$ETH Here’s the current Ethereum (ETH) market snapshot:

🔍 Market Overview

• Price: ~$2,545 USD

• 24‑hour change: Down ~$95 (–3.6%)

• 24‑h range: $2,466 – $2,658

📊 Context & Insight

• Market Cap: Around $307 billion, ranked #2 among cryptocurrencies 

• Recent Trends: ETH rose toward $2,800 ahead of June 11 US inflation data, but has since cooled, currently near $2,550 

• Technical & Institutional Developments: Analysts describe ETH as “digital oil,” with some bullish price targets as high as $8,000 in the short term and even up to $80,000–$700,000 in long-term scenarios. However, this view depends on strong structural growth and breaking multiple resistance levels 

📰 Noteworthy News

• Stablecoin backbone: Nearly half of stablecoins are built on Ethereum, boosting its utility and resilience

• Corporate buy-in & staking: SharpLink Gaming became the largest public ETH holder with ~$463 million purchased and staked 95% of it—yet ETH prices dipped amid broader market pressure 

• Recent recovery: ETH has rebounded about 90% from its April lows near $1,400, fueled by institutional inflows into US spot ETH ETFs (~$240 million recently) 

📈 Summary

Ethereum is currently trading around $2,545, down about 3–5% over the past day. Its recent surge toward $2,800 has paused, and the next key levels to watch are $2,500 for support and $2,850–$3,000 for resistance. Ethereum continues to benefit from its central role in stablecoins, growing institutional interest, staking uptake, and major upgrade roadmaps like “Pectra.”

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