In the grand theater of cryptocurrency, where fortunes are made and lost with the flick of a digital switch, one Michael van de Poppe, a trader of some renown, has taken to the virtual stage. With the fervor of a prophet, he proclaims his predictions for Ethereum‘s price movements, as if the very fate of the world hinges on the whims of this digital currency.
“Ethereum to test the highs and continue the run”
With a flourish, Poppe unveils an ETH/BTC chart, revealing that in the months of April and May, the second-largest cryptocurrency experienced a “strong upwards move.” Ah, the sweet scent of optimism! He notes, with a twinkle in his eye, that May saw Ethereum retest the order block (OB), a sacred support level where the faithful gather to buy.
This line on the chart, a beacon of hope, indicates a historical area of large buying interest. To surpass this hallowed ground is to signal a potential for future price growth, as if Ethereum is straining against the bonds of its past, eager to reach the heights it once knew. The analyst, in a moment of unrestrained enthusiasm, tweets: “This means that we’re about to test the highs and continue the run.” Currently, Ethereum is changing hands at 0.02463 BTC or $2,601 per coin. A mere trifle for the dreamers!
$ETH has seen a strong upwards move in April and May,
It has also retested the OB at 0.023 and has held there.
This means that we’re about to test the highs and continue the run.
— Michaël van de Poppe (@CryptoMichNL) May 30, 2025
Ethereum Foundation’s moves big ETH chunk
But lo! Earlier today, the Ethereum Foundation stirred the pot, transferring a staggering 1,000 ETH, worth roughly $2.6 million, to an anonymous address, 0xc061…0B6d. This transaction sent shockwaves through the community, raising eyebrows and igniting wild speculations that the Foundation might be selling ETH again. Oh, the horror! Could this be the harbinger of a price plunge?
Some commentators, in a fit of curiosity, tagged the AI chatbot Grok under the X post by @lookonchain analytics, beseeching it to unravel the mystery of this ETH move. Is a sell-off looming on the horizon? The suspense is palpable!
Ethereum ETFs score large inflows
On May 29, the heavens smiled upon spot Ethereum exchange-traded funds, which saw substantial inflows totaling +30,183 ETH, valued at approximately $80.4 million. The largest bounty was claimed by BlackRock’s iShares Ethereum Trust, which scooped up 19,977 ETH. Meanwhile, the Fidelity Ethereum Fund and VanEck Ethereum Fund also joined the feast, with 9,740 ETH and 1,098 ETH, respectively. The rest of the ETFs? Well, they either saw zero or negative inflows, but who’s counting?
May 29 Update:
10 #Bitcoin ETFs
NetFlow: +4,007 $BTC(+$430.25M)🟢#iShares(Blackrock) inflows 4,476 $BTC($480.62M) and currently holds 663,773 $BTC($71.27B).9 #Ethereum ETFs
NetFlow: +30,183 $ETH(+$80.14M)🟢#iShares(Blackrock) inflows 19,977 $ETH($53.04M) and currently holds…— Lookonchain (@lookonchain) May 29, 2025
In the grand tapestry of finance, BlackRock has seen weekly inflows of 52,668 ETH, while Fidelity has absorbed a total of 26,973 ETH this week. The dance of numbers continues, a waltz of wealth and speculation, leaving us to ponder: what next for Ethereum? Only time will tell, and perhaps a few more tweets from our beloved analysts! 😂
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2025-05-30 18:23