Ethereum (ETH) is getting a lot of attention. Big investors are putting money into ETH, and now many people are asking:

👉 Can Ethereum break $3,000 this week?

🏦 BlackRock Moves Money from Bitcoin to Ethereum

On June 3, Ethereum ETFs saw $109 million in new investments. BlackRock led the way with $77 million in ETH inflows.

At the same time, BlackRock pulled over $561 million out of its Bitcoin ETF between May 30 and June 2. Although it later added back $58 million, the focus now seems to be on Ethereum.

📊 Experts think this could mean BlackRock is preparing for an “altcoin season”, where coins like ETH may rise more than Bitcoin.

🔎 On-Chain Data Shows ETH May Rise

According to IntoTheBlock, Ethereum’s price is close to a resistance zone between:

  • $2,726 and $2,856

  • Held by 2.7 million investors and 4.13 million ETH

Meanwhile, a bigger group of holders (10.77 million ETH) bought ETH at around $2,613. If ETH stays above this level, it could help push the price higher.

📈 CEO Predicts ETH Breakout

Joao Wedson, CEO of Alphractal, says ETH may soon break out. He shared a chart showing strong buying activity at lower levels.

He believes:

  • ETH could hit $2,830 after breaking $2,660

  • A stop-loss might be set at $2,556 to manage risk

🧮 Ethereum Price Chart Analysis

Here’s what the charts are showing:

  • ETH is up 1% today, 3% this week

  • Still trading between $2,395 and $2,699 (Fibonacci levels)

  • 50-day and 100-day EMA lines show a bullish signal

  • RSI also supports a possible rally

📊 If ETH breaks above $2,699, it could soon test:

  • 🎯 $3,000 (61.8% Fibonacci level)

  • And maybe even $3,436 (78.6% level) if the rally continues

🧠 Summary

  • ✅ BlackRock is shifting funds from Bitcoin to Ethereum

📈 Ethereum ETFs saw 12 days of positive inflows

  • 💪 On-chain data and charts suggest a strong chance of growth

  • 🎯 Ethereum may hit $3,000 this week if momentum continues

⚠️ Note: This article is for information only, not financial advice. Always do your own research before investing.

Source: online media Written By: Albert Brown

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