- Ethereum ETF holdings hit an ATH as institutional inflows surge.
- SPX6900 cools after 230% rally, holds key $1.30 assist degree.
- XRP stays bullish regardless of the US SEC case delay to August 15.
Ethereum, XRP, and SPX6900 are shifting in several however equally important instructions this week, revealing main developments throughout the crypto market.
The market is exhibiting indicators of rotation, and investor consideration is shortly shifting amongst prime altcoins as new narratives unfold.
Whereas 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 regardless of ongoing authorized hurdles.
Ethereum ETFs attain document on-chain holdings
Institutional curiosity in Ethereum has sharply intensified, propelling ETF-related on-chain ETH holdings to their highest ranges in historical past.
Current CryptoQuant data exhibits that Ethereum ETFs now retain near 4 million ETH, with BlackRock main a wave of accumulation that has accelerated all through June.
Notably, the ETFs have seen robust accumulation momentum at the same time as the worth of Ethereum (ETH) stays largely flat across the $2,500 mark.
The spike in inflows, notably from BlackRock and Grayscale, as depicted by Coinglass data, confirms that giant funds are positioning early for a possible ETH rally.
This surge in institutional shopping for comes amid rising optimism in Ethereum’s broader ecosystem, supported by elevated exercise in DeFi and rising stablecoin volumes.
The aggressive accumulation additional aligns with diminishing trade reserves and rising staking ranges, suggesting that the market is getting ready for diminished ETH liquidity and doable upward value strain.
Notably, the inflows into Ethereum ETFs have surpassed Bitcoin ETFs over latest weeks, marking a big shift in investor sentiment.
As inflows proceed to dominate each day exercise, Ethereum could also be setting the tone for the following wave of altcoin momentum.
SPX6900 cools down after explosive transfer
In the meantime, SPX6900 has cooled off after a rare 230% rally that performed out between Could and mid-June.
The altcoin’s parabolic transfer took it from $0.50 to just about retest its all-time excessive of $1.77 earlier than dropping steam round $1.70.
The rally, which was initially triggered by a golden cross on Could 6, adopted a textbook parabolic construction with 4 accelerating legs and shallow pullbacks.
Nevertheless, a pointy decline in open curiosity and spot outflows of over $6.4 million on June 14 indicated a decisive shift in sentiment.
Though the correction has been intense, technical indicators recommend that SPX6900 is coming into a wholesome consolidation section relatively than a full breakdown.
The RSI has cooled from an overheated 75 to round 40, and the MACD has flipped bearish, signalling that momentum is resetting.
At the moment buying and selling round $1.39, SPX6900 is holding key assist at $1.30. A rebound from this degree may see the token take a look at $1.50 once more, with a possible retarget of $1.71 if quantity returns and sentiment stabilises.
XRP stays resilient regardless of authorized delays
Whereas Ethereum and SPX6900 shift gears, XRP continues to draw bullish curiosity at the same time as its authorized battle with the SEC drags on.
Notably, a joint request from Ripple and the SEC to pause appeals till August 15 has not dampened optimism available in the market.
#XRPCommunity #SECGov v. #Ripple #XRP In mild of the pending movement for an indicative ruling, the events have requested that the Second Circuit proceed to carry the appeals in abeyance, with the @SECGov to file a standing report by August 15, 2025.https://t.co/7oQvL5Rx7U
— James Okay. Filan 🇺🇸🇮🇪 (@FilanLaw) June 17, 2025
The requested pause is tied to a pending ruling within the Southern District of New York relating to a $125 million escrow and the SEC’s demand for a $50 million penalty.
Though the case stays unresolved, XRP derivatives present that merchants are staying assured.
Open Interest in XRP has climbed above $4 billion, and the optimistic funding price means that leveraged lengthy positions stay in play.
Regardless that lengthy liquidations have barely outpaced shorts within the final 24 hours, the market bias stays bullish.
From a technical standpoint, XRP lately bounced off the 200-day EMA and is now trying to reclaim larger ranges across the 50-day and 100-day EMAs close to $2.24.
If the worth manages to shut above these boundaries, it may take a look at resistance close to $2.33, a degree aligned with a trendline connecting the 12 months’s earlier peaks.
Regardless of the indecisive RSI close to 49, MACD indicators are leaning bullish, providing indicators of a possible upside continuation if momentum follows by.
