Ethereum

Fidelity, a spot Ethereum ETF issuer, bought about $28.6 million in Ethereum over the last week, marking its largest weekly accumulation in roughly two months. The pickup comes as the broader Ethereum ETF segment has seen limited fresh inflows and persistent withdrawals, prompting questions about whether institutions are returning to ETH exposure.

On June 9, XRP spot ETFs posted $7.44 million in net inflows, topping Solana’s roughly $794,000 while Bitcoin and Ethereum spot products logged $77.44 million and $40.85 million in outflows. Despite the flow advantage, XRP traded near $1.11 after losing the $1.28–$1.30 support area, keeping the chart technically weak even as ETF demand persisted.

Bitmine Immersion Technologies bought 75,000 ETH for about $123 million on June 9, taking its ether holdings to more than 5.4 million ETH. The purchases were executed over roughly eight hours via Kraken and FalconX and distributed across three wallets, including two newly created ones. The firm says this represents over 5% of ethereum supply, while some onchain trackers put the share closer to 4.6%.

Santiment said Tuesday that many retail traders have effectively given up on Ethereum, a setup it argues can increase the odds of a rebound when pessimism becomes widespread. It added that ETH social sentiment has slid into an "extreme fear zone" after months of lagging Bitcoin and other altcoins. ETH also hit an intraday low of $1,620 twice in the past 24 hours, while Glassnode reported only 11% of ETH supply is held at more than 3x profit.

XRP perpetual contracts have started trading on Kalshi for U.S.-based users, introducing the platform's "American Perpetuals." The rollout follows CFTC clearance for Kalshi's first truly perpetual Bitcoin futures in the U.S. and a June 1 filing to self-certify derivatives tied to 12 major altcoins. Kalshi said its crypto perpetuals drew $100 million in trading volume within 24 hours.

Ethereum (ETH) plummeted to $1,628 amid an aggressive futures deleveraging cycle and multi-week spot ETF outflows. While short-term technicals flash a high-risk test of the $1,500 support shelf, Tom Lee’s Bitmine executed a massive $213M dip-buying campaign, pushing its total supply ownership near 4.6%.

Ethereum pulled back after peaking at $1,720, slipping below $1,620 and trading under $1,665 alongside the 100-hour SMA. The move included a break of a bullish trend line near $1,700, with support highlighted around $1,610 and $1,585. Resistance is outlined at $1,680 and $1,710, and a breakout above $1,710 could open a path toward $1,750 and $1,840–$1,850.

Ethereum hovered around $1,644 on June 9, 2026, about 67% below its $4,946 all-time high set on Aug. 24, 2025. The move comes as ETH’s market share slid to roughly 9.1%–9.3% while bitcoin dominance stayed near 58%, alongside reported spot ETH ETF outflows and softer price momentum across multiple timeframes.

Arthur Hayes said in his June 9 essay "Reality Test" that an AI-led equity selloff could spill into crypto first, with Bitcoin only benefiting later from any liquidity response. He wrote that Maelstrom has reduced several non-core crypto holdings while keeping Bitcoin and Ether, and argued that oil-market stress tied to the US-Iran conflict and reduced Strait of Hormuz traffic could raise inflation and pressure the AI trade. At press time, BTC was $62,638.

Circle has introduced cirBTC on Ethereum, aiming to let institutions and bitcoin holders use BTC-backed tokens as DeFi collateral without selling their underlying BTC. Each cirBTC is backed 1:1 by native bitcoin held at a regulated Circle entity, with reserves designed to be verifiable onchain via Chainlink Proof of Reserve. At press time, supply was about 0.0097205 cirBTC across roughly seven holders.