Dig Deeper, Invest Smarter
Ethereum is now courting significant institutional interest, with asset manager BlackRock the latest entity to signal support. BlackRock’s ETH purchases have surpassed BTC for the first time in months as institutional capital begins to rotate into the second-largest cryptocurrency. Is BlackRock Abandoning BTC For ETH? According to Arkham Intelligence data, BlackRock is turning its gaze
The post ETH Is Next BTC? BlackRock Is Ditching Bitcoin And Buying More Ethereum appeared first on CoinGape.
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 …
Crypto whales are making quiet moves in Ethereum (ETH) and Optimism (OP), while accumulation remains stagnant—or even negative—across most other major coins. Between April 4 and 6, both ETH and OP saw a notable increase in large wallet holders despite a harsh market correction.
This behavior often signals early confidence from institutional players, hinting at potential reversals ahead. With ETH nearing $1,400 and OP trading at three-year lows, the next few days could be pivotal if whale accumulation translates into renewed bullish momentum.
Between April 5 and April 6, crypto whales accumulated ETH. The number of Ethereum whale wallets—those holding between 1,000 and 10,000 ETH—increased from 5,340 to 5,388, signaling a quiet accumulation phase during the broader market correction.
Tracking these large holders is crucial, as their behavior often precedes major market moves; when whales accumulate, it can indicate growing confidence in the asset’s long-term value and hint at a potential trend reversal.
If Ethereum’s current downtrend continues, ETH price could break below $1,400 for the first time since January 2023, opening the door to deeper losses.
However, the recent uptick in whale activity suggests some optimism beneath the surface. If momentum shifts and ETH manages to reclaim $1,748, it could rise further toward $1,938 and, with a strong enough rally, even retest the $2,000 mark—restoring a key psychological and technical level for bulls.
The number of Optimism whale wallets—holding between 10,000 and 1,000,000 OP—rose from 4,138 on April 4 to 4,151 on April 6, suggesting that large holders are accumulating despite the ongoing market correction.
This increase in whale activity may indicate long-term confidence in the project, even as the broader market faces heavy selling pressure.
In periods of uncertainty like now, such accumulation can be an early sign of a potential price reversal, as institutional or high-net-worth investors often act ahead of retail sentiment.
Currently trading near its lowest levels in nearly three years, OP is under significant downward pressure. If the correction persists, the token could break below the $0.50 support level.
However, if the recent whale accumulation reflects a shift in momentum, OP could rebound to test resistance at $0.65.
A breakout from that level may open the path toward $0.77 and, in a stronger recovery, even retest $0.84.
The post What Crypto Whales Are Buying After the Black Monday Crash appeared first on BeInCrypto.
The post Is XRP Set To Rally? Traders Eyes on $2.60 appeared first on Coinpedia Fintech News
XRP, Ripple’s native token, is strongly holding its key support level at $1.95, even after a major price drop in recent days. The daily chart shows that XRP has retested this level more than eight times, and each time, it has bounced back with strong upward momentum.
However, this time, the asset’s price has failed to show upside momentum due to the ongoing bearish market sentiment and is instead consolidating within a tight range, which is still better than breaking below this key level. Amid the current market uncertainty, several other assets have failed to hold their key levels and have experienced significant declines
According to expert technical analysis, XRP appears neutral, as the overall sentiment is bearish, making it unreasonable to label it as bullish. Currently, the asset’s price is near a key support level of $1.95 and has been consolidating within a tight range between $1.95 and $2.20 for over a week.
On the smaller timeframe, XRP has formed a bullish inverted head and shoulders pattern, and the price is on the verge of a breakout. Based on recent price momentum, if XRP breaks out of the pattern and closes a four-hour candle above the $2.22 level, there is a strong possibility it could soar by 16% to reach the $2.60 level in the coming days.
However, on the daily timeframe, XRP has already formed a bearish head and shoulders pattern, but its neckline is receiving support from the 200 Exponential Moving Average (EMA), which appears to be helping the asset stay above the key level.
At press time, XRP is trading near $2.12 and has experienced a modest price decline of 0.50% in the past 24 hours. During the same period, its trading volume dropped by 60%, indicating lower participation from traders and investors compared to the previous day.
The post Is XRP Set To Rally? Traders Eyes on $2.60 appeared first on Coinpedia Fintech News
XRP, Ripple’s native token, is strongly holding its key support level at $1.95, even after a major price drop in recent days. The daily chart shows that XRP has retested this level more than eight times, and each time, it has bounced back with strong upward momentum. XRP Price Action and Technical Analysis However, this …