Just when the market thought cryptocurrencies were entering a consolidation phase, Ethereum $ETH quietly reversed the trend with explosive momentum. Since early June, major Ethereum spot ETFs globally have shown a net inflow trend for over two weeks, with total inflows exceeding $800 million, backed by consistent increases from top asset management institutions such as BlackRock and Fidelity. At the same time, clear technical breakthroughs have emerged, on-chain data shows significant increases in whale holdings, and the derivatives market continues to expand. Multiple signals resonating suggest that this is no longer a short-term rebound, but the beginning of the next medium to long-term bull market for Ethereum. The following analysis outlines the factors behind this surge:
📊 One, Institutional funds are entering strongly
• ETF has seen continuous inflow of funds for 15 days: As of yesterday, the U.S. Ethereum spot ETF has had net inflows for 15 consecutive trading days, with a cumulative amount exceeding $837 million (approximately $3.33 billion).
• Daily funds continue to flow in: On June 6, 2025, a single-day inflow of approximately $25.22 million was recorded, with BlackRock's ETHA contributing about $15.86 million, proving that core institutions are still steadily increasing their positions.
The long-term continuous inflow of ETF funds is not a one-time hype, but rather a structural investment action by institutions, indicating that Ethereum is being positioned as a medium to long-term asset.
⚙️ Two, Technical patterns and trading volume further confirm
• Breakout from long-term downward channel: ETH has broken through the downward trend channel since 2024, successfully stabilizing in the $2,500–2,540 range.
• Trading volume coincides with breakout: A breakout accompanied by a significant surge in trading volume is the most important confirmation for technical breakthroughs.
• Technical indicators show bullish signals: The 4-hour/daily MACD has shown a golden cross, RSI is in the 60–62 range, not yet in the overbought zone, indicating still potential for upward movement.
🐋 Three, On-chain whales and institutional undercurrents active
• Large holding addresses increase by 15%: Glassnode tracking data shows a significant increase in addresses holding over 1,000 ETH between June 8 and June 9.
• Whales are making large purchases and staking arrangements: Large addresses purchased over 60,000 ETH (approximately $400 million), further participating in staking or deploying in the L2 ecosystem, highlighting a trend of locked positions.
Investment logic is shifting from short-term speculation to long-term considerations, with whales and institutional funds engaging in structured accumulation, providing a solid foundation for market movements.
💹 Four, The derivatives market is also simultaneously active
• CME ETH futures open interest has risen by 8–10%: Reflecting institutions' shift from spot to futures participation.
• 24-hour trading volume exceeds $10 billion: Major platforms like Binance and Coinbase have seen record trading volumes, coinciding with ETF funds entering the market.
🧭 Five, Support/Resistance and subsequent strategies
• Key support area: $2,460–2,500 serves as the mid-term core support, remaining stable in the short term.
• Recent pressure zone: Breaking through $2,540–2,600 is expected to open up the next wave of upward momentum, targeting $2,800–3,000.
Strategy recommendation:
• Mid-term investors can gradually enter the $2,460–2,500 range.
• After breaking key resistance, consider holding or adding positions.
• Strict stop-loss measures to guard against sudden macro or regulatory shifts
The dynamics from yesterday, June 8, showcase that funds, technology, on-chain, and derivatives have all concurrently strengthened, representing a classic collection of bullish signals. Institutional allocations have not shown signs of decline, whales continue to enter the market, technical patterns are complete, and strategically, if a breakout occurs, it will confirm the bullish development trend.
• ✅ Funds, technology, and supply-demand are all improving together
• ✅ Multi-factor resonance indicates a structural bull market
• ✅ After breaking out, conditions are in place for a push to $3K
