Ethereum shows promising signs of a bullish movement following its recent scaling improvements. Solana 's futures contracts are set to debut shortly, attracting attention from traders. Meanwhile, Cardano hits a crucial resistance level, hinting at potential upward momentum. This article delves into which cryptocurrencies are poised for significant growth in the coming days. Ethereum Price Dynamics: Short-Term Rally Meets Long-Term Correction Ethereum has shown vibrant price swings over the past month with a 35% increase, reflecting renewed buying interest in the market. However, the six-month perspective reveals a 31% decline, indicating ongoing challenges and caution among investors. Recent gains overshadow a backdrop of longer-term pressure that continues to influence sentiment. These fluctuations highlight an appetite for risk while underscoring unresolved issues stemming from market corrections. Current trading levels are between $1923 and $2962, with crucial resistance at $3395 and secondary resistance near $4434. Support is around $1319 and a second level at $280. The market shows mixed technical indicators. The Awesome Oscillator reads 208 and the Momentum Indicator slightly negative at -35. RSI at 54 hints at balanced strength, as bulls rally against bearish pressure. The lack of a clear uptrend suggests a market waiting for further catalysts. Traders may test resistance at $3395 for gains if the level holds, while a retrace could find support at $1319. Solana's Recent Gains Amid Long-term Downward Pressure Solana recorded a 5.19% gain over the last month while declining 33.55% over the past six months. A one-week drop of 11.34% highlights short-term volatility, with price movements reflecting quick shifts and modest rallies that could not overcome overarching downward pressure. This behavior shows that while there have been fluctuations, the overall trend remains bearish over a longer period. Currently trading between $136 and $182, SOL is confined within a tight range defined by key levels. Immediate support at $115.83 and resistance at $207.89 set clear boundaries. Indicators show bearish pressure, with a negative Awesome Oscillator at -4.80 and an RSI around 41.40, suggesting bears have more influence. Traders may approach the support area cautiously while watching for signs of upward strength to challenge resistance levels. The environment is mixed, providing opportunities within the established price zone. Cardano Price Outlook: Past Volatility Meets Key Support and Resistance Cardano experienced a modest decline of 2.72% over the past month alongside a steep half-year drop of 43.05%, complemented by a recent one-week fall of 10.53%. Historical price movements reveal a lack of sustained recovery despite fluctuations, keeping investor sentiment subdued. The market has shown noticeable volatility without clear signs of stabilization, with price action slowing from previous momentum. This data underscores persistent bearish pressure over the last six months, with recent dips amplifying concerns among traders. Currently, Cardano trades in a range between $0.597 and $0.819, facing clear resistance at $0.95 and a secondary barrier around $1.17. Support is evident near $0.50, with another safety net at $0.28. Bearish tendencies continue to dominate, as indicated by a summary recommendation of -0.35 and a moving average suggestion of -0.80. While oscillators display a slight lift at 0.09 and an RSI reading of 38.32 suggests oversold conditions, no clear trend is evident. Traders should monitor price behavior closely, as a bounce off support may signal a potential shift, while a breakdown could confirm further decline. Conclusion Ethereum is on the verge of a significant bullish breakout following its recent update. SOL futures are set to launch soon, generating heightened interest. ADA is approaching a pivotal resistance level, indicating potential price changes. The coming days could see notable movements in these cryptocurrencies. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Changes to Trump-era tariffs are reportedly on hold as the president awaits a call with his Chinese counterpart. Meanwhile, the European Union has issued a warning of potential retaliation. U.S. stock indices closed mixed on Monday, June 2, as trade policy uncertainty kept investors cautious. The Dow Jones fell 194 points, or 0.46%, to 42,075, while the S&P 500 held flat at 5,909 points. The Nasdaq gained 61 points, or 0.32%. Trade policy was in focus, as tensions between China and the U.S. once again ignited. China accused the U.S. of discriminatory restrictions, especially relating to new controls on AI chip exports. Still, there is a potential for some positive change as the leaders of the two countries prepare to negotiate directly. You might also like: Bitcoin crash may be ‘good,’ Rich Dad Poor Dad author Kiyosaki says: Trump tariffs put pressure on crypto “If the US insists on its own way and continues to damage China’s interests, China will continue to take resolute and forceful measures to safeguard its legitimate rights and interests,” Chinese Ministry of Commerce. Much of U.S. trade policy now depends on direct talks between U.S. President Donald Trump and Chinese President Xi Jinping. Kevin Hassett, the director of the National Economic Council, suggested that trade negotiations with other nations have stalled due to the White House’s focus on China. You might also like: From China to crypto: How Trump’s tariffs could reshape the world economy EU threatens retaliatory tariffs on U.S. At the same time, the European Union may impose retaliatory tariffs on the U.S. On Monday, June 2, the European Commission stated that it “deeply regrets” the latest 50% tariffs on steel and aluminum imposed by the U.S. The Commission warned that the move increases market uncertainty and could negatively affect consumers in both the EU and the U.S. It added that the bloc is prepared to “impose countermeasures,” likely in the form of retaliatory tariffs. Trade uncertainty is also undermining the U.S. dollar. On Monday, June 2, the dollar index fell to 98.88 points, the second-lowest level seen since 2022. Investors appear to be pricing in prolonged trade negotiations and potential fallout from a wider global trade conflict. Read more: What tariff shock? Bitcoin surges past $100k as market recovery continues
