Ethereum has remained under pressure near $1,560 as Robert Kiyosaki’s long-term $95,000 price forecast has returned to focus while the cryptocurrency continues testing a key support zone.
Summary
- Robert Kiyosaki’s $95,000 Ethereum forecast has resurfaced as ETH trades near key support around $1,560.
- Bitmine and SharpLink continued buying Ethereum despite the token remaining on track for a historic third straight quarterly loss.
- Technical indicators keep favoring sellers, with analysts watching the $1,500 level for the next major move.
According to data from crypto.news, Ethereum (ETH) traded around $1,560 on June 30, down about 1% over the past day as selling returned across the crypto market. The total crypto market capitalization slipped 1% to $2.11 trillion, while Bitcoin fell 1.6% amid continued outflows from U.S. spot Bitcoin ETFs. XRP, Dogecoin, and Cardano also traded lower during the session.
The weakness comes despite renewed attention around comments made by Rich Dad Poor Dad author Robert Kiyosaki, whose March prediction that Ethereum could reach $95,000 by mid-2027 has resurfaced across crypto social media.
Kiyosaki argued that a major global financial crisis would trigger a sharp repricing of alternative assets, adding that Ethereum could climb to $95,000 within a year of such an event.
His outlook extended beyond Ethereum. Kiyosaki also projected Bitcoin could reach $750,000 after the same financial reset, while forecasting gold at $35,000 per ounce and silver at $200. Those projections have renewed debate over Ethereum’s long-term valuation even as its current market performance remains weak.
Institutional buying continues despite weak price action
Corporate treasury activity has continued to favor Ethereum even as the token struggles to recover.
Bitmine disclosed that it purchased another 27,084 ETH during the past week, increasing its holdings to roughly 5.7 million ETH valued at nearly $9 billion. According to the company, that represents approximately 4.7% of Ethereum’s circulating supply, with most of those holdings remaining staked.
SharpLink also expanded its position by acquiring another 10,000 ETH at an average purchase price of about $1,611. The company said its total holdings have reached 886,725 ETH after the purchase. During the same period, SharpLink repurchased 2.13 million shares and raised $75 million.
Even with treasury firms continuing to accumulate Ethereum, the token has failed to build sustained upside momentum. At current prices, ETH is down roughly 25% for the quarter and remains on track to record its third consecutive quarterly decline, which would be the first such streak in the asset’s history if the quarter closes at current levels.
Technical levels leave Ethereum at a critical support zone
Technical indicators continue to favor sellers despite Ethereum stabilizing around the $1,500-$1,560 range.
As crypto.news reported earlier, ETH remains below a descending trendline that has capped rallies since mid-May while also trading beneath the Supertrend indicator. Any recovery would first require a break above that trendline before buyers could challenge Supertrend resistance near $1,650, followed by Fibonacci resistance levels around $1,680 and $1,720. A move through those barriers would bring the $1,750 level into view.
Offering a shorter-term outlook, analysts at Unknown.Ai said Ethereum recently rebounded after sweeping liquidity around the $1,550 support zone before rallying into the $1,630-$1,640 resistance area.
According to the analyst, ETH has since pulled back toward support, and buyers now need to reclaim the $1,580-$1,590 region, where the 1-hour and 4-hour EMA20 indicators sit, to reopen the path toward $1,630-$1,640 and potentially $1,660.
The analyst added that a four-hour close below $1,550 would invalidate that bullish setup and increase the probability of a decline toward $1,500. Separately, analyst Ted identified the $1,500 area as a key demand zone and said holding that level could support a relief rally next month.
Macro conditions continue to weigh on sentiment. Sticky U.S. inflation has reduced expectations for Federal Reserve rate cuts, keeping Treasury yields elevated and limiting liquidity flowing into risk assets. Bitcoin’s move below $60,000 has also drawn capital toward the largest cryptocurrency instead of major altcoins.
If Ethereum loses the $1,500 support that has held throughout the latest consolidation, then another wave of selling could follow as leveraged long positions unwind and bearish momentum accelerates.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
