Over the past week, the Ethereum price declined significantly, following 
Bitcoin’s downturn towards $59,000. As the second-largest cryptocurrency’s 
price dropped to $1,505, data from a recent on-chain analysis reveal an 
underlying shift in activity across exchanges. Related Reading: Ethereum Price 
Downtrend May Not Be Over—Sub-$1,700 Levels Loom Ethereum Exchange Inflows 
Surge To 2.24 Million In A Day In a Quicktake post on June 6, the on-chain 
analytics group Arab Chain cited data from the “Ethereum: Exchange Inflow 
(Total) &#8211; All Exchanges” metric, noting that inflows across all platforms 
recently reached 2.24 million in a single day. According to Arab Chain, this 
marks the highest point reached in the past four months. For context, the 
metric measures the total amount of ETH transferred to all tracked 
cryptocurrency exchanges over a given period, helping gauge potential selling 
pressure as coins move to trading platforms. When inflows are high, it 
suggests that a large amount of ETH may be being prepared for sale. As Arab 
Chain notes, when large volumes of Ethereum are moved to trading platforms, it 
is usually taken as a bearish signal or an incoming surge in trading activity 
(which could translate into heightened volatility). This is because growing 
inflows indicate that there is more available supply for distribution than in 
the past. Related Reading: Dogecoin Has Entered A Historically Red Month And 
The Result Could Be Catastrophic Binance Leads Exchanges In Inflow Volume 
Notably, Arab Chain points out that Binance, the world’s leading crypto 
exchange by trading volume, had the lion’s share of Ethereum inflows. 
According to the analytics group, Binance saw over 1.16 million ETH in inflows 
on the same day, while a total of 2.24 million ETH were sent to all exchanges. 
Interestingly, the surge in exchange inflows reportedly followed a period of 
relative stability in deposit activity. Thus, Arab Chain explains that this 
sudden surge — after periods of quiet — becomes more important than other 
previous events. According to the crypto group, this may signal that 
Ethereum’s investors are preparing to take profits or restructuring their 
portfolios. However, Arab Chain notes that high inflows are not a surefire 
indicator of bear markets. Nonetheless, they remain highly relevant 
considering Ethereum’s price weakness. According to Arab Chain, sustained high 
inflows of Ethereum into exchanges (with an emphasis on Binance) could 
intensify selling pressure and trigger a further downturn for the second- 
largest cryptocurrency in the near term. At the time of writing, the Ethereum 
price is at $1,577. According to CoinMarketCap data, the Ethereum price is 
down 5.35% over the past day. Featured image from Pexels, chart from 
Tradingview

Over the past week, the Ethereum price declined significantly, following Bitcoin’s downturn towards $59,000. As the second-largest cryptocurrency’s price dropped to $1,505, data from a recent on-chain analysis reveal an underlying shift in activity across exchanges. Related Reading: Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom Ethereum Exchange Inflows Surge To 2.24 Million In &#8230;

Ethereum Exchange Inflows Climb To 4-Month High – What This Means For Price

Bitcoin’s sharp decline is fueling debate over whether investors are selling 
liquid crypto positions to chase the Spacex IPO and emerging AI opportunities. 
The theory points to liquidity pressure, ETF outflows, and Strategy’s small 
BTC sale as contributing factors. Bitcoin Bleeds as Spacex IPO and AI Demand 
Spark Capital Rotation Debate Bitcoin’s steep weekly drop […]

Bitcoin’s sharp decline is fueling debate over whether investors are selling liquid crypto positions to chase the Spacex IPO and emerging AI opportunities. The theory points to liquidity pressure, ETF outflows, and Strategy’s small BTC sale as contributing factors. Bitcoin Bleeds as Spacex IPO and AI Demand Spark Capital Rotation Debate Bitcoin’s steep weekly drop &#8230;

Bitcoin Sell-off Theory Points to Spacex, OpenAI, Anthropic IPO Mania Draining Crypto Cash

The sanctions highlight increased US scrutiny on global trade networks, 
potentially straining international relations and compliance efforts.
The post US Treasury sanctions network smuggling Iranian LPG to Asia appeared 
first on Crypto Briefing.

The sanctions highlight increased US scrutiny on global trade networks, potentially straining international relations and compliance efforts. The post US Treasury sanctions network smuggling Iranian LPG to Asia appeared first on Crypto Briefing.

