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Crypto
Ethereum hits 14-week low as U.S. demand weakens and ETF outflows mount
Ethereum slid to the $1,800 area, with the market watching whether it can hold the key support zone. Cointelegraph reported it fell as low as $1,814 on June 3, the lowest in 14 weeks. Analysts cited weakening technical structure and an RSI at 25. Traders warned a break of $1,800 could open a move below $1,700 or toward $1,600, while on-chain data showed relatively weak demand between $1,800 and $1,250.
Crypto
Ethereum $3,000 outlook reemerges in May as market eyes three variables
A forecast has emerged that Ethereum could again test the $3,000 level in May. Technical indicators and on-chain data suggest further upside despite an 8 percent pullback from a 10-week high around $2,460, Cointelegraph reported. Investors are watching a bull-flag pattern and a potential breakout above $2,350, support around $2,000, and spot-market buying dominance flagged by CryptoQuant data. Key levels include $2,350 and $2,400.
Crypto
Bitcoin buying clusters in $60,000 to $70,000 range, confirming dip buying
About 844,275 bitcoin have been newly accumulated this year in the $60,000 to $70,000 price range, bringing the amount last moved on-chain at those levels to 1,845,766 bitcoin, data showed. That totals about 9.23 percent of circulating supply, suggesting holders may be reluctant to sell below that range. Trading traces in the $70,000 to $80,000 band were much thinner, at about 400,000 bitcoin.
