Dogecoin Surges 7% as Bulls Break Key Resistance

Odaily Planet Daily News: Analyst Micha ë l van de Poppe pointed out that if ETH can maintain above the key support of $2400, it may "test the upper edge of the range" in the coming weeks and start a rebound market. The current price of ETH is $2452, down 7.45% from 30 days ago. According to Glassnode data, on June 16th, whales bought 1 million ETH in a single day, the largest buying volume since 2018. The spot Ethereum ETF also recorded a net inflow of funds for three consecutive days, with a total amount of $232 million.

On June 27th, according to Onchain Lens monitoring, a whale wallet woke up after more than a year of dormancy and withdrew 1051 ETH worth $2.58 million from Binance.

Binance JUP/USDT's perpetual trading volume surged 13 times within 10 minutes, with a transaction volume of $37.71 million in the past 24 hours, a decrease of 1.59%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.

According to BlockBeats, on June 27th, Tischhauser, the head of investment research at digital asset banking group Sygnum, stated in an interview with CoinDesk: "Due to fundamental valuation challenges, the cryptocurrency market is driven by sentiment; therefore, technical analysis signals like the Double Top are worth cautious treatment. Nevertheless, a comprehensive market collapse requires catalysts like the Terra crash or FTX crash in 2022. Unless a similar black swan event occurs, based on current political and regulatory support and sustained institutional capital inflows, we may see a long-term bull market cycle

According to AiCoin monitoring, over the past 4 trading days, funds from the US spot BTC ETF have continued to flow in, reaching $1.714 billion. During this period, the largest inflow was IBIT, with a total of 1.158 billion US dollars; Next is FBTC, with an inflow of 339 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only