According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's dominance increase to nearly 10% indicates capital shifting towards altcoins like DeFi and AI sectors, supported by over $1.25 billion in ETH ETF inflows. Bitcoin fell 4.7% to $103.3K following Israeli airstrikes on Iran, as reported by CoinDesk, while Singapore's MAS crackdown on offshore crypto firms, linked to 3AC and Terraform Labs failures, takes effect June 30.

According to CoinDesk, the Asia crypto market opened with major digital assets like BTC and ETH posting steep declines following Israeli airstrikes on Iranian nuclear facilities, sparking a broad risk-off sentiment. BTC dropped 4.7% to around $101,577 and ETH fell sharply to $2,280, despite ETH's 40% three-month outperformance and continued institutional inflows, including $240M into spot ETFs on June 11 (source: CoinMarketCap, CoinDesk). Market observers highlight ETH’s growing role as a liquidity anchor and altcoin rally indicator, as capital shifts from BTC to DeFi, modular infrastructure, and decentralized AI (source: Hex Trust via CoinDesk). Separately, Singapore’s MAS confirmed a regulatory clampdown on offshore digital token service providers, requiring licensing for foreign-focused exchanges from June 30, following reputational damage from the 3AC and Terraform Labs failures (source: MAS, CoinDesk). This move reduces regulatory arbitrage and is expected to increase compliance costs and exit of non-compliant platforms like Bitget and Bybit, with potential spillover effects on regional crypto liquidity and trading volumes.

According to Charles Edwards (@caprioleio) on Twitter, Ethereum (ETH) may be on the verge of initiating what he calls the 'most hated rally,' citing technical chart patterns that indicate strong upward momentum despite prevailing negative sentiment (source: Charles Edwards, Twitter, June 5, 2025). For traders, this suggests a possible contrarian trading opportunity as ETH demonstrates resilience near key support levels. The potential rally in ETH could drive increased trading volumes and volatility across the crypto market, especially in altcoins that typically follow Ethereum's price movements. Traders should monitor ETH's breakout levels and overall market sentiment for short-term entry and exit strategies.

According to Crypto Rover, Ethereum ($ETH) is pushing higher as of May 28, 2025, indicating renewed bullish momentum in the crypto market (source: @rovercrc on Twitter). This upward price action is attracting increased trading volume and interest from both institutional and retail traders. Traders should monitor key resistance levels and watch for potential breakouts, as sustained momentum could lead to higher price targets and impact correlated altcoins. Ethereum's rally may also influence Bitcoin and overall crypto sentiment in the short term.

According to Lookonchain, a prominent crypto whale secured an unrealized profit exceeding $10 million by entering a long position on ETH at the beginning of its latest rally. Eight hours ago, the same whale initiated a new 2x leveraged long position on XRP worth nearly $12 million, already sitting on an unrealized profit of $261,000. These significant leveraged trades highlight growing confidence and momentum in both ETH and XRP markets, signaling potential bullish sentiment and increased volatility for altcoin traders (Source: Lookonchain, x.com/lookonchain/status/1921737526399619476).

According to Lookonchain, a notable Ethereum ICO participant who initially acquired 76,000 ETH for $23,560 at Genesis has continued to liquidate holdings despite the ongoing ETH rally. Three hours ago, this whale deposited their remaining 1,900 ETH, valued at approximately $4.44 million, to the Kraken exchange. This significant on-chain movement (source: Lookonchain via X.com) may increase short-term selling pressure on Ethereum, potentially impacting price momentum and providing a critical signal for crypto traders monitoring whale activity and exchange inflows.