Author: Yeek.io

Ethereum could rally as high as $3,000 in the coming weeks as bullish technicals have emerged amid retail and institutional demand. According to data from crypto.news, Ethereum (ETH) jumped 6.5% to an intraday high of $2,644 on June 3 (Asian morning hours), pushing its market cap to over $314.8 billion. It was the top performer among the 10 largest cryptocurrencies today, up nearly 86% from its year-to-date low. On the derivatives front, open interest in ETH futures has surged to $35.67 billion, nearing its all-time high and well above the $19.6 billion recorded on April 3, per CoinGlass. Further, its…

Memecoins POPCAT, WIF, and MUBARAK have each posted double-digit gains in the past 24 hours, continuing their bounces from recent pullbacks. Which one of them shows the highest bullish potential? Popcat (POPCAT) price is up 15% in the past 24 hours, currently trading around $0.42, with 24-hour trading volume surging over 80% to $70 million. After the steep pullback from $0.60, the price recently bounced from the key support level at around $0.35 and is now continuing this recovery as it tests its 20 EMA, which acts as a dynamic resistance. However, it’s important to note the recent shift in…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure While Ethereum (ETH) has posted impressive gains of 37.7% over the past month, the second-largest cryptocurrency by market capitalization still remains over 33% below its June 2024 levels. However, recent technical and on-chain indicators suggest that ETH may be on the verge of a significant breakout. Ethereum Prints Bullish Morning Star Candlestick Pattern In a post on X earlier today, crypto trader Merlijn The Trader highlighted a potentially bullish development on the Ethereum monthly chart. According to Merlijn, ETH has printed a Morning Star candlestick pattern –…

Australia has introduced new operating conditions and cash transaction limits for crypto ATM providers to curb scams and enhance anti-money laundering compliance. In a June 3 press release, the Australian Transaction Reports and Analysis Centre (AUSTRAC) stated that crypto ATM operators must now implement a cash deposit and withdrawal cap of 5,000 Australian dollars (approximately $3,250). Operators must also display scam warning messages at machines to alert users about potential fraud. In addition, ATM providers are now required to conduct more thorough customer checks and enhance their transaction monitoring for suspicious activity. “These conditions are designed to help protect individuals…

On the daily charts, Ai16Z surged up by 12.57% Ai16Z has been seeing significant demand, but spot participants are yet to turn bullish Over the last 24 hours, Ai16z registered a strong upswing on its price charts. It appreciated by 15.49% from a low of $0.2100 to a high of $0.2587, before retracing slightly. Over the same period, the memecoin’s derivatives markets all turned bullish. In fact, its total volume climbed up by 67.36%, reaching $311.29 million. Such a surge in volume is usually a sign of higher demand and interest in the memecoin. Sources: Coinglass Significantly, this demand can…

SHIB was trading at the support level of a bullish pattern and aligning with its expected technical support movement. The memecoin’s performance over the past week could potentially limit its upward move. Despite staying within a bullish territory, Shiba Inu [SHIB] declined by 11.88% over the past week. Analysis suggests this decline may be coming to a halt as multiple bullish confluences begin to surface. Notably, liquidity inflows are gradually increasing, and with a supportive bullish pattern, the asset shows potential for an upward move. Bullish pattern – How will it play out for SHIB? SHIB’s continued decline has brought…

Just a chill guy meme took the entire world by storm as thousands of memes flooded each country and every sector. This naturally spiked up the price of the token and now over the past few months, a big community of holders have formed around this token. Will this token continue its rally owing to its huge support or will it succumb to bearish pressure? Let’s find that out in detail in this Just a chill guy price prediction. Since its launch, Just a chill guy (CHILLGUY) has seen an all-time high of $0.6575, followed by a 84.92% drop in…

Ethereum stands at the edge of major breakthroughs. zkEVMs have rapidly accelerated, enabling us to rearchitect L1 to simultaneously support scale, verifiability, security and censorship-resistance. L2s are hardening, meeting users where they are, and eager to double down on using Ethereum as their root of trust. In short, the world is ready for the world computer. These significant innovations both unlock massive benefits for our users and will allow us to onboard many, many more. The stakes are high: This moment may be Ethereum’s best shot at deploying not only our technology, but our values, at planetary scale. As a…

Quick take: MetaMask users will be able to create and recover wallets using Web3Auth’s user-friendly Web2 login methods. This removes the need to back up seed phrases manually, thus reducing the risk of losing funds. Consensys also plans to leverage Web3Auth’s infrastructure to speed up MetaMask support for non-EVM chains like Solana and Bitcoin. Consensys has announced the acquisition of wallet infrastructure provider Web3Auth in an undisclosed deal. The acquisition comes amid a period in the crypto space that is characterised by industry-wide consolidations.  Consensys, which develops blockchain software is renowned for its EVM-based self-custody wallet solution, MetaMask.  According to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In the past few days, Ethereum has been struggling below the $2,600 price level after the general crypto market took a bearish hit, halting its recent upward trend. While ETH’s price has faced notable bearish movements, there is still a possibility that the altcoin could rally in the upcoming weeks as a key bullish pattern emerges. A Possible Rebound Emerging For Ethereum Ethereum’s upward performance has weakened due to a bearish shift in the crypto market, causing many major digital assets to retrace. Despite this price action,…