TL;DR

• Despite a strong rally in the past hours, one analyst cautions that Ethereum may face a pullback if it fails to close above an essential level.
• Conversely, many other experts remain optimistic, forecasting a breakout toward $3,500 or even $5,000-$20,000.

Troubles Ahead?

Ethereum (ETH) has been among the best-performing cryptocurrencies (at least from the top 100 club) in the past 24 hours, with its price surging by over 7% and currently trading at just south of $2,700. 

However, some analysts have pointed out certain factors that suggest the rally might be replaced by a short-term correction. The popular X user Ali Martinez touched upon ETH’s latest price dynamics, suggesting that investors should turn bullish only after a sustained close above $2,750.

Moreover, he predicted that the valuation could plummet to $2,500 or even $2,380 (a 10% decline from the current rate) in case of a rejection. 

It is worth noting that several hours ago, ETH attempted to break above this mark. It managed to climb to as high as $2,720 before slightly retreating to its current level.

Ethereum’s Relative Strength Index (RSI) also signals potential problems for the bulls. The momentum oscillator measures the speed and magnitude of recent price changes to help traders spot probable trend reversals.

It ranges from 0 to 100, and ratios higher than 70 typically indicate that the asset may be overbought and poised for a pullback. Conversely, anything under 30 could be interpreted as a bullish element. As of this writing, the RSI stands at approximately 71.

The Bullish Perspective

Despite the pessimistic scenarios mentioned above, multiple analysts foresee further gains for the second-largest cryptocurrency. The X user, Michael van de Poppe, envisioned an ascent toward $3,400-$3,500 if ETH breaks the resistance at $2,800.

CRYPTOWZRD shared a similar thesis, assuming that a rise above that level could trigger a pump to as high as $3,550. “You’ll likely see a very quick bullish rally from Ethereum,” they added.

CryptoELITES and Gert van Lagen were even more optimistic. The former argued that the ETH-BTC pair is “looking very strong,” foreseeing a rise to $5,000. For his part, Gert van Lagen opined that ETH may be closer to the whopping target of $20,000 than most anticipate. 

Bitcoin (BTC) is currently at a crossroads, facing the risk of a further correction or a breakout beyond its latest all-time high (ATH) of approximately $111,980.

Analysts at the cryptocurrency exchange Bitfinex say the asset is awaiting its next macroeconomic cue while maintaining a balance between structural support and waning bullish momentum. The coming days will determine if BTC is entering a broader consolidation phase or if the rally will resume. This largely depends on how bitcoin’s price interacts with certain thresholds marked by on-chain pricing models.

Bitcoin at a Crossroads

Last week, BTC experienced an intense correction fueled by a public dispute between U.S. President Donald Trump and billionaire businessman Elon Musk. Their feud triggered high volatility that exacerbated market uncertainty.

On June 5, BTC fell to a local low of $100,420, triggering $900 million in long liquidations across the crypto market. This marked the largest single-day liquidation since April. In eight days, total long liquidations surged to more than $1.9 billion, creating an aggressive shakeout that helped clear excessive leverage from the system.

The wave of aggressive deleveraging reset positioning and potentially paved the way for more stable price action in the coming weeks.

However, with long-term BTC holders still distributing their assets and realizing profits, analysts believe the risk of short-term correction will continue to grow. This risk is intensified by the absence of a strong catalyst to push BTC above its current ATH.

Key BTC Support Zones

Since bullish momentum is still stalling, Bitfinex has used on-chain pricing models to identify potential support areas in the event of further correction. The $114,800 (upper bound), $97,100 (mean), and $83,200 (lower bound) levels show the range of short-term sentiment. Analysts believe BTC will consolidate if its price remains sustained within this range, while a breakout will determine the asset’s direction.

If BTC rallies above $114,800, then there would likely be a renewed momentum-driven leg higher, which will be supported by spot demand. A decline below $97,100, particularly below $95,600, would signal cooling sentiment and a possible fall to $83,000.

Meanwhile, on-chain data has highlighted the $103,700, $97,000, and $83,000 levels as key support zones in the coming days.

“How the price interacts with these thresholds in coming days will offer a high-signal view on whether the rally resumes—or if weʼre entering a broader consolidation phase,” Bitfinex stated.

[PRESS RELEASE – Dubai, UAE, June 10th, 2025]

On June 10, MEET48 — the world’s first Web3.0 AI-Agent and AIUGC creator & fan economy entertainment community — announced it will officially launch its TGE on June 11, 2025. MEET48’s native token, $IDOL, will be listed on Binance Alpha, Bitget, Gate, MEXC, and PancakeSwap. With a vision of disrupting Web3 through entertainment and leading a new Web3 entertainment era with idol cultivation and fan economy, MEET48 continues to shape the future.

Binance Wallet and PancakeSwap have announced that MEET48’s TGE will take place on June 11, 2025, from 8AM to 10AM (UTC). Eligible participants must use Binance Alpha Points to join the subscription. $IDOL will go live on Bitget, Gate and MEXC on June 11, 2025 at 12PM (UTC).

