits to Coinbase Prime from BlackRock wallets are overwhelmingly associated with ETF mechanics, not market positioning.

Over $300 million in transfers in a single month suggests that ETF inflows and redemptions are running at a healthy clip. Sustained ETF activity of this magnitude acts as a structural demand source for both Bitcoin and Ethereum, providing a floor of institutional liquidity that didn’t exist before 2024.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Trading of the DRAM memory ETF is now available on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Jupiter official announcement: Trading of Roundhill Memory ETF (ticker: DRAM) is now supported on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

2 minutes ago

At the opening of US stock markets, AI application software stocks rose against the trend, with ServiceNow and Figma climbing more than 5%.

According to Bitget market data, AI software stocks in the US market rose against the trend at opening. ServiceNow (NOW.US) and Figma Inc (FIG.US) jumped more than 5%, while Palantir (PLTR.US), Adobe (ADBE.US), Workday (WDAY.US), Salesforce (CRM.US), and Datadog (DDOG.US) gained over 3%, and Microsoft (MSFT.US) rose by more than 2%. Microsoft has hiked Xbox prices three times in 13 months, and stated that storage component costs will double next year.

2 minutes ago

At the opening of the U.S. stock market, most space-themed concept stocks rose, while SpaceX declined 0.75%.

According to Bitget market data, most US space concept stocks advanced at the opening of US stock trading. Specifically: SpaceX (SPCX) slipped 0.75% to $151.8; Virgin Galactic (SPCE) gained 8%; AST SpaceMobile (ASTS) rose 3.45%; Rocket Lab (RKLB) added 4%; Redwire (RDW) gained 1.9%.

2 minutes ago

At the opening of US stock markets, optical communication concept stocks fell broadly, with MRVL, AAOI, and LITE down more than 6%.

According to Bitget market data, US stocks opened with broad declines in optical communication concept stocks, including: Pure Photonics ETF (FOTO) fell 5.7%; Marvell Technology (MRVL) — a stock NVIDIA CEO Jensen Huang previously touted as the next trillion-dollar market cap company — dropped 6.1%; AAOI (Applied Optoelectronics) fell 7.1%; LITE (Lumentum Holdings) dropped 8.86%; COHR (Coherent Corp.) declined 8.4%; and CIEN (Ciena Corporation) fell 4.75%.

2 minutes ago

US stocks opened with all three major indices in the red, with semiconductor and storage sectors plunging; Micron and SanDisk fell more than 5%.

According to Bitget market data, the three major US stock indexes all fell at opening: the Dow Jones Industrial Average dropped 0.44%, the S&P 500 declined 0.67%, and the Nasdaq Composite fell 1.1%. The semiconductor and storage sectors saw broad declines, with individual stocks performing as follows: NVIDIA (NVDA) dropped 1.56%; Intel (INTC) fell 3.5%; Broadcom (AVGO) declined 2.5%; Qualcomm (QCOM) fell 0.4%; Seagate Technology (STX) dropped 5.78%; Western Digital (WDC) fell 7%; SanDisk (SNDK) declined 7.5%; Micron Technology (MU) dropped 5.4%.

2 minutes ago

Trading of the DRAM memory ETF is now available on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Jupiter official announcement: Trading of Roundhill Memory ETF (ticker: DRAM) is now supported on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

2 minutes ago

At the opening of US stock markets, AI application software stocks rose against the trend, with ServiceNow and Figma climbing more than 5%.

According to Bitget market data, AI software stocks in the US market rose against the trend at opening. ServiceNow (NOW.US) and Figma Inc (FIG.US) jumped more than 5%, while Palantir (PLTR.US), Adobe (ADBE.US), Workday (WDAY.US), Salesforce (CRM.US), and Datadog (DDOG.US) gained over 3%, and Microsoft (MSFT.US) rose by more than 2%. Microsoft has hiked Xbox prices three times in 13 months, and stated that storage component costs will double next year.

2 minutes ago

At the opening of the U.S. stock market, most space-themed concept stocks rose, while SpaceX declined 0.75%.

According to Bitget market data, most US space concept stocks advanced at the opening of US stock trading. Specifically: SpaceX (SPCX) slipped 0.75% to $151.8; Virgin Galactic (SPCE) gained 8%; AST SpaceMobile (ASTS) rose 3.45%; Rocket Lab (RKLB) added 4%; Redwire (RDW) gained 1.9%.

2 minutes ago

At the opening of US stock markets, optical communication concept stocks fell broadly, with MRVL, AAOI, and LITE down more than 6%.

According to Bitget market data, US stocks opened with broad declines in optical communication concept stocks, including: Pure Photonics ETF (FOTO) fell 5.7%; Marvell Technology (MRVL) — a stock NVIDIA CEO Jensen Huang previously touted as the next trillion-dollar market cap company — dropped 6.1%; AAOI (Applied Optoelectronics) fell 7.1%; LITE (Lumentum Holdings) dropped 8.86%; COHR (Coherent Corp.) declined 8.4%; and CIEN (Ciena Corporation) fell 4.75%.

2 minutes ago

US stocks opened with all three major indices in the red, with semiconductor and storage sectors plunging; Micron and SanDisk fell more than 5%.

According to Bitget market data, the three major US stock indexes all fell at opening: the Dow Jones Industrial Average dropped 0.44%, the S&P 500 declined 0.67%, and the Nasdaq Composite fell 1.1%. The semiconductor and storage sectors saw broad declines, with individual stocks performing as follows: NVIDIA (NVDA) dropped 1.56%; Intel (INTC) fell 3.5%; Broadcom (AVGO) declined 2.5%; Qualcomm (QCOM) fell 0.4%; Seagate Technology (STX) dropped 5.78%; Western Digital (WDC) fell 7%; SanDisk (SNDK) declined 7.5%; Micron Technology (MU) dropped 5.4%.

2 minutes ago

THE BLOCK: Ethereum OG wallets finally sell after 8 years, locking in estimated $27M profit after $150M unrealized peak: onchain analysts