Ether bounced 17% from its recent low, but data shows pro traders unwilling to flip bullish on ETH.

ETH trades near $2.5K, but weak demand clouds bullish outlook

XRP price started a fresh increase from the $2.050 zone. The price is back 
above $2.10 and might struggle to continue higher above the $2.20 zone. XRP 
price started a fresh increase above the $2.120 zone. The price is now trading 
above $2.150 and the 100-hourly Simple Moving Average. There is a bullish 
trend line forming with support at $2.080 on the hourly chart of the XRP/USD 
pair (data source from Kraken). The pair could continue to move up if it 
closes above the $2.20 resistance zone. XRP Price Faces Hurdles XRP price 
remained supported above the $2.00 zone and started a fresh increase, like 
Bitcoin and Ethereum. The price recovered above the $2.020 and $2.080 
resistance levels. The pair even cleared the $2.150 resistance and spiked 
above the $2.20 barrier. However, the bears were active above the $2.20 zone. 
A high was formed at $2.215 and the price is now correcting some gains. There 
was a move below the $2.00 level, but the price is still above the 23.6% Fib 
retracement level of the upward move from the $1.910 swing low to the $2.2150 
high. The price is now trading above $2.150 and the 100-hourly Simple Moving 
Average. Besides, there is a bullish trend line forming with support at $2.080 
on the hourly chart of the XRP/USD pair. On the upside, the price might face 
resistance near the $2.20 level. The first major resistance is near the $2.220 
level. The next resistance is $2.250. A clear move above the $2.250 resistance 
might send the price toward the $2.320 resistance. Any more gains might send 
the price toward the $2.350 resistance or even $2.420 in the near term. The 
next major hurdle for the bulls might be $2.50. Another Drop? If XRP fails to 
clear the $2.20 resistance zone, it could start another decline. Initial 
support on the downside is near the $2.150 level. The next major support is 
near the $2.080 level. If there is a downside break and a close below the 
$2.080 level, the price might continue to decline toward the $2.020 support or 
the 61.8% Fib retracement level of the upward move from the $1.910 swing low 
to the $2.2150 high. The next major support sits near the $1.950 zone. 
Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in 
the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD 
is now above the 50 level. Major Support Levels – $2.150 and $2.080. Major 
Resistance Levels – $2.20 and $2.250.

XRP Price Fails to Hold Above $2.20 — Is Support Building on Pullbacks?

Injective (INJ) is leading the crypto market with a 26% recovery from the 
recent lows, suggesting a “strong” rally could be around the corner. Some 
analysts forecast further upside for the token if it reclaims a key price 
area. Related Reading: Cardano Headed For $0.32 If This Level Isn’t Reclaimed 
– Is ADA’s Rally Over? Injective Sees Strong Daily Move On Tuesday, Injective 
saw a massive recovery from its recent drop to the $9 mark, and it’s 
attempting to reclaim a crucial resistance level. The cryptocurrency has been 
in a downtrend this month, driven by the increasing global geopolitical 
tensions. Since hitting its December high of $35.26, INJ has retraced over 
65%, dropping below the $10 support multiple times during the 2025 retraces. 
However, the April-May rally saw the cryptocurrency break out of its multi- 
month downtrend and climb to its $10-$15 local price range. Following Monday 
night’s news of a potential ceasefire between Israel and Iran, Injective, 
alongside the rest of the market, reclaimed some of its recently lost levels, 
surging to the $11 area on Tuesday morning and nearing a crucial resistance. 
Notably, INJ recorded a 26% rally intraday to hit the $12.02 mark, becoming 
one of the leading tokens during the crypto market’s rebound. Analyst Crypto 
Rand noted that the cryptocurrency is now pushing over the June downtrend 
resistance following its price recovery, suggesting an explosive surge. 
According to the post, a breakout above the $12 resistance range would 
“trigger the bull reversal,” which could propel Injective’s price toward the 
local range high resistance around the $15 mark. Meanwhile, Crypto Busy 
highlighted that the cryptocurrency “just delivered one of the strongest moves 
in today’s altcoin rally” in “just a few candles” after bouncing from the $9 
support zone. The analyst added that INJ continues to be “one of the most 
responsive altcoins when Bitcoin bounces,” forecasting potentially more 
bullish price action driven by the Injective Summit 2025, scheduled for June 
26. INJ Ready For Massive Rally? Market watcher Clinton highlighted that INJ 
just completed its retest of its multi-month descending broadening wedge. 
According to the post, Injective bounced from the pattern’s resistance level, 
confirming the May breakout in the daily timeframe. This could set the 
cryptocurrency’s price for a 100%-150% “massive bullish rally” toward the 
$23-$30 levels if price holds the $11.5-$11.6 support zone, which served as a 
key area over the past two months. Additionally, analyst Sjuul from 
AltCryptoGems affirmed that Injective is forming a “very clear” Power of Three 
(Po3) setup since the May Breakout. In this pattern, a cryptocurrency’s price 
cycle is divided into three phases: accumulation, manipulation, and 
distribution. The first phase sees a token’s price consolidate near the recent 
high after a strong performance. This is followed by the price falling below 
the accumulation phase support level, trading within a range below the 
recently lost zone. Related Reading: Bitcoin Buy-Side Pressure Surges: Taker 
Buy Volume Spikes Sharply Lastly, a strong price breakout occurs in the third 
phase, with momentum building as participants enter the market. Based on this, 
Injective has entered the distribution phase, which is expected to lead to a 
“nice expansion” toward the $16 local resistance, “as long as we don&#8217;t find 
acceptance back below support.” As of this writing, Injective is trading at 
$11.64, a 3% increase in the daily timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com

