Ethereum (ETH) slid to $1,560–$1,588.85 on June 30, extending a steep decline from February highs near $2,440. The sell-off mirrored broader crypto weakness, with total market cap shedding about 1.75% to $2.03 trillion. Bitcoin lost up to 2.74%, and altcoins like XRP, Dogecoin, and Cardano also fell.
While retail sentiment remained fragile, corporate treasuries stepped up their purchases. Data from Onchain Lens revealed that Bitmine bought another 27,084 ETH ($42.95 million) last week, pushing its total holdings to roughly 5.7 million ETH – 4.7% of Ethereum’s circulating supply and just shy of a stated 5% target. The stash, worth around $9 billion, is almost entirely staked. SharpLink continued its accumulation, scooping up 39,196 ETH over three days for $62.4 million, including a 10,000-ETH block at an average price of $1,611. The company’s position now stands at 886,725 ETH. SharpLink also repurchased 2.13 million shares and raised $75 million in the same week.
The buying spree reignited interest in a bold forecast by Robert Kiyosaki, author of Rich Dad Poor Dad. A video clip resurfaced on social media in which Kiyosaki predicted that one year after “the biggest bubble in history” bursts, Ethereum could reach $95,000, Bitcoin $750,000, gold $35,000/oz, and silver $200/oz. He cautioned that such targets would require a combined market cap of about $285 trillion – far above current levels. The forecast, first made in March, drew a mix of long-term optimism and short-term skepticism among traders.
ETH is down approximately 25% this quarter and on track for an unprecedented third consecutive quarterly loss. Technically, the token trades below a descending trendline from mid-May and beneath the Supertrend indicator. Analysts at Unknown.Ai noted that reclaiming the $1,580–$1,590 zone could clear a path toward $1,630–$1,660, while a four-hour close under $1,550 would raise the risk of a drop to $1,500. Trader Ted flagged $1,500 as a critical demand floor that, if held, could spark a relief rally in July.
