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Ethereum is up today as BitMine, Ether Machine, and SharpLink expanded their Ethereum treasuries by over 1.35 million ETH combined. The largest altcoin by market cap is looking to continue its bullish momentum and retest the psychological $4,000 level. ETH Soars 5.68% as BitMine Boosts Ethereum Treasury Ethereum price surged 5.68% to $3,682.93 after starting
The post ETH Rises as BitMine, Ether Machine, and SharpLink Expand Ethereum Treasuries appeared first on CoinGape.
Analysts are pointing out that Ethereum (ETH) has now gathered several key factors. These are the very catalysts investors have long awaited to trigger a powerful new rally.
In June, these signals are becoming more evident, forming a solid foundation for short-term price expectations. So, what are these factors? Let’s dive in.
Axel Bitblaze, a well-known analyst on platform X, believes ETH is on the verge of its biggest breakout ever. According to him, four main catalysts are laying the groundwork for ETH’s upcoming strong growth.
One major reason Axel Bitblaze remains bullish on ETH is BlackRock’s aggressive accumulation. Since May 9, 2025, BlackRock has bought 269,000 ETH—worth roughly $673.4 million—without selling a single coin. This signals a long-term investment strategy in ETH.
Previously, BlackRock helped lead Bitcoin’s (BTC) price surge from $76,000 to $112,000, driven by massive inflows into its ETF. Now, with similar moves happening for ETH, many analysts believe this is a strong signal that ETH could soon break out.
Additionally, the latest report from BeInCrypto notes that ETH has recorded the strongest inflow streak since the US elections.
The second factor Axel Bitblaze highlights is the significant increase in Ethereum’s network activity. Last month, the number of transactions on the Ethereum network reached 42 million, the highest since May 2021. At the same time, daily active addresses rose to 440,000—also the highest in the past six months.
This reflects the network’s growing usage, particularly in areas like decentralized finance (DeFi) and stablecoin transactions.
The third factor Axel points out is that the ETH/BTC ratio has dropped to its lowest level in six years. The weekly RSI has also hit a record low, suggesting ETH is currently oversold. This often signals a potential trend reversal.
Moreover, over the past month, the ETH/BTC pair has already recovered by 30%, serving as an early confirmation of a possible reversal.
Finally, he highlighted the institutional demand for ETH as demonstrated by SharpLink Gaming recently raising nearly half a billion dollars to purchase ETH.
Based on these developments, Axel Bitblaze predicts that ETH could reach $9,000 by early 2026.
“By December 2025, ETH could trade around $6,000 to $6,500. The final leg up will happen in Q1 2026, and ETH will most likely trade above $9,000 before a blow-off top,” Axel Bitblaze said.
Beyond the catalysts Axel emphasized, the amount of ETH being staked hit a new high in June, with 4.65 million ETH now locked, nearly 30% of the current circulating supply.
This rise in staked ETH has pushed the available exchange supply to new lows in June. With supply tightening and institutional demand rising, pressure is building for upward price movement.
In addition to Axel Bitblaze’s analysis, veteran trader Merlijn The Trader compared ETH’s current price cycle to the 2017 bull run. He believes ETH is now structurally positioned for an even stronger breakout.
“ETH IS COPYING 2017… BAR FOR BAR
2017: Breakout after reclaiming the 50 MA
2025: Same setup. Same level. Same tension.Only difference?
2025 has a bigger engine, more fuel… and no brakes.” – Merlijn The Trader said.
At the time of writing, ETH has recovered more than 50% since early May and is trading above $2,600. However, a recent analysis from BeInCrypto notes that profit-taking has begun. This may act as short-term resistance to ETH breaking out above the weekly 50 MA, as Merlijn predicted.
The post Analyst Highlights 4 Reasons Why Ethereum May Be on the Verge of Breakout appeared first on BeInCrypto.
The post Arbitrum Price Analysis: Can Robinhood’s Involvement Boost Bullish Sentiment for $ARB Price Soon? appeared first on Coinpedia Fintech News
Arbitrum (ARB) price was the best performing top-100 altcoins by market cap in the past 24 hours. The altcoin, which is used by one of the top layer Two (L2) networks for Ethereum (ETH), gained over 6 percent in the past 24 hours to trade about $0.3412 on Monday, June 30, during the mid-North American session.
