BTCUSD Bullish Breakout: Clears 800-EMA After Consolidation, Buy Dips Toward $74,900 
FxWirePro: NZD/USD advances as hawkish outlook by a top policy maker boosts kiwi dollar 
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias 
ETHUSD Bullish Momentum: Follows BTC Above All EMAs, Buy Dips Near $1750 Targeting $2300 
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought 
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY 
FxWirePro: EUR/AUD bears maintain upper hand 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
ETHUSD trades below $2000 following the footsteps of BTC. It reached an intraday high of $2027 and is currently trading around $1999.80.
Sustained institutional selling has slammed Ethereum spot ETFs, with around USD 241 million in net outflows in the week ending June 1, 2026, extending a harsh 14-day run of straight outflows starting about May 20. BlackRock's ETHA suffered almost 78% of the weekly total, or $188 million, including a sharp $28.80 million single-day withdrawal on May 28, highlighting how focused the outflows have been. Compared to last month's $85.50 million and last week's $6.60 million outflow, the pace is increasing significantly, reflecting the big Bitcoin ETF retreat and pointing to a growing risk-off attitude among institutional crypto investors.
|
Technicals |
CMP -$1979 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2036 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$2143 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$2186 |
CMP <365 EMA |
Bearish |
Major support- $1900/$1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-84.15 |
|
ADX |
Neutral |
Strength increased from 18.50 to 23.51 |
It is good to sell on rallies around 2048-50 with SL around $2200 for a TP of $1700.
