Key Highlights
- Ethereum hovered around $1,560 on June 30 amid renewed selling pressure across digital asset markets.
- A forecast by Rich Dad Poor Dad author Robert Kiyosaki projecting ETH at $95,000 by mid-2027 gained renewed attention.
- Bitmine expanded its holdings by 27,084 ETH, elevating total reserves to approximately 5.7 million ETH.
- SharpLink acquired an additional 10,000 ETH, increasing its position to 886,725 tokens.
- Ethereum has declined approximately 25% during the current quarter, heading toward a potential third consecutive quarterly decline.
Ethereum was changing hands near $1,560 on June 30, continuing a challenging period for the second-largest cryptocurrency. The downward movement coincided with renewed selling activity throughout the broader digital currency landscape.
The aggregate cryptocurrency market capitalization declined by approximately 1% to 1.75%, settling around $2.03 to $2.11 trillion. Bitcoin experienced losses ranging from 1.6% to 2.74% as capital withdrawals persisted from U.S. spot Bitcoin exchange-traded funds.
XRP, Dogecoin, and Cardano similarly experienced downward pressure throughout the trading session. This market-wide weakness reignited discussions surrounding a notable price projection from Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad.
Revisiting Kiyosaki’s Ambitious $95,000 Ethereum Projection
Kiyosaki originally unveiled his $95,000 Ethereum price target back in March, though the prediction gained renewed circulation this week throughout cryptocurrency communities on social platforms. Market analyst Rekt Fencer (@rektfencer) shared video footage of Kiyosaki suggesting that one year following the collapse of “the biggest bubble in history,” Ethereum could surge to $95,000.
Within the same video segment, Kiyosaki projected gold potentially reaching $35,000 per ounce and silver climbing to $200. He additionally forecasted Bitcoin ascending to $750,000 following the same catalytic event.
Kiyosaki acknowledged these price targets would necessitate approximately $285 trillion in aggregate market capitalization. This valuation significantly exceeds current market levels.
The remarks generated mixed responses within online trading communities. Several market participants interpreted the forecast as a long-term aspirational goal rather than an immediate price signal.
Institutional Accumulation Continues Despite Price Weakness
Notwithstanding the declining prices, certain major stakeholders maintained their accumulation strategies. Blockchain analyst Onchain Lens (@OnchainLens) disclosed that Bitmine purchased an additional 27,084 ETH during the previous week, representing approximately $42.95 million in value.
This acquisition elevated Bitmine’s aggregate holdings to roughly 5.7 million ETH, valued near $9 billion. The organization currently controls approximately 4.7% of Ethereum’s circulating token supply, with the majority deployed in staking protocols.
SharpLink similarly expanded its position, acquiring 10,000 ETH at an average entry price of $1,611. This transaction increased its cumulative holdings to 886,725 ETH.
SharpLink concurrently executed a repurchase of 2.13 million shares and secured $75 million in capital during the same timeframe. Despite this institutional buying activity, Ethereum has failed to establish sustained bullish momentum.
ETH has depreciated approximately 25% throughout the current quarter. This trajectory positions it for a potential third consecutive quarterly decline, which would represent an unprecedented occurrence for the asset.
Technical charts indicate ETH trading underneath a descending trendline that has functioned as resistance since mid-May. The token is additionally positioned below the Supertrend technical indicator.
Market analysts at Unknown.Ai indicated that ETH must recapture the $1,580 to $1,590 price zone to establish a pathway toward $1,630 and $1,660. A four-hour candlestick close beneath $1,550 would invalidate this technical setup and increase the probability of movement toward $1,500.
Analyst Ted identified $1,500 as a critical demand zone. He suggested that maintaining support at this level could facilitate a relief rally during the following month.
According to current market data, ETH was trading at $1,562 on the four-hour timeframe. The $1,600 price level represents the immediate resistance threshold for buyers to overcome.
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