US Treasury sanctions network smuggling Iranian LPG to Asia

The designation of Brazilian criminal groups as terrorists heightens 
compliance costs and risks for businesses, impacting global market dynamics.
The post US designates Brazil&#8217;s Comando Vermelho, PCC as terrorist 
organizations, raising business risks appeared first on Crypto Briefing.

The designation of Brazilian criminal groups as terrorists heightens compliance costs and risks for businesses, impacting global market dynamics. The post US designates Brazil&#8217;s Comando Vermelho, PCC as terrorist organizations, raising business risks appeared first on Crypto Briefing.

US designates Brazil’s Comando Vermelho, PCC as terrorist organizations, raising business risks

A crypto analyst known as Blacksea has revealed that the XRP price has formed 
a major bullish price pattern that appears to have gone largely unnoticed by 
the broader market. The expert noted that the last time this setup emerged, 
XRP rallied by triple-digit percentages and went on to set a new price high. 
If history were to repeat itself, the cryptocurrency could be on track for a 
similar parabolic price surge this cycle. Such a move could completely end 
XRP’s ongoing downtrend and position it firmly in a renewed bullish phase. 
Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation 
Strategy XRP Prints The Same Pattern That Triggered 2024 Rally On June 6, 
Blacksea noted that XRP has once again formed the same falling wedge pattern 
it previously printed in 2024. At that time, the cryptocurrency was trading 
around $0.5 before the structure fully developed, eventually leading to a 
massive 600% upside move. Looking back at the 2024 chart, XRP traded tightly 
within the falling wedge, with repeated swings and compression between the 
upper and lower trendlines. While price action fluctuated sharply, XRP 
eventually broke down briefly below the lower boundary of the wedge pattern. 
That false breakdown marked a turning point, as momentum quickly shifted and 
price reversed aggressively higher. This ultimately led to a surge past $1.5, 
delivering the historic rally. According to Blacksea, XRP could be gearing up 
for the same parabolic price surge. The cryptocurrency is currently trading 
inside its wedge with repeated price declines and compression, although it has 
not yet broken below the lower boundary. If a breakdown occurs, it could 
mirror the 2024 behavior, serving as a final shakeout before a strong 
reversal. Blacksea expects that such a move could fuel a fresh recovery for 
XRP, likely setting the stage for a renewed bullish trend and possible 
attempts at new all-time highs. Ahead of this projected rally, the analyst is 
urging traders and investors to position early and manage risk carefully to 
protect against sharp downside volatility if the pattern fails to play out as 
expected. Analyst Predicts XRP Price Dip Before Explosive Rally In a separate 
post, crypto analyst Celal Kucuker shared a bullish outlook for XRP but warned 
that the move may unfold only after another major price correction. He pointed 
to a Cup &amp; Handle pattern currently forming on the XRP chart, forecasting a 
potential explosive rally toward the 1.618 Fibonacci Extension level above 
$14. Kucuker explained that before XRP can reach this ambitious target, its 
price is expected to extend its current downward trend, potentially dropping 
sharply toward $0.9. The accompanying chart shows that further weakness around 
this region could invalidate XRP’s bullish structure and open the door to a 
deeper decline near $0.48. Related Reading: XRP Monthly RSI Drops To All-Time 
Low As Market Watches For Confirmation However, Kucuker’s chart also suggests 
that if price holds the $0.95 support and stages a strong rebound, the next 
upside target would likely be around $1.5. From there, the analyst projects a 
jump to $3.66, representing a roughly 282% surge from $0.95. Following that, 
XRP could then accelerate toward the analyst’s final target around $14.1, a 
level that would mark a staggering 1,378% rally from the former $0.95 support 
area. Featured image from Pexels, chart from TradingView

A crypto analyst known as Blacksea has revealed that the XRP price has formed a major bullish price pattern that appears to have gone largely unnoticed by the broader market. The expert noted that the last time this setup emerged, XRP rallied by triple-digit percentages and went on to set a new price high. If &#8230;

XRP Pundit Says Pay Attention To This Pattern That Everyone Is Missing

Gold&#8217;s decline highlights the impact of strong economic data on interest 
rates, affecting investment strategies and currency valuations globally.
The post Spot gold extends losses, falls over 3% to $4,336 per ounce as strong 
jobs data rattles markets appeared first on Crypto Briefing.

Gold&#8217;s decline highlights the impact of strong economic data on interest rates, affecting investment strategies and currency valuations globally. The post Spot gold extends losses, falls over 3% to $4,336 per ounce as strong jobs data rattles markets appeared first on Crypto Briefing.

Ethereum Exchange Inflows Climb To 4-Month High – What This Means For Price

Comments