$ETH As of June 10, 2025, Ethereum (ETH) is trading at $2,723, reflecting a 7.15% increase from the previous close.
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📈 Key Drivers Behind ETH's Surge
Staking Milestone: Ethereum's staking has reached a new high, with approximately 28.7% of the circulating supply now staked. This indicates growing confidence in the network's long-term value.
Institutional Interest: Institutional demand is on the rise, with firms like BlackRock reportedly accumulating significant amounts of ETH. Additionally, Ethereum-focused ETFs have seen nearly $900 million in inflows over a 16-day streak.
Technical Indicators: ETH is consolidating between $2,400 and $2,750. A breakout above $2,750 could pave the way for a rally toward $3,000.
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🔮 Outlook
If ETH maintains support above $2,700 and breaks the $2,750 resistance, a move toward $3,000 is plausible. However, a drop below $2,386 could signal a reversal.