Author: Monicah W

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Analyst Highlights 4 Reasons Why Ethereum May Be on the Verge of Breakout

Monicah W

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.

iShares Ethereum Trust (ETHA) Inflows
iShares Ethereum Trust (ETHA) Inflows. Source: SoSoValue

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.

Monthly Ethereum transactions. Source: Token Terminal
Monthly Ethereum Transactions. Source: Token Terminal

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

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.

ETH Staked in DeFi Protocols. Source: beaconcha.in
ETH Staked in DeFi Protocols. Source: beaconcha.in

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.

Is Ethereum Poised for a 2017-Like Rally?

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
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.

The post Analyst Highlights 4 Reasons Why Ethereum May Be on the Verge of Breakout appeared first on BeInCrypto.

News

Is Polkadot (DOT) Gearing Up for a Big Move Ahead of the June 11 ETF Ruling?

Monicah W

Polkadot’s DOT has witnessed a surge in trading activity over the past few days. Since last weekend, the altcoin has posted modest but consistent gains.

This move has been largely driven by renewed optimism surrounding pending regulatory decisions on DOT-backed exchange-traded funds (ETFs) in the United States. With one of those decisions expected to come on June 11, DOT is seeing a notable rise in demand among market participants.  

Polkadot Gathers Steam as ETF Decision Looms

Investor sentiment around DOT has grown increasingly bullish as the US Securities and Exchange Commission (SEC) prepares to issue its final rulings on two major ETF applications this month. 

According to a SEC filing dated April 24, the first decision, regarding Grayscale’s Polkadot ETF proposal, is expected on June 11, while a ruling on 21Shares’ Polkadot ETF is scheduled for June 24.

DOT is gaining steam ahead of the June 11 decision, with traders betting on a favorable outcome. 

This growing optimism is reflected in DOT’s price action, as it edges closer to its 20-day exponential moving average (EMA), a key indicator that signals a shift in momentum. At press time, DOT trades just below this key level, with mounting bullish pressure suggesting a potential breakout to the upside.

DOT 20-Day EMA.
DOT 20-Day EMA. Source: TradingView

The 20-day EMA measures an asset’s average trading price over the past 20 days, placing greater weight on recent price movements. When an asset’s price breaks above the EMA, it is a bullish signal indicating that buyers are gaining control and a near-term uptrend may be forming. 

For DOT, a sustained move above this level could confirm the growing bullish sentiment and trigger further upward momentum.

Additionally, the coin’s funding rate across derivatives exchanges remains positive, suggesting that long-position holders are willing to pay a premium, another sign of growing confidence ahead of tomorrow’s decision. At press time, the metric sits at 0.0093%, per Coinglass.

DOT Funding Rate.
DOT Funding Rate. Source: Coinglass

The funding rate is a periodic fee between long and short traders in perpetual futures markets. It keeps contract prices aligned with the spot market. A positive funding rate indicates that long traders are paying shorts. This suggests bullish market sentiment and a higher demand for long positions.

DOT Rally Gathers Steam, But SEC Ruling Could Be a Game-Changer

DOT trades at $4.11 at press time, recording a 3% price gain over the past day. During that period, its daily trading volume has soared 76% to $230 million, highlighting strong investor demand behind the rally.

When an asset’s price and trading volume rise simultaneously, it shows strong market interest. It also confirms the strength of the price move. This combination suggests that DOT’s uptrend is backed by demand and may have further momentum.

In this scenario, DOT could break the resistance at $4.13 and climb to $4.37.

DOT Price Analysis.
DOT Price Analysis. Source: TradingView

However, an unfavorable SEC decision tomorrow could shake investor confidence and spark sell-offs. This could drive DOT’s price down toward the $3.96 level.

The post Is Polkadot (DOT) Gearing Up for a Big Move Ahead of the June 11 ETF Ruling? appeared first on BeInCrypto.

Andrew Tate Joins Hyperliquid Mania; Up By 138% On His Ethereum Long Position

Monicah W

The latest trading tales of Hyperliquid whales like Andrew Tate and James Wynn underscore that fortunes can be made and lost in the blink of an eye in the DeFi space. Andrew Tate’s recent X post highlights a staggering 138.5% gain on an Ethereum long position with 25x leverage on Hyperliquid. This impressive trade starkly

The post Andrew Tate Joins Hyperliquid Mania; Up By 138% On His Ethereum Long Position appeared first on CoinGape.

Crypto Trading Platform Uphold Up For $1.5 billion Acquisition : Report

Monicah W

Uphold, the multi-asset crypto trading platform, is reportedly seeking a potential sale to a payments firm with $1.5 billion target. Besides this, the New York-headquartered firm is also considering the Initial Public Offering (IPO) amid the bullish momentum. The firm has reportedly hired FT Partners – according to the Block – to consider both the

The post Crypto Trading Platform Uphold Up For $1.5 billion Acquisition : Report appeared first on CoinGape.

