$ETH

Here’s the latest on Ethereum (ETH) as of today, June 13, 2025:

📊 Market Snapshot

Current Price: As shown above, ETH is currently trading around $2,850–$2,900, reflecting slight intraday fluctuation.

Market Position: Ethereum remains the second-largest cryptocurrency by market cap, with steady trading volumes.

🚨 Key ETH News Today

1. Market Retreat Amid Crypto-wide Selloff

ETH has pulled back roughly 3–4% in response to a broader market correction—driven by global macroeconomic uncertainty and Bitcoin’s dip—testing its recent support levels near $2,800 .

2. Technical Outlook: Testing the $2,800 Support Zone

Chart analysts suggest ETH is hovering around a pivot area:

A sustained break below $2,800 could lead to deeper downside (toward $2,600).

Holding above that level may set the stage for a rebound toward $3,100–$3,200 .

3. Ethereum L2 Upgrades & Ecosystem Growth

Multiple Ethereum Layer‑2 solutions (Arbitrum, Optimism) report rising TVL and user activity. A recent protocol update from Optimism improved gas efficiency by ~10%, which could bolster network usage over time .

🔍 Analyst Insights

Short-Term Risk: ETH may face further pressure if broader financial markets remain jittery.

Mid-Term Outlook: Ecosystem improvements underpinned by L2 adoption provide a bullish backdrop—especially if ETH holds key support and macro conditions stabilize.

🔜 What to Monitor Next

Price Action: Watch if ETH sustains $2,800 support or rebounds toward $3,100.

Layer‑2 Metrics: Keep an eye on TVL trends and performance improvements in L2 networks.

Macro Signals: U.S. inflation data and Fed communications could sway crypto sentiment overall.

📝 Summary

Ethereum is trading around $2,850–2,900, down ~3–4% amid a crypto market-wide dip.

Key support sits near $2,800—holding here is crucial for a potential comeback, while a break could trigger further losses.

Long-term optimism remains tied to Layer‑2 ecosystem growth and improving network efficiency.