- Ethereum ETF holdings hit an ATH as institutional inflows surge.
- SPX6900 cools after 230% rally, holds key $1.30 make stronger diploma.
- XRP remains bullish despite the US SEC case lengthen to August 15.
Ethereum, XRP, and SPX6900 are transferring in rather a lot of however equally distinguished directions this week, revealing distinguished traits across the crypto market.
The market is exhibiting indicators of rotation, and investor attention is readily transferring amongst top altcoins as new narratives unfold.
While institutional accumulation pushes Ethereum ETFs to an all-time excessive in on-chain holdings, SPX6900 takes a breather after a parabolic rally, and XRP sustains a bullish tone despite ongoing excellent hurdles.
Ethereum ETFs reach document on-chain holdings
Institutional curiosity in Ethereum has sharply intensified, propelling ETF-related on-chain ETH holdings to their perfect levels in history.
Most recent CryptoQuant files reveals that Ethereum ETFs now protect shut to 4 million ETH, with BlackRock main a wave of accumulation that has accelerated at some level of June.
Particularly, the ETFs fetch viewed solid accumulation momentum even because the worth of Ethereum (ETH) remains largely flat across the $2,500 designate.
The spike in inflows, in particular from BlackRock and Grayscale, as depicted by Coinglass files, confirms that wide funds are positioning early for a likely ETH rally.
This surge in institutional buying for comes amid rising optimism in Ethereum’s broader ecosystem, supported by increased activity in DeFi and rising stablecoin volumes.
The aggressive accumulation extra aligns with diminishing alternate reserves and rising staking levels, suggesting that the market is preparing for reduced ETH liquidity and that you would imagine upward ticket strain.
Particularly, the inflows into Ethereum ETFs fetch surpassed Bitcoin ETFs over most modern weeks, marking a distinguished shift in investor sentiment.
As inflows proceed to dominate day-to-day activity, Ethereum can also presumably be surroundings the tone for the following wave of altcoin momentum.
SPX6900 cools down after explosive switch
Within the intervening time, SPX6900 has cooled off after an unparalleled 230% rally that played out between Can even and mid-June.
The altcoin’s parabolic switch took it from $0.50 to virtually retest its all-time excessive of $1.77 earlier than shedding steam around $1.70.
The rally, which used to be on the starting up brought on by a golden noxious on Can even 6, followed a textbook parabolic construction with four accelerating legs and shallow pullbacks.
Nonetheless, a pointy decline in commence curiosity and build aside outflows of over $6.4 million on June 14 indicated a decisive shift in sentiment.
Even supposing the correction has been intense, technical indicators suggest that SPX6900 is entering a wholesome consolidation allotment in dwelling of a stout breakdown.
The RSI has cooled from an overheated 75 to around 40, and the MACD has flipped bearish, signalling that momentum is resetting.
Currently trading around $1.39, SPX6900 is keeping key make stronger at $1.30. A rebound from this diploma can also watch the token test $1.50 as soon as more, with a likely retarget of $1.71 if volume returns and sentiment stabilises.
XRP remains resilient despite excellent delays
While Ethereum and SPX6900 shift gears, XRP continues to design bullish curiosity at the same time as its excellent battle with the SEC drags on.
Particularly, a joint demand from Ripple and the SEC to conclude appeals till August 15 has now now not dampened optimism available within the market.
#XRPCommunity #SECGov v. #Ripple #XRP In light of the pending motion for an indicative ruling, the events fetch requested that the 2d Circuit proceed to protect the appeals in abeyance, with the @SECGov to file a standing document by August 15, 2025.https://t.co/7oQvL5Rx7U
— James Okay. Filan 🇺🇸🇮🇪 (@FilanLaw) June 17, 2025
The requested conclude is tied to a pending ruling within the Southern District of Recent York concerning a $125 million escrow and the SEC’s demand for a $50 million penalty.
Even supposing the case remains unresolved, XRP derivatives present an explanation for that traders are staying assured.
Open Interest in XRP has climbed above $4 billion, and the definite funding rate suggests that leveraged lengthy positions remain in play.
Even supposing lengthy liquidations fetch a piece of outpaced shorts within the last 24 hours, the market bias remains bullish.
From a technical standpoint, XRP now now not too lengthy within the past bounced off the 200-day EMA and is now attempting to reclaim better levels across the 50-day and 100-day EMAs reach $2.24.
If the worth manages to shut above these boundaries, it will probably also test resistance reach $2.33, a diploma aligned with a trendline connecting the 365 days’s previous peaks.
Despite the indecisive RSI reach 49, MACD indicators are leaning bullish, offering indicators of a likely upside continuation if momentum follows by.
