$ETH

Ethereum Surges Above $2700

The price of the digital currency Ethereum experienced a meteoric rise on the morning of Tuesday, June 10, 2025, surpassing the $2700 level for the first time in 12 days, recording a daily jump of 9% and regaining its highest levels since May 29. This strong surge represents the third time Ethereum has breached the $2700 level this year, achieving weekly gains of nearly 14% after trading close to $2399.

The rise of Ethereum coincided with positive transformations in its ecosystem, as the amount of staked Ethereum reached a new record level of 34.65 million coins according to Beaconcha.in data, equivalent to 28.7% of the current total supply of 120.8 million coins. Additionally, Ethereum-related exchange-traded funds continue to attract massive inflows, totaling $900 million over 16 consecutive days.

The current price of Ethereum is still 40.9% below its all-time high of $4600. The $2700 level represents a major resistance barrier that the price has tested three times in recent months, while breaching $2795 is a prerequisite for the continuation of the upward trend. Chart analysis shows that Ethereum needs continuous institutional inflows and a positive market environment to achieve decisive breakthroughs