The price of Ethereum anticipates a bullish breakthrough as ETF inflows increase and whales amass $10M in ETH. This is the next step.
The cryptocurrency market’s trajectory is gradually turning optimistic, and the price of Ethereum is also looking to rise as whale engagement increases. Increased inflows into ETH exchange-traded funds are also visible through on-chain activity. Now, just the $10 million worth of tokens purchased by a group of investors show growing bullishness, but would the price respond? Let’s talk.
Ethereum whales buy $10M ETH, price to react?
The cryptocurrency market has responded bullishly, settling today as investor anxiety over the Israel-Iran conflict fades. The price of Ethereum is remains below par, though, at $2.4k. Notably, this is taking place in the midst of intense network activity and demand, particularly when Ethereum whales purchase $10 million worth of ETH in a matter of hours.
According to a Lookonchain X article, SharpLink Gaming bought 1,989 Ethereum today for $4.82 million. This is a component of the platform’s recently disclosed acquisition of 188,478 ($473.6M) tokens. Furthermore, 0x1fc7, another ETH whale, purchased 1,888 ETH ($4.56M), raising the total to almost $10M in a matter of hours.
Whales and institutions are still buying $ETH!
SharpLink Gaming, which previously announced a purchase of 188,478 $ETH($473.6M) at $2,513, bought another 1,989 $ETH($4.82M) via OTC 5 hours ago.
Meanwhile, whale 0x1fc7, who bought and staked 3,201 $ETH($8.1M) a week ago, bought… pic.twitter.com/nwzSsFyRfA
— Lookonchain (@lookonchain) June 28, 2025
Notably, according to CryptoQuant data, the actual accumulation is much higher, having just reached an all-time high. Such whale involvement is typically bullish, but the price of ETH frequently does not respond.
The price is still low at the time of writing because there are no other noteworthy turning points or catalysts besides inflows. It might, however, reach new heights once the momentum increases.
Ethereum upside move depends on $3K resistance
With a market valuation of $293.06 billion and a current price of $2,427, Ethereum is undervalued in the market despite ETF inflows and whale purchasing. Ethereum is having trouble breaking over the $3,000 resistance after a week-long stabilization and an almost 31% drop in Q2 of 2025.
Nevertheless, investors’ long-term forecasts for the price of Ethereum are still optimistic, with many expecting it to reach the $10,000 milestone. Every cycle, including this one, ETH retested the bottom channel, according to cryptocurrency expert Ted.
His analysis indicates that this retest resulted in a 50x rally in 2021 and a 400x surge in 2017. He added that the price of ETH would reach $10,000 even if a 6x occurred during this cycle.
Coinbase custodies 81% of $140B in crypto ETFs, Brian Armstrong reveals
With 81% of the crypto ETF custody market, Coinbase gets institutional trust as its stock reaches a four-year high.
In a recent update, CEO Brian Armstrong disclosed that Coinbase has taken a huge lead in cryptocurrency custody. Over 81% of the $140 billion in cryptocurrency assets held in US-based ETFs are currently under Coinbase’s custody, according to Armstrong. For organizations and asset managers searching for safe storage options, this is a significant indication of trust.
Coinbase strengthens institutional grip as ETF filings and corporate adoption rise
Additionally, Armstrong said that Coinbase Prime is used by eight of the top ten publicly traded corporations that have Bitcoin on their balance sheets. The company’s platform for safely purchasing, selling, and storing substantial sums of cryptocurrency is called Coinbase Prime. This extensive usage demonstrates Coinbase’s solid standing with significant corporate customers.
Armstrong added that since the beginning of the year, Coinbase has been monitoring over 50 new ETF filings. This indicates that demand for cryptocurrency exchange-traded funds (ETFs) is rising quickly, and numerous new products may soon be available.
This company is at the forefront of the movement in traditional finance toward cryptocurrency, as evidenced by the rise in ETF filings. In other respects, the growing institutional interest has also helped the cryptoplatform.
Stock soars as institutional focus fuel bullish outlook
A recent Bernstein research claims that one of the main reasons for Coinbase’s commercial success is now its domination in institutional flows. The research group expressed great confidence in Coinbase’s growth strategy by raising its price objective for the company’s stock to $510.
The stock price of the corporation reached a four-year high of $375.07 on Thursday. Investors concur that the business may continue to develop in the upcoming years due to its dominant position in the institutional custody and ETF markets.
Coinbase’s dominance may grow even more when more ETFs join the market and more big businesses embrace cryptocurrencies. Coinbase has evolved significantly from its initial perception as a straightforward cryptocurrency exchange.
Nowadays, a significant portion of its business is centered on providing secure custody services and catering to big institutions. Coinbase has established itself as a crucial link between cryptocurrency and conventional finance by gaining the confidence of major businesses.
The cryptocurrency startup has previously declared its intention to provide perpetual futures that would replicate the worldwide perpetual futures market.
Shiba Inu price outlook: 24% breakout rally looms amid long bias, exchange outflows
As long positions rise and exchange outflows increase, the price of Shiba Inu anticipates a 24% breakout rebound from a falling wedge pattern.
Today, June 28, Shiba Inu (SHIB) is trading at $0.0000114, up 2.26% in a day and with daily trading volumes of $86 million. A bullish technical structure suggests that a 24% breakthrough rise in the price of Shiba Inus may be imminent. Exchange outflows indicate that some sellers are growing cautious, while long traders on OKX appear to be setting themselves up for an uptick.
Shiba Inu price targets 24% breakout rally
As bulls go for the resistance at the upper trendline of a falling wedge pattern, the price of SHIB may be poised for a 24% breakout surge. For almost two weeks, the Shiba Inu meme cryptocurrency has been unable to break through this resistance level, which is located at $0.0000119.
A sinking wedge typically signals that bulls may soon take over SHIB’s performance and that bears are ready to lose control. The falling wedge resistance at $0.0000119 might be broken shortly if today’s gains generate a slow upward trend, opening the door for a robust comeback.
If this top meme coin achieves a rally equal to the pattern’s height, the projected target price for SHIB following this wedge breakout is $0.0000148. The top of this bullish pattern, at $0.0000177, is a highly inflated bullish target.
This short-term Shiba Inu price prediction is supported by the AO indicator, which is becoming green within the negative zone, indicating a waning of bearish emotion. This will support significant gains if it persists and the indicator eventually rises above the zero line.
SHIB longs surge amid exchange outflows
As the long/short ratio hits 2.24, futures traders on the OKX platform appear to be setting up for a huge Shiba Inu price rise. This means that there is one short position for every two long ones.
In spite of the continuous price downturn, SHIB traders are optimistic about a comeback, as evidenced by the long/short ratio’s neutral level of 1. Additionally, the $131 million open interest shows that traders are hanging onto their holdings in spite of the uncertainties.
Given the good market attitude and the bullish long/short ratio, it suggests that the price of Shiba Inus may make a significant upward move. Additionally, Coinglass’s spot market data—more especially, exchange outflows—indicates that traders are holding onto their tokens and are hesitant to sell at the current price. Exchange outflows have exceeded inflows over the past seven days, indicating that SHIB is aiming for a robust rebound.
Given that the falling wedge represents the construction of a bullish technical pattern, futures and spot traders might be anticipating a recovery in the price of Shiba Inus. These indicators point to the imminence of a powerful breakout surge.
