#MarketRebound

$ETH Ethereum surges above $2700.. Details of the rocket momentum!

June 10, 2025, 15:07

The price of the Ethereum digital currency experienced a rocket-like surge 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 marks the third breach of the $2700 level by Ethereum this year, achieving weekly gains of nearly 14% after trading near $2399.

The rise of Ethereum coincided with positive shifts in its ecosystem, as the staked Ethereum volume reached a new record level of 34.65 million coins according to Beaconcha.in data, equivalent to 28.7% of the current total supply of 120.8 million coins. Additionally, Ethereum-related exchange-traded funds continue to attract massive inflows, totaling $900 million over 16 consecutive days. Institutional buying support is driving the upward momentum of Ethereum, as reports revealed that "BlackRock" - one of the largest issuers of global investment funds - raised over $500 million in Ethereum in recent days. This institutional interest was also reflected in the acquisition by "Abraxas Capital" of digital asset management of 350,000 Ethereum coins worth $837 million at the beginning of May.