Hello everyone, I'm Xiao Hu. In the past week, ETH has repeatedly oscillated around 2500 USD, seeming calm, but there are undercurrents. Based on the latest data and institutional movements, my judgment is as follows:
Institutional whales quietly increase their positions. The world's largest asset management firm, BlackRock, has seen its holdings in ETH surpass 1.14 billion USD (an increase of over 150 million in a week). The entry of traditional financial giants with real money implies strong confidence in the future market. On-chain data also shows that large holders with 10,000-100,000 ETH have seen their holdings surge nearly 30% in the past two months, indicating that smart money is positioning itself.
The technical aspect is entering a critical decision period. ETH is currently holding firmly at the 2500 USD support level; if it stabilizes, it may quickly attack the 2750 USD resistance. After breaking through, the next target is 3400 USD (a potential increase of over 35% from the current price). However, if it fails to hold above 2500, it may drop to 2350 or even 2185 USD. The direction choice in the next 48 hours is particularly crucial!
Intensive catalysts in June:
July Pectra upgrade preliminary battle: This upgrade will optimize the validation mechanism (for example, increasing the single node staking limit from 32 ETH to 2048 ETH), speeding up and reducing costs is imminent. Historical experience shows that prices often rise before upgrades.
Regulatory tailwinds: Trump has nominated a pro-crypto individual to lead the SEC, and ETH ETF funds have seen a net inflow of 1.5 billion USD in the past two weeks, indicating a loosening of policy constraints.
Price target revised upwards: Multiple institutions predict a challenge to the 3400-3500 USD range by the end of June, with conservative estimates looking at 2900 USD.
Summary by Xiao Hu: ETH has established a dividing line between bulls and bears at 2500 USD. Short-term volatility is inevitable, but with the triple benefits of upgrade dividends, institutional accumulation, and regulatory shifts, the probability of breaking upward in June is higher. It is recommended to accumulate on dips and wait for the Pectra upgrade to ignite the mid-market!
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