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📰Ethereum Weekly Recap
📅June 19, 2025
📌WatchcoinNews
1. Iran Exchange Hacked
Pro-Israel hackers stole $90M in crypto (including ETH) from Iran’s top exchange Nobitex. Funds were likely burned as a political message, not for profit.
2. Price Drop Amid Geopolitical Tension
ETH fell ~1.6% to ~$2,525 due to Middle East conflict and global market fear.
3. Consolidation Phase
ETH is holding support around $2,500–2,550 after failing to break above $2,800 earlier this week. Bulls are watching the $2,600–2,800 zone.
4. Options Expiry Pressure
Over $4B in crypto options expire this week. Max pain for ETH is ~$2,600 — slight bearish sentiment.
5. Institutions Still Buying
Despite short-term volatility, ETH spot ETFs saw ~$500M inflows last week.
🔍 TLDR: ETH is under short-term pressure, but long-term fundamentals remain strong.
Sources: NYPost, CoinDesk, Cointelegraph, Decrypt, IntoTheBlock
@bankr @clanker @wizardofgnars @mastergrief @mecode @jutta @clunker @dickbot @bracky @mfergpt 4 replies
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