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.
Why ETH May Be on the Verge of Its Biggest Breakout Ever
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.
ETH/BTC Trading Pair Volatility. Source: Axel Bitblaze
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.
ETH Staked in DeFi Protocols. Source: beaconcha.in
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.
Comparing ETH Price Structure in 2017 And 2025. Source: Merlijn The Trader
“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.
Dave Portnoy, founder of Barstool Sports, says he’s “ready to cry” after selling most of his XRP holdings—just before the altcoin hit an all-time high.
In a video posted to X, Portnoy shared his frustration. He admitted that holding onto his position would have earned him millions.
Previously, speaking at Consensus 2025, Portnoy said he bought XRP due to FOMO, without strong conviction in its long-term potential. His story reflects a broader pattern across retail investors who often enter crypto markets driven by fear of missing out.
Many, like Portnoy, end up making emotional decisions without assessing the fundamentals.
In hindsight, he underestimated XRP’s growth potential during a volatile but bullish market phase.
XRP’s recent rally is part of a broader market uptrend. The token surged 5% in 24 hours, breaking its previous high of $3.40 to reach $3.65.
Much of the momentum stems from growing investor optimism after major crypto legislations, including the GENIUS Act, were passed in the US on July 9. The Congressional approval of multiple pro-crypto bills boosted sentiment and inflows across the digital asset space.
XRP perpetual futures open interest also hit a record $8.8 billion, reflecting renewed institutional activity.
This favorable regulatory momentum could cement XRP’s position as a leading token—especially if adoption continues to grow globally.
Meanwhile, attorney Fred Rispoli, a vocal XRP supporter, commented on Portnoy’s misstep.
“While it’s certainly admirable that Dave is on board with the best team in college football, his paper hands always come back to haunt him in crypto. He’s essentially the Ohio State of crypto,” Rispoli wrote on X.
As XRP builds strength, investors are now watching regulatory developments closely. Any further progress in legislation could significantly shape the token’s future.
With rising market cap and growing mainstream acceptance, XRP stands out as one of the most closely watched assets in the crypto space.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee as we discuss the growing influence of stablecoin issuers in the US Treasury market. With growing institutional adoption and regulatory legitimization of US dollar-pegged stablecoins, experts warn of artificial inflation of demand for the dollar.
Crypto News of the Day: Using Government Debt Instruments To Back Digital Dollars is Risky, Keiser Warns
The influence of stablecoin issuers in the US is growing, so much that Tether, which already issues the USDT stablecoin, plans to launch a US-only stablecoin by 2025. Tether aims to position stablecoins as strategic financial tools under the Trump administration.
Stablecoin supply by issuer in billions of US dollars. Source: Bain & Company
This chart shows Tether’s dominance in the stablecoin market, with overall supply going from $2 billion to more than $200 billion in recent years.
Meanwhile, the US Treasury projects stablecoins could reach a $2 trillion market by 2028, which could attract more players.
Nevertheless, as stablecoin influence in the Treasury market grows, the House Financial Services Committee is concerned.
Perhaps, however, the greater concern is stablecoin issuers’ using Treasury yields to buy Bitcoin. According to experts, this could undermine US government reserves.
A recent US Crypto News publication indicated reports of stablecoin issuers using Treasury yields to buy Bitcoin. Some say this could undermine initiatives like the proposed US Strategic Bitcoin Reserve, which aims to bolster national holdings of the pioneer crypto.
Growing Influence of Stablecoin Issuers in US Treasuries Market is Concerning, Max Keiser Says
Among them is Bitcoin pioneer Max Keiser, who voiced concerns over the growing influence of stablecoin issuers in the US Treasury market. Keiser warns that their use of government debt instruments to back digital dollars may have broader implications for the global financial system.
As of Q1 2025, Tether reported holding nearly $120 billion in short-term US Treasury securities and reverse repos. This makes it one of the largest non-sovereign holders of American government debt.
Meanwhile, Circle, issuer of USDC, disclosed more than $22 billion in Treasury bills in a February 2025 attestation.
These holdings collateralize dollar-pegged stablecoins, helping issuers maintain liquidity and trust. The issuers benefit from the interest income generated by the bonds.
While this practice is common and legal, Keiser contends it contributes to deeper systemic issues tied to fiat currency dynamics.
