A new trend may be forming — but it’s not where most are looking.
While Bitcoin is holding steady just under 92.700 € ($106,000), it’s Ethereum that’s quietly building strength. From rising whale activity to technical patterns flashing altseason signals, the market is split between caution and opportunity.
Let’s take a closer look at what’s really going on — and why this week could be a turning point.
Let’s break it all down in this week’s CryptoUnity Weekly Crypto News.
Volatility Hits, But Bitcoin Closes May with 11% Gain
After reaching an all-time high (ATH) in May, Bitcoin (BTC) briefly dipped below 91.000 € ($104,000) late last week, as concerns over renewed U.S. tariff threats weighed on global markets. The decline was amplified by a loss of bullish momentum—BTC failed to break through the 92.700 € ($106,000) resistance (a key level where prices often stop rising and reverse)—and a wave of liquidations added further pressure.
Despite the drop, many traders held their positions, adjusting strategies for a possible rebound, suggesting they still believe Bitcoin has room for upward movements. With growing uncertainty around future trends, short-term profit-taking remains the focus for most investors.
Still, large institutional players like MicroStrategy, MetaPlanet, and GameStop continued accumulating Bitcoin. Bitcoin finished May with an 11% monthly gain, marking its highest monthly close ever.
This Monday, escalating geopolitical tensions between Russia and Ukraine sparked a broader market dip, affecting both stocks and crypto. Since then, Bitcoin has been consolidating around the 92.000 € ($105,000) mark.
What to Watch This Week: Uncertainty, Resistance, and a Critical Support Zone
Bitcoin is currently showing signs of uncertainty. Technical patterns like the bear flag suggest a possible correction, while the 92.700 € ($106,000) resistance level remains a strong barrier. This is further reflected in the Fear & Greed Index, which has recently dipped, showing a more cautious market mood.
The overall sentiment is being shaped by growing uncertainty in the macro environment. In the U.S., inflation concerns are resurfacing. If economic data continues to disappoint, the Federal Reserve may use it as a reason to delay any rate cuts.
Adding pressure to the market, some whale wallets (1,000–10,000 BTC) have started taking profits — not aggressively, but just enough to weigh on short-term momentum.
Geopolitical tensions, especially ongoing wars and renewed tariff threats, are also pushing investors toward safe-haven assets like gold, making crypto less attractive in the short term.
If Bitcoin were to lose the critical 87.500 € ($100,000) support, analysts warn it could correct down toward 74.000 € ($85,000). For now, BTC continues to trade within a narrow range between 92.000 € ($105,000) and 92.700 € ($106,000), with liquidity building on both sides. This kind of behavior—clearing both longs and shorts—often happens before a breakout.
Despite these warning signs, there are also some bullish indicators:
- Whale selling lacks intensity, suggesting we’re not at the top of the market cycle yet.
- BTC supply continues to shrink, which historically leads to upward momentum—like we saw after the ETF approval and previous U.S. elections.
The market is holding its breath, waiting for a breakout. Whether up or down, the coming days could be key.
💡 Interest rate cuts matter because they make borrowing cheaper, which can boost investment and push risk assets like crypto higher.
Ethereum Builds Strength as Analysts Eye Possible Altseason
Ethereum (ETH) is beginning to take center stage as on-chain and technical signals point to a potential breakout. In the past days, big players like BlackRock have moved significant funds into Ethereum — over 27,000 ETH (60M € / $69M) were withdrawn from exchanges, while BTC was moved to Coinbase, indicating a possible shift of capital from Bitcoin to Ethereum and altcoins.
Analysts believe Ethereum’s current structure is forming several bullish patterns, such as the cup-and-handle and the bull flag, against Bitcoin. Historically, these patterns have preceded major altcoin rallies, with gains of up to 250x in some past cycles.
If ETH/BTC breaks out as expected, it could mark the beginning of a new altseason — a period where altcoins, especially Ethereum, outperform Bitcoin. This has happened before in 2017 and 2021, both times leading to explosive gains across the crypto market.
On the technical side, ETH is currently battling the 2.340–2.500 € ($2,680–$2,850) resistance zone, which analysts call the “make-or-break” level. A close above this level could confirm a new uptrend, especially since ETH recently reclaimed 2.200 € ($2,500) as support.
Some are even comparing Ethereum’s current chart to gold’s explosive breakout in early 2024. Both charts show a similar five-point fractal structure, with ETH now in the final stage before a potential breakout. If this pattern holds, Ethereum could rally toward 4.400–5.250 € ($5,000–$6,000) in the coming months.
As we head deeper into June, the crypto market stands at a technical and psychological tipping point. Bitcoin is coiling under pressure — but not collapsing — while Ethereum is breaking away, potentially taking the altcoin market with it.
Whether you’re focused on BTC’s next breakout or ETH’s bullish momentum, the signals are there — now is the time to pay attention and plan your next move wisely.
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