On June 2nd Taiwan time, before the deadline, Bitcoin (BTC) was fluctuating around $105,371. Ethereum (ETH) simultaneously demonstrated resilience, successfully maintaining the critical support level of $2,500.
Bitcoin Breaking Through Resistance
From a technical indicator perspective, Bitcoin's short-term upward momentum has weakened, with MACD, RSI, and other indicators showing consolidation or bearish signals. Analysts generally believe that macroeconomic factors, especially changes in global liquidity and potential interest rate cuts by major central banks, may provide capital inflows for the Bitcoin market.
Meanwhile, institutional investor interest remains undiminished, with spot ETF fund inflows and whale accumulation providing support for BTC's bottom.
According to reports from ainvest and Finbold, AI models predict that if Bitcoin effectively breaks through the $110,000 resistance level, prices could further rise to $118,000 or even $130,000; the model also predicts approximately a 65% probability of closing above $110,000 in June.
Looking further ahead, Standard Chartered Bank predicts Bitcoin might reach $200,000 by the end of 2025, providing hope for quarterly increases. Investors should pay attention to potential risks from regulatory environment changes.
Ethereum Defending $2,500
Simultaneously, Ethereum successfully defended the critical psychological and technical support level of $2,500 in early June, with prices at $2,527. According to on-chain transaction data, significant ETH accumulation activities exist in the $2,316 to $2,402 range, providing strong price support.
Although ETH's medium-term technical chart, such as the bullish flag formation on the daily chart and the weekly MACD's bullish signal, suggests price appreciation potential, especially if breaking through the $2,700 to $2,925 resistance zone, potentially pointing to $3,000 to $3,100.
Short-term indicators, however, send cautionary signals, with the MACD turning from positive to negative and bearish EMA crossovers indicating weakened short-term momentum. Prices are fluctuating below the moving averages around $2,527 to $2,577, and the Bollinger Bands' expansion also suggests potential increased volatility.
In terms of market sentiment, Polymarket's current prediction shows traders have about 72% confidence in Ethereum maintaining above $2,500.
However, the recent SEC's blocking of Staking ETF has introduced some uncertainty to the market.
