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ETH Slides 8.31% After Whale Sell-Off and $463M Acquisition Amid Record Futures Activity
Ethereum (ETHUSDT) experienced an 8.31% price decline over the past 24 hours, dropping from a 24h open of $2,767.35 to a current price of $2,537.34 on Binance. This pullback follows a period of heightened volatility and bullish momentum, which saw ETH reach a local high of $2,879 amid strong institutional activity, including SharpLink Gaming's $463 million ETH acquisition and record futures open interest at $20 billion. The recent price drop can be attributed to profit-taking by large holders after significant rallies, as evidenced by a whale selling 30,000 ETH for $82.76 million, and broader market consolidation after a strong upward move. Despite the correction, trading volume remains elevated at approximately $40.18 billion, with ETH holding above key support zones and maintaining its position as the second-largest cryptocurrency by market capitalization.
Price predictions 6/13: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, SUI, LINK
INVESCO VÀ GALAXY BẮT ĐẦU THỦ TỤC CHO SPOT SOLANA ETF 🇺🇸
Invesco và Galaxy Digital vừa đăng ký một quỹ ủy thác để chuẩn bị cho Spot Solana ETF. Đây được xem như bước đầu tiên, giống như việc thành lập công ty trước khi nộp hồ sơ Form S-1 lên SEC.
Động thái này diễn ra ngay sau khi chuyên gia phân tích ETF của Bloomberg dự đoán khả năng Solana ETF được chấp thuận là 90% và có thể sớm được duyệt ngay trong tháng tới.
Nếu được thông qua, Galaxy sẽ đứng chung hàng với các công ty như Grayscale, VanEck, 21Shares, Canary, Bitwise, Franklin và Fidelity trong cuộc đua ETF Solana.
$ETH / USDT – BEARS TAKE CONTROL AS ETH BREAKS BELOW SUPPORTS ⚠️
Ethereum drops sharply by -8.16%, now trading at $2,539.02 after failing to hold above key levels. A strong rejection from $2,771 and a break below the 7 and 25 MAs signals increasing bearish momentum in the short term.
📉 Technical Overview:
Current Price: $2,539.02
24H High / Low: $2,771.00 – $2,436.98
MA(7): $2,640.61 — broken
MA(25): $2,586.68 — flipped to resistance
MA(99): $2,091.80 — long-term support intact
Volume: 1.33M ETH
📊 Trade Setup (Short-Term Bearish Bias):
• Entry: $2,530 – $2,550
• TP1: $2,440
• TP2: $2,310
• SL: $2,630
If ETH fails to reclaim $2,586, expect continued pressure. A strong bounce from $2,440 zone could offer a relief rally — but bias remains bearish below $2,640.
#MarketPullback #IsraelIranConflict #BinanceHODLerHOME #TrumpTariffs #CryptoRoundTableRemarks $ETH
{spot}(ETHUSDT)