Kraken Observes Ethereum’s Bullish Breakout as Price Targets $2,600

Ethereum (ETH) is demonstrating strong bullish momentum, with its price breaking through critical resistance levels and currently trading above $2,350. A bullish trend line is forming at $2,440 on the hourly chart, and a decisive move past $2,550 could propel ETH toward the $2,600 mark. Technical indicators reveal that ethereum has cleared the 61.8% Fibonacci retracement level from its recent swing high of $2,568, signaling potential for further gains. As of June 26, 2025, traders on Kraken and other exchanges are closely monitoring these developments, anticipating continued upward movement in ETH's price.

Ethereum Price Signals Strength — Bullish Momentum Builds

Ethereum's price has broken through key resistance levels, suggesting a potential upward trajectory. The cryptocurrency now trades above $2,350, with a bullish trend line forming at $2,440 on the hourly chart. A decisive move past $2,550 could accelerate gains toward $2,600.

Technical indicators show ETH cleared the 61.8% Fibonacci retracement level from its recent swing high of $2,568. The asset faces immediate resistance NEAR $2,500, with the 76.4% Fib level acting as current consolidation point. Market structure resembles Bitcoin's recent breakout pattern, reinforcing bullish sentiment.

Liquidity appears concentrated above $2,550, where a breakout could trigger algorithmic buying pressure. The 100-hour moving average now serves as dynamic support, confirming the shift in market structure. Traders watch for volume confirmation to validate the next leg upward.

Dogecoin (DOGE) Tests Resistance at $0.1680 Amid Consolidation

Dogecoin has initiated a fresh upward trajectory, surpassing the $0.1550 mark against the US Dollar. The meme cryptocurrency now trades above $0.160, supported by the 100-hourly simple moving average. A rising channel formation on the hourly DOGE/USD chart suggests potential for further gains, with immediate resistance looming at $0.1680.

Market participants observe consolidation near current levels, following a swing high at $0.1677. The 23.6% Fibonacci retracement of the recent MOVE from $0.1427 provides technical support. Should bullish momentum persist, challenges await at $0.1720 and $0.1750 resistance zones. Failure to maintain these levels could trigger retracement toward lower support thresholds.

XRP Price Trades Sideways — Bulls Preparing for Next Push?

XRP has initiated a fresh upward trajectory from the $2.150 support level, currently consolidating above this threshold alongside the 100-hourly Simple Moving Average. A bullish trend line is emerging at $2.1320 on the XRP/USD hourly chart, signaling potential for further gains if the asset closes decisively above the $2.220 resistance zone.

The cryptocurrency demonstrated resilience by rebounding from the $2.050 level, mirroring movements in Bitcoin and Ethereum. After clearing successive hurdles at $2.080 and $2.120, XRP surged past $2.180 before peaking at $2.2294. The current consolidation phase remains above critical Fibonacci levels, maintaining bullish momentum.

Market observers note immediate resistance at $2.220, with subsequent barriers at $2.250 and $2.320. A decisive breakout beyond these levels could propel XRP toward the $2.40 benchmark, potentially unlocking further upside potential.

Kraken Secures MiCA License in Ireland, Unlocks Full Crypto Access Across EU

Kraken has obtained a Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland, marking a pivotal expansion of its European operations. The approval, announced on June 25, follows the full implementation of MiCA regulations across the EU in December 2024. This license allows Kraken to offer spot trading, derivatives, custodial services, and payments infrastructure throughout the European single market without country-specific authorizations.

The MiCA framework replaces Kraken's previous patchwork of national registrations in France, Italy, Spain, and the Netherlands. "This authorization is not just regulatory alignment—it's foundational to our European growth strategy," said Kraken Co-CEO Arjun Sethi. The exchange now positions itself as a stronger competitor against global rivals under the bloc's harmonized crypto rules.