- Ethereum surged 8% to reclaim $2,700, fueled by a record 34.65 million ETH staked and nearly $900 million in ETF inflows over 16 days.
- Institutional buying from firms like BlackRock and Abraxas Capital signals growing confidence in ETH’s long-term potential despite resistance at $2,700.
Ethereum (ETH) surged past the $2,700 mark early Tuesday, June 10, 2025, marking its third successful reclaim of that level this year. The 8% rally brought ETH to its highest price in 12 days, posting a 13.3% gain from last week’s low near $2,399.
This surge coincides with bullish momentum in the broader crypto market, led primarily by Bitcoin’s uptick. However, Ethereum’s price movement is being further bolstered by internal strength within its own ecosystem.
Also read: PENGU Memecoin Jumps 14% After Key Support Bounce – Is a Rally to $0.025 Next?
Staking Milestone Drives Investor Confidence
A major catalyst behind Ethereum’s rally is a fresh record in ETH staking. Data from Beaconcha.in reveals that over 34.65 million ETH—about 28.7% of the total circulating supply—is now staked. This growing lock-up signals long-term confidence among holders and helps reduce circulating supply, contributing to price pressure on the upside.
ETF Inflows Hit $3.38 Billion
Simultaneously, Ethereum-tied exchange-traded funds (ETFs) have witnessed a remarkable streak, registering nearly $900 million in inflows over the past 16 days. These funds now collectively manage over 3.77 million ETH worth an estimated $9.8 billion.
Institutional buying has followed suit, with giants like BlackRock reportedly acquiring over $500 million in ETH, and Abraxas Capital recently scooping up 350,000 ETH valued at approximately $837 million. This indicates growing institutional interest and belief in Ethereum’s long-term value.
Ethereum Eyes Breakout: Can It Push Beyond Key Resistance Level
Despite the recent gains, ETH still trades about 40.9% below its all-time high of $4,600. The $2,700 mark remains a key resistance level, and analysts believe a strong breakout above $2,737 could pave the way toward $2,795.
Momentum indicators support the bullish case, with the Relative Strength Index (RSI) bouncing back into neutral territory, signaling renewed buying strength. However, if ETH fails to hold above $2,386, a bearish pullback could invalidate the short-term bullish trend.
As long as ETF inflows and institutional accumulation continue, Ethereum may be primed for another leg up in the coming weeks.
