ARK Invest, led by Cathie Wood, has raised its long-term Bitcoin price forecast, predicting the asset could reach up to $2.4 million by 2030. In its Apr. 24 report, ARK outlines three potential scenarios for Bitcoin’s (BTC) price by the…

ARK Invest raises its Bitcoin price forecast to $2.4M by 2030

The United States Securities and Exchange Commission has delayed its decision 
on Grayscale’s proposed spot ETFs for Avalanche and Cardano, extending the 
review period to 15 July 2025. A May 28 press release from the Commission said 
it was appropriate…

SEC delays Grayscale’s Avalanche and Cardano ETF decisions to July

Ethereum (ETH), the world&#8217;s second-largest cryptocurrency, has experienced 
considerable price fluctuations recently, trading at approximately $2,633 at 
the time of writing. The asset registered a mild decline of 1.2% over the past 
24 hours, retreating slightly after surpassing the $2,700 mark last week. 
Despite this short-term retracement, Ethereum has notably appreciated by 
around 50% within the past month, demonstrating strong price strength and 
significant market interest. The recent price action has attracted attention 
from prominent cryptocurrency analysts, particularly from CryptoQuant 
contributors, who have closely monitored Ethereum’s technical indicators and 
market behaviors. These analysts have provided insights that suggest potential 
further movement for ETH, pointing towards critical levels and market metrics 
that investors might want to observe closely. Related Reading: Ethereum May Be 
One Dip Away From Mass Losses—Data Warns Ethereum&#8217;s Bullish Technical 
Indicators and Potential Breakout CryptoQuant analyst Ibrahim Cosar recently 
published a technical analysis outlining a bullish scenario for ETH. According 
to Cosar, Ethereum has formed a pattern known as a &#8220;bull flag,&#8221; suggesting a 
possible upcoming breakout. A bull flag is a chart formation frequently 
interpreted by traders as indicative of continuing upward momentum after a 
period of consolidation. Ethereum’s price has oscillated within a defined 
range between $2,400 and $2,700 for nearly three weeks, creating favorable 
conditions for such a breakout. Cosar also highlighted Ethereum’s sustained 
position above the 200-day Exponential Moving Average (EMA), a commonly 
monitored technical indicator. Historically, remaining consistently above this 
indicator has signified positive market sentiment and preceded significant 
price rallies. Given Ethereum&#8217;s current position relative to this EMA, Cosar 
suggested a potential upward move toward a price range between $3,000 and 
$3,500 could soon materialize. Market-Wide Implications and Retail Activity 
Another CryptoQuant analyst known as &#8220;elcryptotavo&#8221; offered a complementary 
perspective, identifying signals that typically indicate market peaks. 
Specifically, the analyst mentioned Ethereum’s Open Interest (OI), noting that 
a notable market signal occurs when Ethereum&#8217;s OI surpasses Bitcoin’s, a 
scenario historically correlated with market tops. Currently, ETH has yet to 
reach this critical threshold, suggesting, according to this analyst, 
potential room for further upside before significant corrections could occur. 
Related Reading: Ethereum Nears Critical Price Level – Reclaiming $3,000 Would 
Spark A Market-Wide Rally Elcryptotavo also provided observations regarding 
retail trading behaviors. Typically, retail trading activity surges 
dramatically near market tops, reflecting broad market participation. However, 
current data on retail trading volumes remain comparatively subdued. This 
observation implies that institutional investors or large market players are 
predominantly driving Ethereum&#8217;s current rally. A significant increase in 
retail participation, should it occur, could further sustain and accelerate 
Ethereum’s upward momentum, a phenomenon previously seen during the 2020–2021 
bull cycle. Featured image created with DALL-E, Chart from TradingView

Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend

WCT jumped 11% following news that Jupiter stakers will be eligible for a 
token claim tied to WalletConnect&#8217;s Solana expansion. WalletConnect Token 
(WCT) jumped on Thursday as buzz spread about an upcoming airdrop tied to 
Solana (SOL), and some Jupiter…

WalletConnect Token rallies 11% as Jupiter stakers added to WCT airdrop list

Pakistan will create a strategic Bitcoin reserve as part of a government-led 
initiative to embrace digital assets. During his appearance at the Bitcoin 
2025 conference in Las Vegas, Nevada, Bilal Bin Saqib, head of the newly 
established Pakistan Crypto Council,…

Pakistan confirms plans for a strategic Bitcoin reserve

Arkham claims it has found Strategy&#8217;s alleged Bitcoin address, with total 
holdings currently valued at $48.8 billion. CEO Michael Saylor previously 
declined to reveal the company&#8217;s address for security reasons. According to a 
recent post from the blockchain analytics firm,…