Ethereum (CRYPTO: ETH) is expected to undergo a minor correction to the $4,075-$4,150 range by midweek before resuming its upward trajectory, according to Fundstrat co-founder Tom Lee.
Investor risk sentiment paused at the start of the week, as markets awaited details expected to emerge later when President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy and European leaders.
The sharp crypto sell-off followed July’s PPI inflation report and U.S. Treasury Secretary Scott Bessent’s statement ruling out more Bitcoin Reserve purchases.
According to CME Group’s FedWatch tool, 100% of traders have priced in at least a 25 basis point rate cut in the U.S. central bank’s next policy meeting.
The gains followed U.S. Treasury Secretary Scott Bessent’s suggestion that the Federal Reserve should weigh a 50 basis-point rate cut in September on Tuesday evening.
Prominent cryptocurrency trader Miles Deutscher projects Ethereum (CRYPTO: ETH) could reach $8,600 during the 2025-26 bull cycle if current patterns mirror historical runs, with a 61% probability of exceeding $6,000.
180 Life Sciences Corp. (NASDAQ:ATNF) is trending on Wednesday after gaining approximately 228.45% for the day. Check out the current price of ATNF stock here.
Shares of 180 Life Sciences Corp. (NASDAQ:ATNF) soared 54% in Monday’s after-hours trading after the biotechnology company completed a $156 million private offering to boost its Ethereum (CRYPTO: ETH) reserves.
Ethereum (CRYPTO: ETH) flipped elder sibling Bitcoin (CRYPTO: BTC) in year-to-date gains Monday, as institutional interest fuels a sharp spike in the second-largest cryptocurrency.