Crypto Market Rally: Bitcoin and Altcoins Follow Global M2 Before US CPI

Monicah W

Crypto market has staged a strong upside today with Bitcoin (BTC) price shooting 4% to $109,500 levels, and preparing for new all-time highs and price discovery soon. Latest data shows that BTC has been closely following the M2 Money supply, and its next stop could be to $125,000. Altcoins, too, have joined the party as

The post Crypto Market Rally: Bitcoin and Altcoins Follow Global M2 Before US CPI appeared first on CoinGape.

South Korea Advances Bill to Legalize Stablecoins Amid GENIUS Act Delay in US

Monicah W

South Korea is set for a major crypto regulatory overhaul under newly elected President Lee Jae-myung. As Bloomberg reported earlier today, the ruling Democratic Party proposed the Digital Asset Basic Act, with plans to facilitate the use of stablecoins. Will South Korea’s new crypto regulations give it a competitive edge over the US? South Korea

The post South Korea Advances Bill to Legalize Stablecoins Amid GENIUS Act Delay in US appeared first on CoinGape.

XRP’s Daily Active Addresses Spike 1,609% in 24 Hours, Will Price Follow?

Monicah W

XRP is up 4.59% in the past two days, but the daily active addresses have surged 1,609% in just 24 hours. This spike in user engagement indicates that investors are interested in the token at the current price level of $2.28. Will this uptick in investor interest translate into an uptrend for the XRP price,

The post XRP’s Daily Active Addresses Spike 1,609% in 24 Hours, Will Price Follow? appeared first on CoinGape.

Pro-XRP Lawyer Fires Back at VanEck for Favoritism During Ripple-SEC Lawsuit

Monicah W

Why Ripple vs SEC Lawsuit Could Finally End in 2025

The post Pro-XRP Lawyer Fires Back at VanEck for Favoritism During Ripple-SEC Lawsuit appeared first on Coinpedia Fintech News

Ripple’s legal battle with the SEC continues to make headlines. Attorney Bill Morgan took to social media and criticised VanEck for playing both sides. Morgan brought to attention VanEck’s inconsistency as they pushed for fairness in ETFs, but chose to remain silent for XRP when it was in a similar situation. 

For the unversed, asset managers like VanEck, Canary Capital, and 21Shares signed a joint letter to the SEC Chair Paul Atkins, urging a fair and consistent process for approving crypto ETFs.

Bill Morgan Slams VanEck’s Silence on XRP Case

They requested the SEC to adopt a fair “first-to-file, first-to-approve” rule for crypto ETFs explaining that favoritism damages innovation in the ETF market. This came after long delays and growing uncertainty around spot ETF approvals.

But Morgan slammed VanEck for staying silent during the Ripple lawsuit. Morgan wrote on X, “Don’t recall you complaining about SEC favoritism when Ripple was sued over XRP sales and Ethereum received a free pass.”

XRP faced legal actions, while Ethereum walked away clean when it was called a non-security by SEC official William Hinman in a 2018 speech.

Key Court Deadline Could Trigger Major Moves

This has raised concerns over conflicts of interest at the SEC. Critics like John Deaton have also questioned how credible Hinman’s speech actually was and whether the SEC is being fair and transparent with its crypto rules.

These comments come as the crypto community anxiously awaits for updates on a likely settlement between the Ripple vs SEC. A key deadline for the SEC to report to the Appeals Court is coming up on June 16.

XRP Holding $2.29, Can Bulls Push Toward ATH?

XRP is up 2.7% in the last 24 hours, and is currently trading at $2.29. The next move will now depend on updates from the Ripple case and spot ETF news. A breakout above $2.35 could push XRP to $2.50, then $2.65, and possibly $3 or even its all-time high of $3.55. But if it drops below the 50-day EMA, bears could drag it down to $1.93.

The post Pro-XRP Lawyer Fires Back at VanEck for Favoritism During Ripple-SEC Lawsuit appeared first on Coinpedia Fintech News
Ripple’s legal battle with the SEC continues to make headlines. Attorney Bill Morgan took to social media and criticised VanEck for playing both sides. Morgan brought to attention VanEck’s inconsistency as they pushed for fairness in ETFs, but chose to remain silent for XRP when it was in a similar situation.  Don’t recall you complaining …

Will Bitcoin Price Hit ATH in the Next 24 Hours?

Monicah W

Will Bitcoin Price Hit ATH in the Next 24 Hours?

