Every dog has its day — woof woof $ETH pic.twitter.com/C84UeX3YUF

— Peter Brandt (@PeterLBrandt) June 9, 2025

Symmetrical Triangle and Bull Flag Signals

The symmetrical triangle does not provide a clear directional bias. However, considering the 50% surge between May 8-13, this formation is turning into a bull flag. A bull flag predicts the continuation of an uptrend. Brandt’s chart emphasizes that Ethereum’s tightening price structure is ready to explode. 

Whales and Institutions’ Interest in ETH

Major institutions like BlackRock have started to recognize ETH’s potential. Whales are also turning to ETH amid recent market turbulence. Although Brandt was previously cautious about Ethereum, he now states that the long-term consolidation pattern could trigger a significant rally. In particular, his statement, “This consolidation pattern could support a moonshot,” is drawing investors’ attention. 

If Peter Brandt’s bull flag pattern materializes, a decisive daily candlestick close above the flag’s upper trendline will be required. This move would confirm a bullish breakout, with the target calculated by adding the length of the rally before the flag to the flag’s base. According to Peter Brandt’s hints, the theoretical Ethereum price target would be $3,611. 

On the other hand, on June 6, nine spot Ethereum ETFs saw a net inflow of 6,819 ETH ($17.3 million). BlackRock’s iShares ETF (IBIT) recorded the largest inflow with 6,356 ETH ($16.13 million), holding a total of 1,513,131 ETH ($4 billion). However, the Invesco Galaxy Ethereum ETF experienced an outflow of 543 ETH. Grayscale Ethereum Trust and Ethereum Mini Trust lost 78 ETH and 2 ETH, respectively. Other ETFs recorded zero inflows. 

What Does Technical Analysis Say?

Ethereum (ETH) appears poised to finally break out of the bearish FVG zone it has been stuck in for days. If the daily close occurs above this zone, a strong rally toward $3,000 could begin after a retest. Today’s close is critical in this regard! However, if the level is not broken, the price will remain trapped in this zone, and up-and-down fluctuations will continue. Sharp moves could be seen this week; it’s worth paying attention to the close and volume. 

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The post Peter Brandt’s ETH Bombshell: Technical Analysis and Targets!  appeared first on Coin Engineer.

According to the White House, both nations agreed to lower their respective tariffs by 24%, bringing them down to 10%, starting May 14. Speaking at a press conference in Geneva, US Treasury Secretary Scott Bessent emphasized that neither side wants to pursue further economic decoupling.

Bitcoin Nears Record High as Risk Sentiment Improves

Aurelie Barthere, principal research analyst at crypto intelligence firm Nansen, noted that the easing of trade tensions removes the risk of a “sudden re-escalation,” making room for risk assets to catch up with Bitcoin’s gains.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

“Bitcoin is already trading within 4.8% of its all-time high of $109,800,” she said. “With this trade breakthrough, altcoins, US equities, and the Dollar Index (DXY) are now well-positioned for a rebound.”

Barthere also pointed out that Bitcoin has outperformed traditional risk assets recently due to its independence from tariff-related vulnerabilities.

Tax Cuts Could Fuel Second Wave of Rally

Another major catalyst may be on the horizon. Bessent hinted that a tax relief package could be unveiled by mid-July. According to Barthere, this package would need to go beyond extending expiring cuts — it must also include new income and corporate tax reductions to sustain the rally.

Paired with emerging bull flag patterns on the weekly chart, analysts are already forecasting a potential surge in Bitcoin price towards $150,000, should all elements align.

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The post Is a Rise Coming for Bitcoin and Altcoins? appeared first on Coin Engineer.

Since December 3, XRP has been in a correction phase, losing 25% of its value from its multi-year high of $2.90. Simultaneously, XRP’s market capitalization decreased by 8%, dropping to $133 billion and falling below Tether USD (USDT), making it the fourth-largest cryptocurrency by market cap.

Reasons Behind XRP’s Decline

Despite its recent losses, XRP outperformed Bitcoin in November, rallying 354% between November 1 and December 5. During the same period, BTC only recorded a 45.5% increase. XRP’s BTC pair reached a 3.5-year high of 0.00003012 on December 3, driven by heightened network activity and positive market sentiment.

However, by December 5, this ratio had dropped to 0.00002334, erasing all gains made between December 1 and December 3. Interestingly, this decline coincided with Bitcoin smashing through the highly anticipated $100,000 mark.

Additionally, $12.8 million worth of long XRP positions were liquidated on December 5, compared to just $7 million in short liquidations, according to CoinGlass. These liquidations likely added further downward pressure on XRP’s price.

Technical Outlook: Bullish Formation Intact

On the 4-hour chart, XRP has formed a bull flag pattern, a bullish continuation setup that occurs when the price consolidates in a downward-sloping range following a sharp uptrend.

If XRP closes decisively above the upper trendline of the flag at $2.37, the price could rise by the height of the prior uptrend. This move would set XRP’s target at $4.83, a potential new all-time high.

Risks and Support Levels

The Relative Strength Index (RSI) has dropped from overbought territory at 82 on December 3 to 52 on December 5. If the RSI continues its downward trajectory, it could increase the likelihood of a deeper correction.

A pullback from $2.37 might lead to a retest of the flag’s lower trendline at $2.05, which aligns with the 50-period Simple Moving Average (SMA). Below this, the next critical support level lies at $1.68, near the 100 SMA.

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The post XRP Drops 13% Despite Bitcoin Surging to $100K appeared first on Coin Engineer.