Ethereum Ignites: $3,600 May Be Closer Than You Think!
📊 Trade Setup: Long (Buy)
Entry 1: $2,700
Entry 2: $2,500
TP1: $3,000
TP2: $3,250
TP3: $3,430
TP3: $3,600
Stop-Loss: $2,100
Price Overview
As of June 11, 2025, Ethereum ( $ETH ) is trading around $2,788, posting a solid 4.6% gain in the last 24 hours. ETH has broken out from the $2,650 resistance zone and is forming a bullish flag pattern, indicating growing upward momentum. The price recently tested highs near $2,820, signaling a possible push toward new levels.
Fundamental Boost
The Ethereum ecosystem is buzzing with positive developments. French banking giant Societe Générale is set to launch a USD-backed stablecoin on Ethereum in July—an institutional milestone. Meanwhile, the UK’s Financial Conduct Authority is moving toward lifting its ban on crypto-linked ETNs, a favorable step for ETH adoption. Adding fuel to the rally, rumors of BlackRock accumulating ETH are circulating, alongside an 18% jump in trading volume and open interest. Plus, Ethereum’s recent Pectra upgrade is enhancing transaction speeds and flexibility, further strengthening the fundamentals.
Technical Outlook
Technically, ETH has completed a bullish flag breakout above $2,600, with a projected mid-term target of $3,600. The RSI sits around 64, signaling healthy bullish momentum without being overbought. ETH is also trading well above its 50-day and 200-day moving averages, providing strong trend support. Futures and options open interest are climbing steadily, reflecting growing confidence among traders.
Sentiment & Price Movement
Market sentiment is leaning bullish. If ETH holds above $2,750 and breaks through $2,820, we could see a quick move toward $3,100, followed by a potential run to $3,600 in the coming weeks. However, if price dips below $2,700, support lies between $2,400–$2,700.
📢 Overall, Ethereum is flashing strong bullish signals backed by institutional news, regulatory progress, and technical breakout patterns.