Currently, MEET48 boasts 3.8 million active users and 500,000 Web3 wallets globally, frequently ranking #1 among social applications on BNB Chain with on-chain interaction volumes exceeding hundreds of millions. With the TGE as a starting point, MEET48 will inject a range of major AI entertainment products and services, aiming to reinforce the utility and market value of the $IDOL token, and position it as a mainstream token in the Web3 real-world application landscape. The project also targets the market pain point of “IEO as a short-term peak,” striving to deliver long-term value for investors.

In previous major Web3 events from 2024 to 2025 — whether in Hong Kong, Tokyo, Bangkok, or Singapore — MEET48 captivated global audiences with its distinctive interactive formats and powerful stage performances. For instance, during TOKEN2049, MEET48 hosted the Side Event “Back To The Streets,” where idols engaged in face-to-face interactions and handshakes with fans from around the world, deepening emotional bonds between them.

In addition, MEET48 officially announced that it had secured token round funding from a number of prominent institutions and individuals, including Liang Xinjun (Co-founder of Fosun Group), Hash Global, HashKey Capital, and Animoca. The round valued the project at a fully diluted valuation (FDV) of $100 million. Following the TGE, MEET48 will reveal further breakthroughs from this funding round, continuing to advance its mission of redefining Web3 through entertainment — and opening up broader possibilities for its future development on BNB Chain.

On June 9, MEET48 launched its $IDOL airdrop program for all users interacting with the MEET48 ecosystem, partner communities, special contributors, active users of Mars Protocol, the top three winners of “The Mars Audition for Best3 AI-MEME” and holders of ecosystem NFTs. The first token claim will open immediately after TGE and can be used to participate in the 1st Web3.0 All-Community Annual Idol Popularity Audition & Ceremony (WIPA). Notably, WIPA is the first global initiative to integrate blockchain mechanisms into idol audition systems. It is co-hosted by MEET48 and China’s major youth girl group SNH48 GROUP as global strategic partners and will be held on August 2 at Arena, AsiaWorld-Expo, Hong Kong. All members of SNH48 GROUP and their overseas AI-Agent virtual group will participate in the WIPA Global Finals to compete for resources in overseas and Web3 development.

2025 Q3 Roadmap — Mars Protocol, AIdol Producer, and AI-Audition

Beyond WIPA, MEET48 will continue to execute its published ecosystem roadmap. In Q3 2025, MEET48 will further develop the Mars Protocol — a BSC-based AI-Agent and social idol coin launch platform. AIdol Producer will allow users to create AI Idol-Agents with autonomous interaction capabilities in one click, supporting chat, livestreaming, and virtual performances, while also leveraging advanced AIGC technologies to generate AI-based music, dance, and multimedia content.

At the same time, MEET48 will launch “AI-Audition”, a next-generation AI + Web3 upgrade of the globally renowned game IP “Audition” — a classic dance simulation game with over 1 billion users and over $10 billion in historical revenue. “AI-Audition” is developed by the original “Audition” marketing team and deeply integrated with the MEET48 community, using $IDOL as its main in-game currency. It is built on the Web3 framework and rooted in idol cultivation and fan economy principles. As the world’s first virtual music and dance LLM + AI-Agent-powered simulation chain game, “AI-Audition” fuses three ecosystems under Web3 consensus: the music & dance AIUGC creator economy, virtual idol/group cultivation system, and dance simulation gameplay.

As the core content pillar of the MEET48 ecosystem, “AI-Audition” represents the largest classic game IP integration in the history of AI entertainment and GameFi. With over 3 years of R&D, a total investment exceeding $100 million, and more than 500 developers, “AI-Audition” is set to launch public limited testing in Q3 2025, poised to become a landmark global industrial breakthrough in AI and Web3.

2025 Q4 Roadmap — CoinFishing and MonopoliFi

In Q4 2025, MEET48 will introduce more game projects using the same governance token for community incentive and governance. CoinFishing combines a decentralized explosion rate mechanism with a market-driven swap liquidity pool to create a next-gen 3D upgrade of the classic fishing game under a fair, non-intervention Play-to-Earn model. MonopoliFi is a large-scale GameFi project integrating open-world and city-building UGC mechanics, allowing users to mine through tasks, build virtual cities using in-game editors, and conduct on-chain transactions — bridging the game economy with real-world financial systems.

2026 Q1 Roadmap — AI-Audition, Decentralized AI-Agent Graphic Social Layer, and Metaverse

In Q1 2026, AI-Audition will enter unlimited testing and commercial operation. MEET48 will also prioritize the development of a decentralized AI-Agent-based graphic social layer and the MEET48 Metaverse. With its foundation in UGC creation and token-driven idol popularity growth, MEET48 aims to co-build with its users a robust Web3 + AI-powered entertainment infrastructure, pioneering the future of idol cultivation and the fan economy.

About MEET48

MEET48 is the world’s first AI-Agent and AIUGC-powered fan economy entertainment community and is regarded as one of the largest Web3 application project teams globally. With a 500-member R&D team and regional operations spanning Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai, MEET48 is committed to realizing mass adoption of Web3 through a youth entertainment ecosystem centered around AIGC (Animation, IDOL, GAME, and Comics) and a graphically intelligent social metaverse base.

Official Website: https://www.meet48.xyz/

Twitter (X): https://x.com/meet_48

Telegram: https://t.me/MEET_48

Discord: https://discord.gg/meet48