$ETH Ethereum (ETH) Mid-June Snapshot – Momentum Builds

Ethereum (ETH) is currently trading around $2,835, showing steady strength after a series of bullish catalysts. One of the biggest drivers is the continued surge in institutional ETF inflows, with $295M+ added just last week. Products like BlackRock’s ETHA have recorded 23 straight days of inflows, highlighting growing institutional confidence.

Recent SEC clarity on ETH staking—now considered non-security activity—has further strengthened Ethereum’s outlook. Coupled with the successful Pectra upgrade in May, which improved scalability and validator flexibility, ETH has climbed over 40% since early May.

Resistance lies near $2,900, with a breakout potentially targeting $3,000+. Support holds firm at $2,500–$2,600.

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