$ETH

What’s Driving ETH’s Surge?

1. Strong Bullish Momentum

ETH recently reached a 15‑week high around $2,833 on June 11, following a ~14% rally over the past week  .

2. Institutional Inflows & ETF Demand

Spot ETH ETFs are attracting significant capital, and futures open interest on ETH is climbing—signs that big players are stepping in .

3. On‑Chain & Whale Activity

Over 30% of ETH supply is staked—a record high—and smart money trades (like whale profits of ~$7M in one trade) highlight growing confidence  .

4. Technical Breakout & Sentiment

Breaking above the $2,700 technical resistance, ETH is now eyeing pivots toward $3,000–$4,000 according to several analysts .

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🔍 Watch Points Ahead

• Sustainability Above $2,700: ETH has tested $2,700 multiple times—holding above consistently will be key .

• Options Market Tone: A buildup of bearish options positions is being used tactically—even as spot price rises .

• Macro Factors & ETF Flow: Continued ETF inflows, broader market sentiment, and technicals will influence whether ETH can push toward $3K+ .#eth