Injective Prepares For Bullish Reversal Amid 25% Recovery – Analyst Forecasts Massive Breakout

U.S. and U.K. regulators are accelerating unified oversight of digital assets, 
stablecoins, AI in finance, and cross-border innovation, reshaping global 
markets and fortifying financial stability. US-UK Power Bloc Moves 
Aggressively on Digital Assets and Global Financial Stability The U.S. 
Department of the Treasury issued a Joint Statement on the U.S.-U.K. Financial 
Regulatory Working Group on […]

Top Regulators Forge US-UK Alliance to Oversee Digital Assets

Betting platform Polymarket is reportedly set to be valued at $1 billion in a 
$200 million raise led by Peter Thiel’s Founders Fund.

Polymarket set for $200M raise at $1B valuation: Reports

Ethereum price started a fresh increase above the $2,220 zone. ETH is now 
showing positive signs and might aim for a move above the $2,550 zone. 
Ethereum started a fresh upward move above the $2,220 level. The price is 
trading above $2,320 and the 100-hourly Simple Moving Average. There is a 
connecting bullish trend line forming with support at $2,390 on the hourly 
chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase 
if it settles above the $2,500 resistance zone in the near term. Ethereum 
Price Eyes More Gains Ethereum price started a fresh increase above the $2,200 
support level, like Bitcoin. ETH price was able to clear the $2,220 and $2,250 
resistance levels to move into a positive zone. The bulls even pushed the 
price above the 61.8% Fib retracement level of the downward wave from the 
$2,568 swing high to the $2,115 low. However, they are now facing hurdles near 
the $2,480 and $2,500 levels. Ethereum price is now trading above $2,320 and 
the 100-hourly Simple Moving Average. The price is now just above the 76.4% 
Fib retracement level of the downward wave from the $2,568 swing high to the 
$2,115 low. On the upside, the price could face resistance near the $2,500 
level. The next key resistance is near the $2,550 level. The first major 
resistance is near the $2,565 level. A clear move above the $2,565 resistance 
might send the price toward the $2,650 resistance. An upside break above the 
$2,650 resistance might call for more gains in the coming sessions. In the 
stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 
in the near term. Another Decline In ETH? If Ethereum fails to clear the 
$2,500 resistance, it could start a fresh decline. Initial support on the 
downside is near the $2,390 level and the trend line. The first major support 
sits near the $2,350 zone. A clear move below the $2,350 support might push 
the price toward the $2,320 support. Any more losses might send the price 
toward the $2,250 support level in the near term. The next key support sits at 
$2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above 
the 50 zone. Major Support Level – $2,350 Major Resistance Level – $2,500