ETH stalls at $2.4K five times, SOL to rally to $120: Market Moves

Ether price is still stuck below $2.4K: Here is why

Ether (ETH) has tested the $2,400 resistance five times over the past month, with each breakout attempt losing momentum near that level. The stalled price action comes as spot Ether exchange-traded funds (ETFs) recorded just $500 million in inflows since March. Ether reserves on Binance exchange climbed by 400,000 ETH, and ETH futures traders also reduced leverage exposure over the past week.

Spot Bitcoin ETFs attracted roughly $4.5 billion in net inflows since March, supporting BTC’s move above $82,000. Ether ETFs recorded only $500 million in inflows during the same time period, leaving ETH without the same level of institutional buying pressure.

That demand gap matters because Ether has repeatedly tested the same resistance zone without fresh spot demand entering the market. 

Solana ETF inflows rise as traders eye SOL rally to $120

The spot Solana (SOL) exchange-traded funds (ETFs) recorded their strongest weekly performance since February, attracting $39.23 million in total net flows.

The surge in capital inflows coincided with SOL futures open interest rising by $1.5 billion in May, signaling a sharp increase in trader positioning across the derivatives markets.

The rise in market activity comes alongside Solana’s 15% rally to $97 in the past seven days, with traders targeting the next major resistance level at $120. 

Bitwise’s BSOL ETF led the latest inflow wave with $36 million in weekly net inflows last week, while Fidelity’s FSOL added over $1.8 million.

Since its launch, BSOL has attracted $861 million, accounting for nearly 81% of cumulative inflows across all spot SOL ETFs, which now total about $1.06 billion.

Bitcoin hits ‘major bear market resistance’: CryptoQuant

Bitcoin was at risk of falling into a downtrend after its price hit a key historical “major bear market resistance level” based on its 200-day moving average, according to the crypto analytics firm CryptoQuant.

The cryptocurrency hit its 200-day moving average of $82,400 after rallying over six weeks since early April when it fell to $66,000, CryptoQuant said in a report on Wednesday.

“The 200-day MA [moving average] was a major resistance in the 2022 bear market: the price resumed its downward trend after hitting it in March of that year,” it said. “The current setup raises the question of whether history repeats.”

Several traders have recently forecast a Bitcoin rally if the US Senate moves forward with the long-awaited CLARITY Act, while others have pointed to additional money printing in the US as a tailwind for Bitcoin this year. CryptoQuant’s signals point to the opposite. 

Veteran investor bets on Ethereum as AI agents drive tokenization demand

Macro investor and former hedge fund manager Jordi Visser said he recently bought Ether as he sees the “tokenization reality” starting this year, with tokenized assets powering agentic AI payments.

“I don’t think enough people are talking about tokenization and what’s happening,” Visser told Anthony Pompliano on his podcast this week, predicting that tokenization and AI will be intertwined. 

AI agents cannot access banking services or credit, so their primary method of transacting online autonomously will be digital assets such as Ether or stablecoins, which do not require bank accounts, logins, or human approval.

“AI agents are with us,” he said. “They need food, and that food is not physical food. It is tokens,” he added. “There’s been a shortage,” which could lead to a supply and demand issue, he continued. 

XRP metrics line up bull signals for ‘full-scale rally’ to $2

Data from TradingView showed XRP/USD remained 60% below its multiyear high of $3.66 reached in July 2025 and traded 21% below its yearly open of $1.83. 

Despite this drawdown, several price indicators hinted at a potential upward breakout ahead.

Analyzing XRP’s funding rates on Binance, analyst Darkfost flagged a key bullish signal, setting XRP/USD up for an upward run. 

The funding rates 30-day sum on Binance have “maintained a bearish bias for nearly three months, even as XRP has posted a 27% gain over the same period,” the analyst said in a recent post on X, adding:

“When such a strong consensus forms, especially after a correction exceeding 60%, it is often a sign that a potential reversal may be developing.”

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Ciaran Lyons

Ciaran Lyons is a Cointelegraph staff writer covering cryptocurrency markets and conducting interviews within the digital asset industry. He has a background in mainstream media and has previously worked in Australian broadcast journalism, including roles in national radio and television. Prior to joining Cointelegraph, Lyons was involved in media projects across news, documentary, and entertainment formats. He holds Solana, Ski Mask Dog, and AI Rig Complex above Cointelegraph’s disclosure threshold of $1,000.