Webus International Limited, a global mobility company providing artificial intelligence-enabled services, has taken an important step within the scope of its digital asset treasury strategy. The company announced that it has signed a Delegated Digital Asset Management Agreement with Samara Alpha Management, a top-tier investment advisor registered with the U.S. Securities and Exchange Commission (SEC), that includes authority to manage up to $300 million worth of XRP treasuries. Under the agreement, Samara Alpha will become Webus’ sole digital asset manager, with a cap of $300 million. This strategic structure aims to provide institutional-grade infrastructure and expertise for future digital asset operations, particularly in the area of XRP-focused treasury management. Related News: Experienced Analyst Shares New Weekly Forecasts for Bitcoin (BTC) Price However, the agreement is designed to be phased in. The management authority will only become active when Webus transfers digital assets to designated custodial wallets. As of this announcement, no asset transfers have been made and no investment activities have been initiated. Webus CEO Nan Zheng made the following statement on the matter: “This agreement creates a trusted structure for our future digital asset management. As we continue to evaluate innovative approaches to treasury management, establishing this structure with a regulated, institutional-grade partner provides us with strategic flexibility. Samara Alpha’s disciplined approach gives us the confidence to deploy this mandate when our needs and finances align.” *This is not investment advice. Continue Reading: Massive XRP Move from Chinese Company – “300 Million Dollar Treasury…”
Bitcoin’s recent pullback has sparked debate: is the bullish trend still intact, or is a deeper correction on the horizon? With price currently trading above a key channel low and the 200-day moving average, this zone may represent the foundation for the next leg higher—toward $116,000. After tapping a new all-time high around $111,900, Bitcoin ( BTC ) entered a corrective phase, pulling back toward high-timeframe support at $104,300. This zone marks the bottom boundary of the bullish channel that has contained price action for months. Rejections from the channel high often lead to retests of the channel low, which is precisely what has occurred. Price is now hovering just above the 200-day moving average, a level closely watched by institutional traders and a historically reliable marker of macro support. Key technical points Channel Low Support at $104,300 : Acts as the structural base for the current bullish trend; holding this level is crucial for any continuation to the upside. 200-Day Moving Average: Bitcoin is currently trading above this dynamic support, reinforcing bullish bias if it continues to hold. Trendline Resistance Above: A descending trendline acts as minor resistance. Breaking this would signify a structural shift and the start of a new bullish leg. Bullish Market Structure Since $74,000: Price continues to print higher highs and higher lows. As long as this pattern holds, the trend remains intact. “Power of Three” Accumulation Structure: Price appears to be forming an accumulation-manipulation-distribution phase. Reclaiming the channel confirms the bullish reversal. Failed Auction Possibility: If price reclaims the channel after manipulation, a failed auction scenario is confirmed, greatly increasing the odds of a move to $116,000. BTCUSDT (4H) Chart, Source: TradingView From a market context perspective, the rejection from the channel high and subsequent retracement toward the channel low are technically expected. Price inside a well-defined channel often oscillates between its boundaries before breaking in the dominant direction. The rejection at $111,900 aligned with the channel’s resistance, while the current stalling at $104,300 has already produced a strong bullish candle, signaling that buyers are defending this level. This type of impulsive bounce from support suggests a short-term sentiment shift. Structurally, Bitcoin is trading back within its established bullish channel, implying the previous breakout may have been an early expansion or overextension. The current retest can be seen as a healthy reset before continuation. You might also like: Crypto Fight Night ONCHAIN ignites the ring at Philippine Blockchain Week 2025 Of particular importance is the 200-day moving average now sitting just below the price. Historically, this level has acted as long-term support during major bull trends. A close and consolidation above it typically signals that the broader uptrend remains in place. As long as BTC holds this level, it projects long-term strength. BTCUSDT (4H) Chart, Source: TradingView Beyond surface-level technicals, there is growing interest in a possible “Power of Three” pattern. This accumulation framework includes three phases: Accumulation – where price consolidates in a range Manipulation – where price breaks below key support, shaking out weak hands Distribution – a powerful rally following the fakeout In this context, the drop below the channel low may represent manipulation. A reclaim of the channel would confirm a failed auction, a classic deviation followed by strong continuation. If this pattern holds, the move to $116,000 could unfold rapidly, aligning with Fibonacci extensions and the measured move from the channel range. BTCUSDT (6H) Chart, Source: TradingView Bitcoin’s broader structure remains technically bullish. Since forming a major swing low at $74,000, the asset has consistently printed higher highs and higher lows. The current correction fits within that structure and could represent a new higher low. Only a clean break below $104,300 on high volume would challenge this thesis. You might also like: Blockchain firm BTCS Inc. buys 1,000 ETH via Crypto.com Volume remains telling. While it spiked during the drop, it has stayed elevated during the defense of $104,300, evidence that demand is present at support. Sustained buying pressure at this level could set the stage for the next upward rotation. What to expect in the coming price action As long as Bitcoin holds above $104,300 and remains above the 200-day moving average, the bullish market structure is intact. A reclaim of the channel followed by a break of trendline resistance would confirm the next bullish phase. Expect a rotation toward $111,900, followed by a measured extension toward $116,000. If this plays out, Bitcoin would validate the Power of Three structure and confirm that the recent breakdown was a deviation, fueling a failed auction rally toward new highs. Read more: 2025’s explosive ANTS: Bubble or retail investors’ golden ticket?
