{"id":54391,"date":"2025-06-17T17:05:51","date_gmt":"2025-06-17T17:05:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethereum-etfs-hit-ath-spx6900-cools-off-xrp-outlook-remains-bullish\/"},"modified":"2025-06-17T17:05:51","modified_gmt":"2025-06-17T17:05:51","slug":"ethereum-etfs-hit-ath-spx6900-cools-off-xrp-outlook-remains-bullish","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethereum-etfs-hit-ath-spx6900-cools-off-xrp-outlook-remains-bullish\/","title":{"rendered":"Ethereum ETFs hit ATH, SPX6900 cools off, XRP outlook remains bullish"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Ethereum-ETFs-hit-ATH-SPX6900-cooling-XRP-outlook-remains-bullish-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Ethereum-ETFs-hit-ATH-SPX6900-cooling-XRP-outlook-remains-bullish-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Ethereum-ETFs-hit-ATH-SPX6900-cooling-XRP-outlook-remains-bullish-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Ethereum-ETFs-hit-ATH-SPX6900-cooling-XRP-outlook-remains-bullish-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Ethereum ETF holdings hit an ATH as institutional inflows surge.<\/li>\n<li>SPX6900 cools after 230% rally, holds key $1.30 support level.<\/li>\n<li>XRP remains bullish despite the US SEC case delay to August 15.<\/li>\n<\/ul>\n<p>Ethereum, XRP, and SPX6900 are moving in different but equally significant directions this week, revealing major developments across the crypto market.<\/p>\n<p>The market is showing signs of rotation, and investor attention is quickly shifting among top altcoins as new narratives unfold.<\/p>\n<p>While institutional accumulation pushes Ethereum ETFs to an all-time high in on-chain holdings, SPX6900 takes a breather after a parabolic rally, and XRP sustains a bullish tone despite ongoing legal hurdles.<\/p>\n<h2>Ethereum ETFs reach record on-chain holdings<\/h2>\n<p>Institutional interest in <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a> has sharply intensified, propelling ETF-related on-chain ETH holdings to their highest levels in history.<\/p>\n<p>Recent <a href=\"https:\/\/cryptoquant.com\/asset\/eth\/chart\/fund-data\/fund-holdings?symbol=all_symbol&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\">CryptoQuant data<\/a> shows that Ethereum ETFs now retain close to 4 million ETH, with BlackRock leading a wave of accumulation that has accelerated throughout June.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-315424\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/Ethereum-ETF-holdings.jpg\" alt=\"Ethereum ETF holdings\" width=\"1534\" height=\"757\"\/><\/p>\n<p>Notably, the ETFs have seen strong accumulation momentum even as the price of Ethereum (ETH) remains largely flat around the $2,500 mark.<\/p>\n<p>The spike in inflows, particularly from BlackRock and Grayscale, as depicted by <a href=\"https:\/\/www.coinglass.com\/eth-etf\">Coinglass data<\/a>, confirms that large funds are positioning early for a potential ETH rally.<\/p>\n<p>This surge in institutional buying comes amid growing optimism in Ethereum\u2019s broader ecosystem, supported by increased activity in DeFi and rising stablecoin volumes.<\/p>\n<p>The aggressive accumulation further aligns with diminishing exchange reserves and rising staking levels, suggesting that the market is preparing for reduced ETH liquidity and possible upward price pressure.<\/p>\n<p>Notably, the inflows into Ethereum ETFs have surpassed Bitcoin ETFs over recent weeks, marking a significant shift in investor sentiment.<\/p>\n<p>As inflows continue to dominate daily activity, Ethereum may be setting the tone for the next wave of altcoin momentum.<\/p>\n<h2>SPX6900 cools down after explosive move<\/h2>\n<p>Meanwhile, SPX6900 has cooled off after an extraordinary 230% <a href=\"https:\/\/coinjournal.net\/news\/spx6900-price-surges-as-bitcoin-pepe-momentum-accelerates\/\">rally<\/a> that played out between May and mid-June.<\/p>\n<p>The altcoin\u2019s parabolic move took it from $0.50 to nearly retest its all-time high of $1.77 before losing steam around $1.70.<\/p>\n<p>The rally, which was initially triggered by a golden cross on May 6, followed a textbook parabolic structure with four accelerating legs and shallow pullbacks.