This week, several institutions and venture capital firms announced purchases or investments in Solana totaling $1 billion, highlighting the token’s relevance for the wider crypto industry. GSR, Galaxy Digital, SOL Strategies, Astra Fintech, and RockawayX are behind these moves to grow the Solana ecosystem. Solana Ecosystem Gets Attention: Close to $1 Billion Captured in a […]
Ethereum (ETH) is flashing bullish signals, prompting prominent market watchers to predict a surge past the $3,000 mark as early as June.
The second-largest cryptocurrency is bucking broader market trends and raising hopes for a long-awaited altcoin season, thanks to sustained institutional inflows and positive technical indicators.
Technical Hurdles and the $3K Target
At the time of this writing, ETH was trading around $2,720, marking a modest 3.4% gain over the past 24 hours. The performance extended a broader uptrend, with the asset up 3.7% in the last seven days, 7.6% over two weeks, and just under 50% in the past month.
This resilience has been in stark contrast to the global crypto market, which is down 2% in the last week, and Bitcoin (BTC), which momentarily dipped below $108,000 days after hitting its third all-time high (ATH) this cycle, amid recent market softness.
While ETH’s ability to climb when its peers stalled highlights its current relative strength, analysts believe the immediate technical battle lies overhead. “Big resistance at $2.8K for now, which will be a tough level to break through quickly,” noted Daan Crypto Trades in a post on X.
The cryptocurrency tested the $2,700 level twice this week before finally decisively pushing above it earlier today. Analyst Michaël van de Poppe sees this as a critical indicator:
“Ethereum above $2,700 is a great sign. I think we’ll see $3,000+ in June,” he posted.
Market Sentiment Points to Breakout
Beyond price action, institutional demand is also turning into a handy bedrock support for ETH. BlackRock’s spot Ethereum ETF (ETHA) is one of the best examples of this, scooping up over $32 million worth of the crypto asset on May 27. The fund has seen 13 consecutive trading days of inflows, accumulating about $170 million last week to push its total to $4.4 billion.
“ETH Spot Premium also still solid,” observed Daan Crypto Trades. “It doesn’t have as many ETF inflows as BTC does but relative to its market cap doesn’t need nearly as much to keep the move going.”
Furthermore, as reported by CoinDesk, firms like QCP Capital have described the market backdrop as a “Goldilocks zone,” with the easing of yields on long-dated U.S. and Japanese bonds calming investor nerves to create a potentially favorable environment for risk assets like crypto.
The $2,800 resistance may present a near-term hurdle, but the confluence of persistent institutional buying, improving technical structure, and positive on-chain sentiment, married to a conducive macro environment, has analysts increasingly confident ETH can hit $3,000 next month.
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XRP may be on the verge of a major upside breakout—but only after what crypto analyst Quantum Ascent describes as a necessary and temporary correction. In a new video analysis published on May 28, the seasoned trader warned that a drop toward the $2.13 level appears increasingly likely, but emphasized that such a move fits within a larger bullish Elliott Wave structure and would not invalidate the macro setup.
XRP Set To Plunge Before Exploding Higher?
“I said $2.71 was on deck—and we hit $2.66,” Quantum Ascent recalled, referencing a prediction made earlier in May. “I was five cents off. But now, it looks like we’re in a bit of a correction. I’m a little thrown off by the wave count here.”
The confusion, he explained, stems from the structure of what appears to be a completed five-wave move. While the third wave in an Elliott Wave pattern is typically the longest, the analyst noted inconsistencies in the current formation that warrant a deeper technical review. Still, the overall structure—particularly on the weekly chart—remains intact.
XRP price analysis | Source: X @quantum_ascend
“You can see one-two-three-four-five on the weekly,” he said. “That’s printing a macro one-two. And the third wave should get us going here out of this area.”
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Zooming into the 12-hour and daily timeframes, Quantum Ascent pointed to an ABC corrective pattern now likely unfolding, with the C wave projected to equal the A wave in length. According to his measurement, this points to a downside target of $2.12–$2.13, which aligns with the 0.5 Fibonacci retracement level drawn from the previous impulse wave and also coincides with the fourth wave of the prior move—often a zone of strong support.
“For me, that looks really good as a spot for us to kind of chill out. Maybe consolidate sideways a little bit,” he said. “But I do expect the next move to be up.”
He was adamant that a breakdown below $2.13 would not constitute a structural failure: “I find it really hard to think XRP’s gonna go below $2 here on this move. It could technically—and still nothing would be broken. We’re still just looking for a one-two, and the two could come down here if it wanted.”
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Quantum Ascent also highlighted XRP’s comparative strength relative to the broader crypto market, noting that it had recently set a higher high earlier than most altcoins. “Structurally on the larger time frame, XRP is holding up a lot stronger than the rest of the market.”
The analyst, who disclosed that he originally bought XRP around $0.50 and sold a large portion above $3, said he remains long-term bullish and continues to hold XRP as a core part of his portfolio. “This thing has been good to me,” he said. “Again, I see a drop down temporarily—but it’s just that. It’s temporary.”
For now, all eyes remain on the $2.13 level. If XRP holds that zone and confirms support, Quantum Ascent believes a new bullish wave 4 could soon begin—one that takes the token above the $2.80 mark.
Bitget Wallet, a non-custodial crypto wallet, has partnered with payments platform Coinpal to make it easier for users to spend digital assets across a wide range of online retailers.
The move connects Bitget Wallet users to over 6,000 merchants already working with Coinpal, which include businesses in gaming, electronics, fashion and software.
This partnership also brings Coinpal in as a channel partner for Paydify, Bitget Wallet’s decentralized payments infrastructure. Paydify enables crypto payments through QR codes and APIs, settling transactions in stablecoins instantly. The system aims to simplify crypto acceptance for merchants.
Bitget Wallet’s latest tools are part of a broader push to make crypto usable beyond speculation. Users can now pay via a ‘Scan to Pay’ feature and upcoming updates will allow integration with Solana Pay and national QR code systems in select countries — converting crypto to local currencies automatically and at low cost.
“Our work with Coinpal makes crypto payments more accessible,” said Bitget Wallet COO Alvin Kan. “We’re building tools that help people spend their assets in the real world.”
Bitget Wallet plans to expand this payment system into physical retail settings to further grow its ecosystem.