Cryptocurrencies Price Prediction: Ethereum, Uniswap & ETFs — Asian Wrap 18 June

Ethereum resumes downtrend as Canada sees another staked ETH ETF launch
Ethereum (ETH) resumed its downward trend on Monday after a slight weekend recovery following the launch of the Canada-based Purpose Investment Staked ETH ETF.
Uniswap could face short-term correction on bearish divergence, rising supply on exchanges
Uniswap (UNI) price encounters resistance near the weekly level of approximately $12 and retraces more than 8% on Monday. On-chain metrics indicate a rising supply on exchanges and declining development activity, hinting at a potential formation of a local top. Additionally, technical indicators show a bearish divergence on momentum indicators, signaling the possibility of a forthcoming downturn in Uniswap's price.
Crypto ETFs experience heavy outflows after FOMC meeting
Crypto ETFs experienced heavy outflows totaling $621 million in the past week, potentially spurred by the Federal Reserve (Fed) keeping interest rates steady, according to the CoinShares weekly digital asset report on Monday.
Author

FXStreet Team
FXStreet







