#MarketRebound
As of June 4, 2025, Ethereum (ETH) is experiencing a notable upswing, trading at approximately $2,616.35 USD, marking a 2.91% increase from the previous day. This surge is largely attributed to significant institutional investments and a bullish market sentiment.
The recent momentum is bolstered by record inflows into spot Ethereum ETFs, which have seen their largest weekly intake of the year, enhancing investor confidence and driving prices upward. Ethereum's price peaked at $2,650.18 before stabilizing above the $2,600 mark, reflecting strong trading volumes and sustained bullish momentum.
Technical analyses indicate that Ethereum has broken out from a descending wedge pattern, suggesting potential for further gains. Key resistance levels are identified between $2,660 and $2,725, with bullish targets extending to $2,800 and possibly $2,860 if the upward trend continues.
Looking ahead, the potential approval of spot staking ETFs is generating optimism, with some analysts predicting that such developments could propel Ethereum's price to new heights, possibly reaching $12,000. However, it's important to note that these projections are speculative and subject to market dynamics.
