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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
Trending Coins🔥 $YBDBD $LAUNCHCOIN $SPX $MIRAI $ANIME
#FearGreedIndex# #TopGainers#
- #May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
Ethereum Holds Mid-Term Structure as $2,800 Becomes Key Level to Unlock $4,000 Rally
Ethereum ETFs see $800M in inflows as ETHA leads with $3.7B AUM, despite recent price decline.
ETH forms a bullish flag pattern; a confirmed breakout could target $4,097 in the mid-term.
Reclaiming $2,800 may trigger a rally toward $4,000, supported by golden crossover and rising dominance.
Ethereum continues to trade within a defined range as analysts monitor a possible mid-term setup that could trigger the next major move. The current structure suggests that after a successful rally from recent lows, ETH may now be retesting key support before another potential breakout toward the $4,000 resistance area.
Institutional Inflows and ETF Momentum Strengthen Ethereum’s Outlook
According to Nate Geraci, President of The ETF Store, Ethereum spot ETFs have recorded net inflows for 14 consecutive trading days. These inflows have totaled over $800 million, with BlackRock’s ETHA fund leading the market
ETHA alone has gathered $3.7 billion in assets and saw $34.7 million in single-day inflows, showing strong institutional interest. This trend is reinforced by SoSoValue data, which confirms over $9.4 billion in total assets under Ethereum ETFs
These flows suggest consistent accumulation, even as ETH’s price has declined by nearly 6% over the past two weeks. The support from traditional finance, particularly for Ethereum’s role in asset tokenization, continues to drive long-term interest in the network.
Technical Patterns Show Breakout Potential After Retest
According to analysis prepared by Crypto General, Ethereum has entered the second phase of a mid-term bullish cycle. The ETH/USD daily chart shows a bullish flag pattern forming after a surge to $2,743 in May. This formation, if confirmed, could result in a breakout targeting around $4,097.
Source: CryptoGeneral(X)
Other technical signals also support the potential for a continuation. A golden crossover has appeared, as the 50-day and 200-day Weighted Moving Averages have intersected. Historically, this crossover has resulted in price surges. Meanwhile, ETH dominance has grown to 9.3%, and its RSI suggests hidden bullish divergence.
Source: AmeliaLisa(X)
As per Amelia Lisa’s observation on X, reclaiming the $2,800 level may open the door to $4,000. The mid-term structure remains intact, and analysts suggest another upward push is possible once the current retest completes.
The post Ethereum Holds Mid-Term Structure as $2,800 Becomes Key Level to Unlock $4,000 Rally appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.