$ETH 🔹 ETH Soars to Highest Level in 15 Weeks

ETH broke through the resistance range of ~$2,800–2,833 on June 11, 2025, reaching a high of ~$2,833, driven by a surge in short liquidations of around US$1.8 billion.

Network activity also surged; the number of unique addresses increased by 70% in the second quarter, largely driven by the Base ecosystem.

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🔹 Inflows of Spot ETH ETF & Network Activity

Inflows into the spot ETH ETF continue to strengthen, supported by increased activity in L1 and L2, with the total value locked (TVL) remaining dominant at 61% of the DeFi market (around US$66 billion).

However, revenue from the network is relatively low (US$43 million over 30 days), raising concerns about staking viability and deflation.

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🔹 Staked ETH Reaches New Record

The total ETH staked has now reached ~34.8 million, which is 28.15% of the total supply, with Lido leading and growth from centralized exchanges like Binance & Coinbase exceeding 15%.

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🔹 Prospects & Derivative Activity

Technical analysts see bullish momentum. ETH futures have broken through the US$2,800 level on the derivatives exchange, opening up opportunities for the next resistance at US$2,882–2,967.

Open interest in ETH perpetuals on Kraken has reached a record high of 30,000 ETH, indicating high speculation and upcoming volatility.

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🧭 Conclusion & What It Means for Investors

1. Technicals + fundamentals align – Price spikes supported by technical momentum, ETF inflows, staking, and increased adoption.

2. Significant volatility risk – Record open interest and accumulation of bearish options indicate potential sharp fluctuations.

3. Staking & network fees – Positive staking records, but low fee revenue is an important note for long-term stakers.