<\/p>\n<p>However, a sharp decline in open interest and spot outflows of over $6.4 million on June 14 indicated a decisive shift in sentiment.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-315426\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/SPX6900-open-interest-decline.jpg\" alt=\"SPX6900 open interest decline\" width=\"1567\" height=\"448\"\/><\/p>\n<p>Although the correction has been intense, technical indicators suggest that SPX6900 is entering a healthy consolidation phase rather than a full breakdown.<\/p>\n<p>The RSI has cooled from an overheated 75 to around 40, and the MACD has flipped bearish, signalling that momentum is resetting.<\/p>\n<p>Currently trading around $1.39, SPX6900 is holding key support at $1.30. A rebound from this level could see the token test $1.50 again, with a potential retarget of $1.71 if volume returns and sentiment stabilises.<\/p>\n<h2>XRP remains resilient despite legal delays<\/h2>\n<p>While Ethereum and SPX6900 shift gears, XRP continues to attract bullish interest even as its legal battle with the SEC drags on.<\/p>\n<p>Notably, a joint request from Ripple and the SEC to pause appeals until August 15 has not dampened optimism in the market.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw\">#XRPCommunity<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/SECGov?src=hash&amp;ref_src=twsrc%5Etfw\">#SECGov<\/a> v. <a href=\"https:\/\/twitter.com\/hashtag\/Ripple?src=hash&amp;ref_src=twsrc%5Etfw\">#Ripple<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\">#XRP<\/a> In light of the pending motion for an indicative ruling, the parties have requested that the Second Circuit continue to hold the appeals in abeyance, with the <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\">@SECGov<\/a> to file a status report by August 15, 2025.<a href=\"https:\/\/t.co\/7oQvL5Rx7U\">https:\/\/t.co\/7oQvL5Rx7U<\/a><\/p>\n<p>\u2014 James K. Filan \ud83c\uddfa\ud83c\uddf8\ud83c\uddee\ud83c\uddea (@FilanLaw) <a href=\"https:\/\/twitter.com\/FilanLaw\/status\/1934796781860049231?ref_src=twsrc%5Etfw\">June 17, 2025<\/a><\/p>\n<\/blockquote>\n<p>The requested pause is tied to a pending ruling in the Southern District of New York regarding a $125 million escrow and the SEC\u2019s demand for a $50 million penalty.<\/p>\n<p>Although the case remains unresolved, XRP derivatives show that traders are staying confident.<\/p>\n<p><a href=\"https:\/\/www.coinglass.com\/currencies\/XRP\">Open Interest in XRP<\/a> has climbed above $4 billion, and the positive funding rate suggests that leveraged long positions remain in play.<\/p>\n<p>Even though long liquidations have slightly outpaced shorts in the last 24 hours, the market bias remains bullish.<\/p>\n<p>From a technical standpoint, XRP recently bounced off the 200-day EMA and is now attempting to reclaim higher levels around the 50-day and 100-day EMAs near $2.24.<\/p>\n<p>If the price manages to close above those barriers, it could test resistance near $2.33, a level aligned with a trendline connecting the year\u2019s previous peaks.<\/p>\n<p>Despite the indecisive RSI near 49, MACD indicators are leaning bullish, offering signs of a potential upside continuation if momentum follows through.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-3.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/crypto-wrap-ethereum-etfs-hit-ath-spx6900-cools-off-xrp-outlook-remains-bullish\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ethereum ETF holdings hit an ATH as institutional inflows surge. SPX6900 cools after 230% rally, holds key $1.30 support level. XRP remains bullish despite the US SEC case delay to August 15. Ethereum, XRP, and SPX6900 are moving in different but [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":54392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54391"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=54391"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/54392"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=54391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=54391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=54391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}