Ethereum update for June 10, 2025:
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đ Market Snapshot
As of now, ETH is trading around $2,738.9, up by about 6.5% on the day. Intraday range spans $2,572.95â$2,787.43, showing a strong bullish swing .
The rally aligns with a broader crypto surgeâBitcoin topped $110,500 todayâand altcoins including ETH jumped up to 11% amid rising optimism around U.S. inflation data .
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đ Technical & On-Chain Analysis
1. Breakout Structure
ETH has broken key resistance around $2,700â$2,735, clearing the 50âday EMA and gaining strong bullish momentum .
A bullâflag setup and a âmini golden crossâ on daily charts (EMA crossing 50âSMA) point to a rally toward **$2,900â$3,000+** .
2. Overbought Signals
The hourly RSI hit ~65 while daily shows slight overbought, cautioning a potential short-term consolidation or minor pullback .
3. OnâChain & ETF Flows
Weekly spot-ETF inflows into ETH have reached ~$295M, lifting assets under management to $14.09B .
Large wallets (1,000+ ETH) increased by ~15%, a positive sign of accumulation .
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đŽ ShortâTerm Forecast
Bullish scenario: A decisive hold above $2,735â$2,750, with strong volume, sets the stage for a test of $2,900â$3,000 resistance.
Bearish watch: If ETH slips below $2,650â$2,700, a consolidation back to $2,600â$2,620 is possible. Deeper correctives could test $2,500 support again.
CoinCodex even predicts a ~9.8% gain toward $2,827 by June 14 .
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đĄď¸ Key Levels to Track
Support: $2,700 (current pivot), $2,650 (50âday SMA), $2,600
Resistance: $2,800 â $2,900 (Fibonacci+psychological), then $3,000+
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â Summary
Ethereum is lighting up charts with a strong 6â11% daily surge, fueled by breakout patterns, institutional inflows, and onâchain accumulation. The current technical setupâespecially the bullâflag and movingâaverage alignmentâis pointing sharply higher. Just watch your entries closely near $2,700â$2,735, and pay attention to possible short-term pullbacks.