Ethereum(ETH) Surpasses 2,500 USDT with a 0.97% Increase in 24 Hours

As of June 7, 2025, Ethereum (ETH) has surpassed the $2,500 mark, trading at approximately $2,499.23 USD, reflecting a 0.64% increase over the past 24 hours.

This upward movement is attributed to several factors:

Institutional Investment: There has been a continuous inflow into Ether-focused exchange-traded funds (ETFs), indicating growing institutional interest.

Corporate Adoption: Companies like BioNexus Gene Labs and SharpLink Gaming have been accumulating ETH as a treasury asset, contributing to sustained demand.

Reduced Exchange Supply: A decrease in ETH held on centralized exchanges suggests that investors are opting to hold their assets, reducing immediate selling pressure.

Technical analysis indicates that ETH has rebounded from key support levels, with strong buying interest observed around $2,584. Analysts are watching resistance levels at $2,645 and $2,700, which, if surpassed, could signal further bullish momentum.

Additionally, a significant $2 million call option bet has been placed, anticipating ETH to reach between $3,200 and $3,400 by the end of June, reflecting bullish sentiment among some traders.

While Ethereum has yet to reclaim its all-time high of $4,891 set in November 2021, the current market dynamics suggest a positive outlook for the cryptocurrency.