Ethereum stalls at $2,650 while Bitcoin Pepe eyes post-listing breakout

Ethereum (ETH) is currently hovering around $2,607 as the market digests a wave of developments ranging from internal protocol restructuring to mounting whale activity.

At the same time, Bitcoin Pepe, a meme-fueled Layer 2 project on Bitcoin, is riding strong presale momentum as it inches closer to a listing announcement expected on June 17.

Bitcoin Pepe

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Presale Announcement We’ve been working closely with exchanges, but as these things go, they need a bit more time to finalise. Therefore, our listing announcement is now set for June 17th, with more info coming 🗓️ To thank our early supporters, we’re giving a 30% bonus to

6:00 PM · Jun 2, 2025

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Investors are watching both assets closely, with Ethereum struggling to reclaim bullish ground and Bitcoin Pepe preparing for a potential breakout ahead of its exchange debut.

Ethereum price amid cautious whale accumulation after restructuring

Ethereum has faced repeated resistance at the $2,680 level, even after the Ethereum Foundation launched its new initiative called Protocol, aimed at scaling the network and improving user experience.

Protocol is the result of a significant internal restructuring within the Ethereum Foundation, including layoffs and a rebranding of its core research and development division.

The reorganization reflects Ethereum’s growing urgency to streamline how core upgrades are delivered, with the Foundation now focused on scaling Layer 1, boosting Blobspace for data availability, and enhancing UX.

Despite the positive narrative shift, Ethereum price action remains limited by a key rising trendline resistance and has failed to sustain its gains above $2,680.

On Wednesday, ETH was seen consolidating within a narrow band between its 200-day EMA at $2,461 and daily resistance at $2,680 for over 26 days, suggesting a breakout is imminent.

There is also a rising wedge, which further supports the bullish outbreak scenario, especially seeing that it has been forming higher highs and higher lows.

Technical indicators also show a bullish tilt, with the RSI at around 62 and both the MACD and Stochastic Oscillator in bullish territory, pointing to growing momentum.

If Ethereum can break and hold above $2,680, it could target $2,824 in the short term, a level that would mark a psychological and structural recovery.

However, a drop below its 200-day EMA would open the doors for a decline toward $2,340, where the 50-day EMA offers secondary support.

Adding to the cautious optimism is notable whale accumulation, with $364 million in ETH purchased by three key addresses in a 24-hour span, including a $320 million acquisition by a wallet linked to Consensys.

While these high-value buys reflect strategic confidence, broader whale activity remains muted, with large transactions falling sharply from earlier this year.

Data from IntoTheBlock shows a drastic decline in ETH transactions over $100,000, suggesting many large holders remain on the sidelines.

Still, the Whale Netflow Ratio is currently negative, indicating more ETH is moving off exchanges than onto them, which is typically a bullish signal for price stability.

The overall picture points to selective institutional confidence, with the Ethereum mainnet gradually reclaiming DeFi market share due to a $480 billion surge in stablecoin volume driven by automated bots.

Bitcoin Pepe rallies on presale success as it approaches key listing milestone

Bitcoin Pepe, the meme-driven Layer 2 ecosystem building on Bitcoin, has become one of the most talked-about crypto projects in 2025.

The project’s presale has already reached its final stage, attracting thousands of investors and building hype ahead of its first major listing announcement scheduled for June 17.

Only 12 days remain until the anticipated announcement, and interest continues to build as Bitcoin Pepe’s retail-focused narrative, high APYs, and Solana-style scalability on Bitcoin draw wider attention.

Unlike other meme coins, Bitcoin Pepe combines a viral, culturally rich brand with actual utility through its Layer 2 architecture and a DeFi-ready roadmap.

The presale’s staged pricing model has rewarded early entrants while increasing FOMO for those trying to secure tokens before the public launch.

With its staking pools offering aggressive yields and a community that is growing by the day, Bitcoin Pepe stands out as more than just a speculative meme play.

Its Layer 2 design positions it as a scalable DeFi contender on Bitcoin, an ecosystem that has long lacked meme-native infrastructure with serious traction.

Momentum continues to build as retail sentiment shifts in favour of high-potential low-cap assets, especially those with a viral edge and an upcoming catalyst.

Bitcoin Pepe’s combination of narrative, timing, and community engagement makes it a project to watch as the listing announcement nears.

Investors looking for early-stage exposure before exchange listings are viewing this final presale window as a rare entry point ahead of broader market discovery.

As Ethereum consolidates and broader markets wait for confirmation of trend reversals, Bitcoin Pepe is capturing attention with strong upside potential heading into mid-June.

To learn more and to buy Bitcoin Pepe, check out the Official Website.

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