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.

Bearish Signals Strengthen for XRP 

On the daily chart, XRP is forming a bearish symmetrical triangle pattern. This suggests a potential 40% drop to $1.25. Additionally, transaction volume on the network is declining. 

Volatility Ahead of Fed Meeting 

Ahead of the Fed’s interest rate decisions, XRP faces a $55 million liquidation risk. Open interest has decreased by $500 million, falling to $3.8 billion, indicating shaken investor confidence. The XRP/BTC ratio is also at a three-week low, showing weakness against Bitcoin. 

Foreign Analysts’ Predictions 

Bank of America predicts XRP could reach $15 by 2030. However, in the short term, Bybit data reveals that $8 million in long position liquidations is fueling selling pressure. CryptoQuant notes that the MACD indicator has turned negative, but the 45% RSI level offers a slight chance of recovery. 

• Kraken analyst James points out that the MACD has turned negative, but the Bollinger Bands are narrowing. This suggests potential increased volatility. 
• A break below a support level (e.g., closing below $2.00 USD) could trigger a move toward the next support levels ($1.96 or $1.77 USD). 
• A breakout above resistance levels (e.g., $2.20 or $2.48 USD) could initiate a new uptrend. A breakout supported by volume increases the reliability of the move. 

Analysts predict that, thanks to Ripple’s technological infrastructure and institutional adoption, Ripple could test the $3.00–$4.00 USD range by the end of 2025. While XRP faces short-term pressure, it holds long-term potential. Closely monitoring the market is crucial. 

***NOT INVESTMENT ADVICE ***

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The post XRP Price Faces Downside Risk: What Are Analysts Saying? appeared first on Coin Engineer.

Following the news, XRP’s price surged over 20%, breaking above the crucial $0.60 level. Technical analysis suggests that XRP is poised for a potential breakout from a long-term symmetrical triangle pattern.

XRP Price Analysis

A symmetrical triangle pattern has formed on XRP’s weekly chart, suggesting a period of consolidation before a significant price move. The recent bounce off the support trendline of the triangle, coupled with bullish candlestick patterns and positive RSI and MACD readings, indicates a potential upward breakout.

If XRP successfully breaks out of the triangle, price targets of $0.95 to $1.02 are possible based on both wave count analysis and the height of the triangle itself.

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The post XRP Rallies 20% After SEC Legal Victory: Potential Breakout Ahead appeared first on Coin Engineer.