#ETH
REPORT ANALYSIS: JUNE 29, 2025 š
Ethereum ($ETH) is showing a mixed but resilient performance as of June 29, 2025. Currently trading around $2,437, it's seen a slight uptick from yesterday but remains down approximately 27% from a year ago. š This consolidation period follows a significant rally in early May, with ETH hovering between $2,400 - $2,700.
Technical indicators present a divided picture: some suggest neutral to slight bearish momentum in the very short term, with resistance points around $2,460 - $2,520. However, strong on-chain support is noted between $2,349 - $2,426. š”ļø
Crucially, institutional interest is surging! š„
The Ethereum Foundation recently moved $20M, sparking speculation, and institutional buying via ETFs is a major bullish driver, with some analysts eyeing a $10,000 ETH on increased demand and potential SEC approval for staking-enabled ETFs. While the market sees "the calm before the storm" š§, the long-term outlook remains overwhelmingly positive for ETH! š