#MarketRebound

Ethereum skyrockets above $2700.. Details of the rocket momentum!

June 10, 2025, 15:07

The price of the digital currency Ethereum witnessed a skyrocketing 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 rise represents the third breach of the $2700 level by Ethereum this year, achieving weekly gains of nearly 14% after trading near $2399.

The rise of Ethereum coincided with positive shifts in its ecological network, as the staked Ethereum volume reached a new record level of 34.65 million coins according to data from Beaconcha.in, equivalent to 28.7% of the current total supply of 120.8 million coins. Additionally, exchange-traded funds linked to Ethereum continue to attract massive inflows, totaling $900 million over 16 consecutive days. Huge institutional purchases support the upward momentum of Ethereum, as reports revealed that "BlackRock" - one of the largest issuers of global investment funds - raised over $500 million in Ethereum over the past few days. This institutional interest was also reflected in the acquisition by "Abraxas Capital" for digital asset management of 350,000 Ethereum coins worth $837 million in early May.