“This is exactly why the stablecoin issuers are buying Bitcoin, this is called a speculative attack on the US dollar. Feeding the debt spiral with fiat stablecoins, buying treasury bills, and then investing the interest into Bitcoin, allowing the stablecoin issuers to buy billions in Bitcoin for free,” Keiser told BeInCrypto.
Stablecoin issuers purchase US debt on secondary markets and earn interest, which they may or may not deploy into digital assets like Bitcoin. Keiser is critical of the broader financial architecture underpinning stablecoins.
“Issuing new stablecoins backed by US T-bills printed out of thin air is not a monetary system, but a financial hologram,” he said.
US Treasury bills are debt instruments issued by the federal government and sold to investors, including private companies like Tether and Circle, through regulated markets. These stablecoin issuers tokenize existing fiat currency held in reserve.
Keiser elaborated on what he sees as the long-term consequences of this model.
“It’s a speculative attack by private banks. It is financial repression, pushing rates down as ‘malinvestments’ increase. It is rinse and repeat,” he explained.
His critique also extends to the broader outlook for the US dollar, which, according to the Bitcoin pioneer, “is a quick, deadly fix; a USD hospice. Cue the final death throes of the US dollar.”
BeInCrypto has contacted Circle and Tether for comment and will update this article if they respond.
Max Keiser Proposes AI To Invent Novel Security Structures
Keiser also highlighted what he views as an emerging trend. He said high-profile investors and technologists use artificial intelligence (AI) and novel corporate strategies to increase Bitcoin exposure.
The Bitcoin maxi referenced Strategy Executive Chair Michael Saylor and investor-turned-politician Vivek Ramaswamy.
“Financial engineers like Michael Saylor and Vivek Ramaswamy are using AI to invent novel security structures to maximize the Bitcoin Treasury model. Vivek Ramaswamy plans to take his company, Strive Asset Management, public by merging with Asset Entities and starting to accumulate Bitcoin using the model that Saylor’s Strategy has already successfully adopted — using proceeds from stock and debt issuance,” Keiser remarked.
Though no confirmed public filings detailing Ramaswamy’s use of AI in this context, Keiser sees these developments as significant.
“The results are redefining finance globally and adding significantly to the Bitcoin demand. OG’s like myself, who have watched Bitcoin outperform everything for 15 years, are seeing, for the first time, investment strategies that are outperforming Bitcoin, and the implications are profound,” he said
Keiser believes such strategies could push Bitcoin’s market value even higher. He also implied that the extraordinary compounding rates of the past could be extended. This sentiment comes as Bitcoin captures more of the total addressable market and scales even higher price points.
The views expressed are those of Max Keiser and do not necessarily reflect the opinions of BeInCrypto.
Chart of the Day
International holdings of US Treasuries in billions of dollars. Source: Bain & Company
This chart shows that stablecoins have become a large holder in US treasuries.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
Bitcoin price dropped to $99,800 after Iran’s parliament approved a proposal to close the Strait of Hormuz. The move follows the US bombing of Iran’s nuclear sites yesterday.
With final approval pending at the Supreme National Security Council, markets brace for heightened energy disruption risk. As Hormuz is critical to the world’s oil supply, a macro shock of this level could notably disrupt the crypto market.
But why? The Strait of Hormuz channels nearly 25% of global oil shipments. Closing this chokepoint would tighten global energy supply immediately.
Oil prices could surge, stoking inflation and delaying central bank rate cuts.
Consequently, higher energy costs would ripple through economies. Consumers face steeper fuel bills, while businesses grapple with rising transport and production expenses.
Crypto’s recent sell-off reflects broader market stress. Liquidations concentrated in long positions across Bitcoin and Ethereum. Rising VIX and widening Treasury yield spreads signal tightening risk budgets.
Additionally, hedge funds and retail traders often use leverage in crypto. Sharp price moves trigger margin calls, amplifying declines.
With current leverage metrics elevated, further downside remains likely if uncertainty persists.
At the same time, dollar strength usually correlates with crypto weakness. A surge in the US Dollar Index could deepen Bitcoin losses, potentially pushing it towards $95,000.
Outlook and Key Indicators
Traders should watch three developments closely:
SNSC Decision: Final vote on Hormuz closure.
Oil Prices: Breaks above $100/barrel could exacerbate inflation.
Fed Signals: Comments on rate policy in response to energy shocks.
In sum, Iran’s potential closure of the Strait of Hormuz elevates macro risks for crypto.
