#MarketRebound

$ETH Ethereum surges above $2700.. Details on the rocket-like momentum!

June 10, 2025, 15:07

The price of the digital currency Ethereum experienced a rocket-like increase on the morning of Tuesday, June 10, 2025, surpassing the $2700 level for the first time in 12 days, recording a daily jump of 9% and regaining its highest levels since May 29. This strong rise represents Ethereum's third breakthrough of the $2700 level this year, achieving weekly gains of nearly 14% after trading close to $2399.

Ethereum's rise coincided with positive shifts in its ecological network, as the volume of staked Ethereum reached a new record of 34.65 million coins according to Beaconcha.in data, equivalent to 28.7% of the current total supply of 120.8 million coins. Furthermore, Ethereum-related exchange-traded funds continue to attract massive inflows, totaling $900 million over 16 consecutive days. Institutional buying activity has supported Ethereum's upward momentum, as reports revealed that BlackRock - one of the largest global investment fund issuers - had gathered over $500 million in Ethereum in recent days. This institutional interest was also manifested in Abraxis Capital's acquisition of 350,000 Ethereum coins worth $837 million earlier in May. #MarketRebound