$ETH
Ethereum Faces Volatility Amid Market Turmoil and Institutional Interest
Ethereum (ETH) experienced significant volatility on June 6, 2025, dropping over 6% to approximately $2,457, influenced by broader crypto market turbulence and geopolitical tensions .
Despite the downturn, institutional interest in Ethereum remains strong. BlackRock recently acquired an additional $34.7 million in ETH, signaling confidence in Ethereum's long-term value . Additionally, U.S.-based Ether ETFs have attracted $812 million over 14 consecutive trading sessions, marking the longest inflow streak of 2025 .
Technical analysis indicates that Ethereum encountered resistance near the $2,745 level earlier this week, leading to a pullback into the $2,420–$2,450 support zone. This area aligns with key Fibonacci retracement levels, suggesting potential stabilization if buying interest persists .
Looking ahead, Ethereum's price trajectory will likely be influenced by macroeconomic factors, institutional investment trends, and regulatory changes. Analysts suggest that if current support levels hold and positive momentum resumes, ETH could aim for the $3,000 mark later this month .