$ETH Here’s the current update on Ethereum (ETH) and what’s moving the market:

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🔍 Latest Market Drivers

📈 Price Surge & Momentum

• ETH has jumped roughly 6.5%, climbing above the $2,700 resistance and currently hovering near $2,796 after intraday highs around $2,821   .

• On June 10, CoinDesk reported a surge to $2,744 on heavy volume, driven by optimism and bullish sentiment, with some analysts eyeing levels up to $4,000  .

🧠 Technical Structure & On‑Chain Trends

• Ethereum is consolidating within a $2,400–$2,700 range, backed by robust support between $2,349 and $2,426, setting up for a potential breakout  .

• Indicators show a nearing breakout above key EMAs and the $2,790 resistance, suggesting ETH might test $3,100–$3,600 levels  .

🐳 Whale Activity & Short Squeeze Potential

• ETH hit a 15‑week high (~$2,827) on June 10, triggering around $1.8 B in short liquidations  .

• A prominent whale executed a $75 M purchase on May 27 and sold at ~$2,827—locking significant gains  .

🌍 Broader Market & Macro Factors

• Bitcoin also saw strong gains, breaking $110K on optimism around U.S. inflation data, which has buoyed ETH and altcoins—Ethereum surged as much as 11% ahead of CPI reports  .

• However, ETH briefly tumbled ~6% on June 6 amid market uncertainty tied to geopolitical headlines and sentiment shifts  .

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📝 Trade Synopsis

Signal Observations

Resistance ~$2,790–$2,827 — breakout above could target $3,000+

Support $2,400–$2,426 range, acting as a safety net for dips

Risks Volatility tied to macro news; possible dead-cat bounces post rally

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📺 Market Commentary

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🧭 Strategic Outlook