$ETH
Price Range Today: Between $2,520 and $2,787 per ETH, currently around $2,741.
• Daily & Weekly Gains: Up roughly 8–9 % over the last 24 hrs, and about 5% over the past week.
• Market Cap: Around $330 billion, making ETH the world’s second-largest crypto.
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🚀 Drivers Behind the Rally
1. Surging ETF Inflows
• Ethereum-linked ETFs have drawn seven consecutive weeks of net inflows totaling $296 million, with U.S. spot ETFs like BlackRock’s ETHA leading the way and attracting $281 million recently .
• Weekly inflows topped $295–400 million, boosting total assets under management to $14 billion+ .
2. Technical Triggers & Institutional Interest
• ETH is hovering just above $2,700, attempting to break a key resistance level—though price has dipped below a few times this month .
• Futures open interest has jumped ~40%, signaling heightened speculative positioning. A bullish Gaussian channel model targets $3,100–$3,600 .
3. Macro & Upgrade Background
• The Pectra upgrade (May 7, 2025) enhanced staking capacity and network efficiency—helping spark ETH’s recovery from a ~$1,580 April low .
• Broader crypto rally—coinciding with Bitcoin hovering ~$110 K—is driven by improving sentiment around U.S. inflation data and U.S.–China trade talks .
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📈 Technical Setup & Outlook
• ETH is trading within a sideways range of ~$2,400–2,700, repeatedly testing the ceiling with three failed breakout attempts in June .
• Bullish patterns are forming—CoinCodex expects ~9–10% gains to ~$2,827 by mid-June; other forecasts envision a climb to $3,000–3,100 .
• Key resistance levels to watch: $2,700–2,800, then psychological levels ~$3k.