Consequently, the mid-cap altcoin, with a fully diluted valuation of about $2.4 billion and a 24-hour average traded volume of around $109 million, has gained over 20 percent in the past seven days.
Arbitrum price recorded higher gains on Monday than the rest of the top altcoin largely due to the much needed support from Robinhood Markets Inc. (NASDAQ: HOOD). On Monday, Robinhood confirmed that it is currently building its blockchain on top of the Arbitrum network.
Robinhood enjoys a strong community of more than 14 million retail investors, especially in North America. Following the announcement of a new web3 product developed on Arbitrum, HOOD shares gained over 12 percent on Monday to trade about $93.28 at the time of this writing.
In the weekly timeframe, ARB price has been trapped in a falling trend, which is characterized by lower lows and lower highs. However, ARB price has established a robust support level around $0.2673, especially after rebounding twice year-to-date.
A similar outlook has been observed in the daily timeframe, whereby ARB price has already broken out of a macro falling trend and has been retesting. With the daily MACD line almost crossing the Signal line, amid the bullish divergence of the Relative Strength Index (RSI), ARB price is well positioned to rally beyond 47 cents in the near term and establish a macro rising trend.
The post Arbitrum Price Analysis: Can Robinhood’s Involvement Boost Bullish Sentiment for $ARB Price Soon? appeared first on Coinpedia Fintech News
Arbitrum (ARB) price was the best performing top-100 altcoins by market cap in the past 24 hours. The altcoin, which is used by one of the top layer Two (L2) networks for Ethereum (ETH), gained over 6 percent in the past 24 hours to trade about $0.3412 on Monday, June 30, during the mid-North American …
PancakeSwap, the largest decentralized exchange (DEX) on BNB Chain, has officially announced the implementation of CAKE Tokenomics 3.0. This marks a major shift toward a more sustainable and deflationary ecosystem.
According to the announcement, PancakeSwap will begin rolling out the new tokenomics model on April 23, 2025. The main goals are to curb CAKE inflation, optimize system efficiency, and deliver long-term value to the community. However, the CAKE 3.0 proposal has sparked considerable debate.
PancakeSwap has set three primary goals for Tokenomics 3.0: achieve an annual deflation rate of 4%, eliminate complex mechanisms such as veCAKE, and reduce CAKE emissions to improve sustainability.
Here are the specific changes:
Users will have six months from April 23, 2025, to withdraw their previously locked CAKE.
Several developers and community members believe CAKE Tokenomics 3.0 will benefit the project in the long term.
“At its core, CAKE Tokenomics 3.0 defends true value and protects CAKE holders by strengthening long-term fundamentals—such as aggressively cutting emissions to accelerate deflation and sustainably grow value,” Chef Philip said.
However, not everyone agrees. Cakepie DAO—one of the largest veCAKE holders—voiced strong concerns on X. They criticized the decision to eliminate veCAKE, calling it non-transparent and potentially damaging to projects built around that model.
This reveals a divide in the community over how PancakeSwap is balancing deflation and stakeholder interests.
“Sunsetting veCAKE would be devastating for Cakepie and for every project built on long-term alignment with PancakeSwap. Our entire ecosystem is structured around veCAKE, with millions of CAKE locked for four years as a clear show of commitment. Removing veCAKE would erase that commitment overnight and undermine the trust and efforts of all builders who believed in PancakeSwap’s vision,” Cakepie stated.
In response, PancakeSwap proposed a $1.5 million compensation package in CAKE tokens. They offered this to CKP (Cakepie’s token) holders if Cakepie agreed to allow a 1:1 swap from mCAKE (Cakepie’s CAKE derivative) to CAKE.
However, Cakepie is currently voting on whether to accept the offer.
At the time of reporting, CAKE is trading around $1.97, up 17% since April 8, when PancakeSwap first proposed Tokenomics 3.0.
Additionally, data from DeFiLlama shows that PancakeSwap’s 24-hour trading volume has surpassed $1 billion, overtaking Uniswap.
Meanwhile, a report from BeInCrypto reveals that PancakeSwap controls over 90% of the DEX market share on BNB Chain. This highlights the strong relationship between BNB Chain and PancakeSwap.
The post PancakeSwap Sets Date for CAKE Tokenomics 3.0 Despite Controversy appeared first on BeInCrypto.