The leading digital asset has tumbled from its recent all-time high, even as retail and institutional investment reach record levels. Record Crowds at Bitcoin Event, But Price Remains Stuck Below $105K More than 35,000 of the Bitcoin faithful flocked to Sin City and packed the Venetian Resort in record numbers last week. But on the
In the past few days, Ethereum has been struggling below the $2,600 price level after the general crypto market took a bearish hit, halting its recent upward trend. While ETH’s price has faced notable bearish movements, there is still a possibility that the altcoin could rally in the upcoming weeks as a key bullish pattern emerges. A Possible Rebound Emerging For Ethereum Ethereum’s upward performance has weakened due to a bearish shift in the crypto market, causing many major digital assets to retrace. Despite this price action, Crypto Bullet, a technical expert and investor, has outlined a setup that hints at a possible rebound toward higher levels in the short term. Following his analyses of the 1-month chart, Crypto Bullet highlighted that ETH closed the month of May on a bullish note. In addition to the monthly close, the altcoin has formed a beautiful Morning Star Candlestick formation, suggesting growing upside momentum. A Morning Star Candlestick formation is a technical pattern that suggests a potential shift from a bearish trend to a bullish trend, making it a reversal pattern. When the market is in a dire downward trend, the morning star candlestick pattern is regarded as a sign of hope for a positive run . The emergence of this key chart setup suggests that the altcoin may be gearing up for another upswing, despite the mixed sentiment in the broader crypto market. With technical indicators hinting at a shift toward the upside trajectory, the anticipated rally might reignite a bull market phase for Ethereum. According to the crypto analyst, ETH is currently facing tough resistance as prices struggle to regain upward strength. However, the altcoin recently broke past the $2,500 price level, which Crypto Bullet considers a key resistance range. Prior to the breakout , the expert predicted that a notable rally could follow, pushing ETH to the $3,300 mark in the upcoming weeks. Since Ethereum has slightly surpassed $2,500 at the time of writing, this implies that the anticipated journey to $3,300 and beyond might have begun. Major ETH Investors Are Returning To The Market Despite facing bearish performance, investors’ sentiment toward ETH has remained strong, particularly on Binance, the world’s largest crypto exchange. On-chain expert and author Darkfost reported that Ethereum whales are back on the crypto exchange. Darkfost identified the shift after examining the ETH Average Order Size on Binance, a metric that provides a real-time picture of Ethereum’s sentiment and momentum on the platform. This is measured by combining important market data on spot and futures activity, cumulative volumes, and a comparison of moving averages. ETH whale orders on Binance have been rising since May 19, representing a very encouraging signal and conviction among large investors. The last time this indicator was illuminated in this manner was in December 2023, just before ETH’s strong rise from $2,200 to $4,000. While the indicator has lit up, Darkfost highlighted that whales are not always attempting to catch the exact bottom; rather, they often position themselves early when a macro trend starts to show indications of strength.
Metaplanet's $117M addition to its Bitcoin reserves revived the cryptocurrency's Open interest.
