Ethereum Ends June with 1.5% Loss Despite Bullish Signals Hyperliquid Faces Critical Test at $41.55 Remittix Emerges as Utility Token Contender

Ethereum's (ETH) price has been a subject of intense debate as the market grapples with conflicting signals from on-chain metrics and ETF flows. Despite a series of bullish developments in June, the token ended the month with a 1.5% loss, leaving traders to ponder whether the rally is merely delayed or derailed altogether. Meanwhile, lesser-known tokens like Remittix are gaining attention for their practical use cases in real-world payments.

Hyperliquid (HYPE), a token that has surged in recent weeks, is now facing a critical test near the $41.55 resistance level. This level aligns with a Golden Pocket Fibonacci retracement and previous price ceilings, indicating a potential reversal zone. Technical analysts suggest that HYPE may have completed its impulsive rally and could now enter an ABC correction phase, with a possible pullback to the $26.53 support area. However, the correction appears orderly, with no signs of panic selling. Unless bulls reclaim the $41.55 level with volume, sideways movement or a dip remains the likely path, offering a potential entry point for traders looking to accumulate.

Ethereum's June metrics appeared promising, with US spot ETFs recording their second-best month since launch, pulling in over $1.1 billion in net inflows. Accumulation addresses, which have never sold ETH, saw their highest monthly increase in history, signaling strong conviction among long-term holders. Additionally, large companies such as SharpLink Gaming and Bit Digital added ETH to their treasuries, and staking reached an all-time high of 35.52 million ETH. Despite these positive indicators, ETH struggled to record a positive trend, remaining trapped between $2,300 and $2,500. Traders attribute this underperformance to global market jitters, political tensions, and whale offloading. One whale recently pulled 95.3K ETH from staking, sending over 68K ETH to exchanges, which could signal potential sell pressure.

While Ethereum struggles for momentum, Remittix (RTX) is emerging as a stealth contender in the utility token space. Its crypto-to-fiat bridge allows users to send tokens like ETH or USDC directly to bank accounts in minutes, offering a significant breakthrough in payments. For instance, a gig worker in Brazil can use Remittix to receive reais straight into their bank account at just 1% cost, avoiding the 6–8% fee associated with traditional exchanges. With upwards of $15.8 million already raised and RTX trading at $0.0811, its upside potential remains substantial. Backers believe Remittix could follow, or even exceed, early-stage Ripple’s trajectory, given the $190 trillion payments market ripe for disruption.

Ethereum's long-term fundamentals remain strong, but short-term price action has been underwhelming. Hyperliquid’s chart setup suggests a pause rather than a crash. Meanwhile, real-world use cases like those offered by Remittix are capturing investor imagination. For traders seeking practical blockchain solutions with breakout potential, RTX may be worth a close look.