Over the last 24 hours, Ethereum price rise has caught most investors and traders by surprise. The price rose from $2,488.3 to $2,681.69 — which is more than an 8% daily rise. At present, ETH is trading at a value of $2,544, with its 24-hour trading volume at $27.13 billion and its market cap of $323.76 billion, as per CoinMarketCap. Over the last week, it has risen by over 3%, while its monthly performance indicates a rise of over 7%.
Source: CoinMarketCap
Why Ethereum Price is Going Up Today?
Shanghai Upgrade More flexibility: The Shanghai upgrade, completed in June 2025, allowed users to withdraw staked ETH, unlocking over 17 million tokens. This gave investors more freedom and improved the system’s liquidity and staking model. Ethereum co-founder Vitalik Buterin and core developer Tim Beiko said this upgrade is also improving scalability and validator activity. Even though the total value locked (TVL) saw a small dip, overall investor confidence has improved.
BlackRock ETH Accumulation Boosted Market Trust: The most massive trigger was BlackRock's huge $500 million purchase of ETH in the space of 10 days. Nine days of inflows into their iShares Ethereum Trust, ETHA, took hold to 1.5 million ETH. Over 40% hike in the share price of ETHA reflects strong institutional support with funds now rotating from Bitcoin to this coin.
Source: X
Spot Ethereum ETF Inflows Continue to Increase: In addition, data from ETFs also indicates the price surge. For June, spot ETFs reported a net inflow of $333.78 million, in contrast to $564.18 million for May.
Source: SoSoValue
As of June 9, the total net assets of these ETFs are reported to be $9.80 billion, which is about 3.13% of its total market cap. Daily inflow is averaging at $52.71 million, which shows constant interest.
Ethereum Price Prediction: Will ETH Hit $3,000 Sooner?
The most recent price action is building an ascending triangle pattern. Analysts such as Crypto Gems point out that it has a series of higher lows, and the zone of resistance is at $2,700. If this can hold up over $2,700 on high volume, this pattern could build towards a breakout to $3,000.
Source: TradingView
Fibonacci retracement indicators will show the next key levels after the $2,700 breakout as $2,870, then $3,000, and possibly $3,865. These levels match previous market trends, where prices jumped quickly after technical breakouts.
Ali Martinez, a crypto analyst, advised caution and said to wait for a stable close above $2,750 before getting fully bullish. Otherwise, the price may drop back toward $2,500 or even $2,380.
Another expert, Ted Pillows, believes Ethereum price prediction for June is around $3,000, and if momentum continues in Q3 2025, it could even touch $4,000. He bases this on strong ETF inflows, technical patterns, and market recovery.
Conclusion
To sum it up, the price has shown strong daily and monthly growth due to two major reasons: the Shanghai upgrade and BlackRock accumulation. Along with rising Spot ETF inflows, these factors have made ETH more attractive to investors.
Disclaimer: This is for information purposes only. Investors are advised to do own research before investing.
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