Summary Bitcoin begins June near $105,500 after May’s 11% close. Golden ratio and 100 EMA near $105,800 cap early gains. Breakout above $107,000 may confirm bullish continuation. Editor's note: Seeking Alpha is proud to welcome Traders Union as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » By Sholanke Dele Bitcoin ( BTC-USD ) began Monday’s European session by staging a mild rebound at $105,500, after last week’s 5.5% drop from $109,000 to $103,200. That retracement pulled the price below the 0.786 Fibonacci level of the rally that ended at the all-time high of $112,000, signalling profit-taking into month-end. Despite the late-May weakness, Bitcoin still closed the month with an 11% gain, building on April’s 14% rise. That two-month strength suggests the broader bullish structure is still valid, but recent developments now place heavy emphasis on reclaiming critical resistance zones to sustain upward momentum. BTC price dynamics (April - May 2025). Source: TradingView The price rebounded from $103,200 over the weekend, reclaiming the 0.786 Fibonacci level. But today’s Asian session selloff found resistance near $105,800, a level that coincides with both the 0.618 Fibonacci retracement, commonly known as the golden ratio, and the 100 EMA on the 4-hour chart. This confluence marks the most immediate barrier for bulls. Bitcoin rally depends on clearing $106,000 and invalidating the EMA death cross As the European session opens, Bitcoin attempts another retest of this resistance zone. But the upside remains constrained by the bearish crossover structure on the 4-hour chart, where the 20 EMA crossed below both the 50 and 100 EMA following last week’s slide. Although the 20 EMA has been reclaimed at $105,350, the 50 EMA at $106,000 is the next hurdle before further upside can be considered. Momentum also reflects indecision. The RSI holds around 50, indicating neither overbought nor oversold conditions. This supports the idea of a key inflection point, where the next move will depend on whether price breaks above the golden ratio or slips back toward support. If bulls fail to reclaim the $106,000 to $107,000 resistance band, downside could revisit the previous week’s low at $103,200. A break above $107,000, however, would likely confirm a broader bullish continuation for early June. Bitcoin price dropped to $104,750 and tested the key Fibonacci zone before rebounding . A death cross on the 4-hour chart increased the risk of further decline. This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
The XAUt0 token will compete with other gold-backed stablecoins and traditional gold investment instruments.
Tether’s gold-backed token is live in a TON-based version with the ticker XAUt0. The asset aims to offer an inflation-proof tool in an easily accessible on-chain form. Tether, Inc. announced the expansion of its gold-backed token to the TON blockchain. The new asset will run on TON with the ticker XAUt0, offering exposure to gold in a convenient on-chain form. Tether’s gold-backed token is the next asset to benefit from the long-running partnership with TON. The chain is one of the few to carry a native version of USDT, offering convenience and liquidity. The inflow of gold-backed tokens will further grow the TON ecosystem. Following the news, TON recovered to $3.20 following an incident with a short-term network outage . USDT0, the cross-chain protocol for different stablecoins and asset-backed tokens, will launch the gold-backed token on TON. The protocol announced the details through its X profile. Built on @LayerZero_Core ’s Omnichain Fungible Token (OFT) standard, just like USDT0, XAUt0 allows users to seamlessly and securely move their gold between chains while ensuring full 1:1 backing via XAUt’s physical holdings. The first deployment of XAUt0 will take place on… — USDT0 (@USDT0_to) June 2, 2025 The deployment to TON is part of the USDT0 multi-chain expansion for tokenized precious metals. The TON version will represent the same ownership of one troy ounce of gold, certified by the London Bullion Market Association. The on-chain asset will also differ from other forms of simple tokenized gold present on a single chain. The new standard for XAUt0 tokens will run on LayerZero’s Omnichain standard. This will allow users to move tokens seamlessly between chains, ensuring full 1:1 backing and no price disparities. Tether’s gold token currently has its largest markets on Bybit and HTX, with volumes ranging between $3M and $6M daily. The asset has relatively low activity due to its high price but has reflected the demand on spot gold markets. The launch arrived at a time when spot gold traded at $3,379.99, up 39.95% for the past year. Tether’s gold token XAUT taps demand for tokenized precious metals The original XAUT tokens by Tether first appeared in 2020, in time to tap one of the significant rallies of physical gold. The tokens allow for fractional ownership as well as physical delivery to a Swiss address. TON already carries over 928M USDT tokens, retaining its native usage ahead of other L1 and L2 chains. The addition of tokenized gold boosts the chain’s total value locked and may increase trading opportunities. Tether’s XAUT climbed relentlessly in the past year, tracking the growing demand for anti-inflationary assets. | Source: Coingecko The addition arrives as Telegram’s network aims to become more compliant and tap the US investor market. The XAUt0 coins and tokens are transferable to other chains, with automated mint and burn during bridging. The assets can also be used as DeFi collateral or held as exposure to spot gold. For now, gold-backed tokens remain pseudonymous and borderless, though the physical gold may be subject to limitations. XAUT is backed by 7.7 tons of physical gold, based on Tether’s latest attestation. Tokenized precious metals total about $2.1B for various types of assets. Tokenized gold aims to resemble the crypto ethos for hard money while also tapping the recent speculative interest in gold. BTC and gold retained their positive correlation in 2025 after breaking the connection in 2024. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More