As of June 8, 2025, Ethereum (ETH) is trading at $2,497.91 USD, with a 24-hour trading volume of $12.73 billion. The price has surged 46% over the past 30 days, fueled by growing institutional interest—particularly ETF inflows—and a solid technical setup that could see ETH push toward $3,340 in the near term.
🔧 Recent Developments Driving Momentum
🔄 Pectra Upgrade (Live Since May 7, 2025)
Ethereum’s most significant upgrade since Dencun (March 2024), Pectra combines updates from the Prague execution layer and Electra consensus layer, implementing 11 EIPs aimed at improving scalability, UX, and staking efficiency.
Key EIPs include:
EIP-7702: Empowers regular accounts with smart contract-like capabilities, enabling gas payments in tokens other than ETH, transaction batching, and improved DeFi/game UX.
EIP-7251: Raises validator stake cap from 32 ETH to 2,048 ETH, simplifying node operations for institutions.
EIP-7691: Doubles blob throughput (from 3 to 6 target blobs/block), enhancing Layer 2 scalability and lowering rollup costs.
EIP-6110: Cuts validator deposit times from ~12 hours to just 13 minutes, streamlining participation.
🔮 Fusaka Upgrade (Planned Late 2025)
Next in line, Fusaka will introduce PeerDAS, further increasing blob capacity and improving validator performance—expected to lower L2 gas costs and boost throughput.
🏗️ Ethereum Ecosystem Shifts
Ethereum Foundation Restructuring: The Foundation has reorganized its core development team, with a renewed focus on scalability, UX, and a revamped treasury policy for better DeFi support.
📈 Institutional Inflows Surge
BlackRock’s spot Ethereum ETF has shown robust activity:
June 2: 19,070 ETH (~$48.4M)
June 3: 29,580 ETH (~$77.1M)
June 5: 13,310 ETH (~$34.7M)
Total Holdings: Over $4B in ETH
On June 4 alone, nine ETH ETFs saw a net inflow of 38,478 ETH (~$100.43M)—a clear signal of rising institutional demand.
🧠 Analyst Outlook
With strong technicals, transformative upgrades, and deepening ETF flows, Ethereum’s breakout to $3,340 looks increasingly plausible in the short term. The narrative around staking scalability and L2 expansion continues to build long-term confidence in the asset.