The post Will Bitcoin Price Hit ATH in the Next 24 Hours? appeared first on Coinpedia Fintech News

Bitcoin is back on the move and is on the brink of making history again. At the time of publication, the BTC price is hovering around $109,418.91, up 3.62% since yesterday. Successively, its market cap has risen to $2.17 trillion, while the daily trading volume has surged by over 46%. With Bitcoin now just a few percentage points away from surpassing the current ATH, marketers are stressing out on one single question: Will Bitcoin price hit the ATH in the next 24 hours? Let us decode the quest in this Bitcoin price analysis.

Bitcoin (BTC) Price Analysis: What’s Next?

Bitcoin’s current pace is boosted by consecutive breakouts above crucial resistance levels. It is worth noting that, once BTC price crossed $106,500, it quickly rallied to the $110,000 mark, a move that analyst Michael Van de Poppe rightly anticipated. According to him, the breakout above $108,900 accelerated price action further, with a peak now seen at $110,561.

A brief sideways trend, as seen in the past, typically follows such parabolic moves. This could mean Bitcoin might hover near current levels or slightly correct before launching toward new highs. The RSI on the hourly chart hints at temporary exhaustion, but the structure remains bullish.

Michael Bitcoin Analysis

The ideal zone to buy remains between $107,000 and $108,000, a support area noted for strong continuation potential. Liquidity pools below $105,500 could also serve as a bounce region if prices retrace further. If current momentum sustains and dips remain shallow, Bitcoin breaching ATH levels within the next 24 hours is not just possible, but highly probable.

Curious about how Bitcoin could close the year? Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030!

FAQs

Q1: What is Bitcoin’s all-time high (ATH)?

A: Bitcoin’s ATH is $111,970.17.

Q2: Is now a good time to buy Bitcoin?

A: Analyst insights suggest the $107,000–$108,000 range is ideal for dip-buying, making current levels attractive.

Q3: Will Bitcoin hit a new ATH in 24 hours?

A: Given the breakout momentum and high trading volume, a move past the ATH within 24 hours is highly likely.

The post Will Bitcoin Price Hit ATH in the Next 24 Hours? appeared first on Coinpedia Fintech News
Bitcoin is back on the move and is on the brink of making history again. At the time of publication, the BTC price is hovering around $109,418.91, up 3.62% since yesterday. Successively, its market cap has risen to $2.17 trillion, while the daily trading volume has surged by over 46%. With Bitcoin now just a …

Ripple Puts $5 Million More into Blockchain Research in Asia-Pacific

Monicah W

Ripple Japan Partnership

The post Ripple Puts $5 Million More into Blockchain Research in Asia-Pacific appeared first on Coinpedia Fintech News

Ripple is stepping up its commitment to blockchain research and talent development in the Asia-Pacific (APAC) region. The company has announced a new round of funding worth over $5 million to universities across six countries through its University Blockchain Research Initiative (UBRI). 

This money is part of Ripple’s big push to get more people to understand and use blockchain technology in real life.

Ripple’s Expanding Support in Universities

APAC has become a hot spot for digital finance and innovation. With countries like Japan, South Korea, Singapore, and Australia leading the way in fintech, Ripple sees huge potential in investing here. 

Many of these countries already have friendly rules and a strong community of developers and startups, making it the perfect place to test and build new blockchain ideas.

In South Korea, Yonsei University will get $1.1 million from Ripple. This money will help them study new ways to use blockchain in finance and technology. In Japan, Ripple has given $1.5 million to Kyoto University and the University of Tokyo to help their students learn more about blockchain.

Meanwhile, in Singapore, Ripple’s support has grown to more than $3 million across Nanyang Technological University and the National University of Singapore.

New Projects in Taiwan and Australia

Ripple isn’t stopping there. In Taiwan, Ripple is working with the National Kaohsiung University of Science and Technology. They want to find out how to use blockchain to create tokens for real-world things, like art or buildings.

Australia has also seen Ripple deepen its partnerships, with $1.3 million now spread across the Australian National University and Victoria University.

Ripple’s Broader Mission in Education

This new funding comes just weeks after Ripple pledged $25 million to help teachers in the U.S. access better resources. Earlier this year, Ripple also launched a nonprofit called the National Cryptocurrency Association to boost crypto education in the country, with plans to provide $50 million in funding.

However, this growing development will have a bullish impact on Ripple native XRP, which is currently trading around $2.28 reflecting a jump of 2% seen in the last 24 hours, with a market cap hitting $2.94 billion. 

The post Ripple Puts $5 Million More into Blockchain Research in Asia-Pacific appeared first on Coinpedia Fintech News
Ripple is stepping up its commitment to blockchain research and talent development in the Asia-Pacific (APAC) region. The company has announced a new round of funding worth over $5 million to universities across six countries through its University Blockchain Research Initiative (UBRI).  This money is part of Ripple’s big push to get more people to …