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The price of the digital Ethereum (ETH) coin saw a notable rise on Tuesday, June 10, 2025, surpassing the $2700 level for the third time this year, the highest level since May 29.
This rise came with a daily increase of 9%, achieving nearly 14% weekly gains after trading near $2399.
This rise coincides with positive developments within the Ethereum ecosystem. The amount of Staked Ethereum has reached a new record of 34.65 million coins, equivalent to 28.7% of the total circulating supply of 120.8 million coins, according to Beaconcha.in data.
Exchange-traded funds (ETFs) linked to Ethereum continue to attract massive inflows, totaling $900 million over 16 consecutive days.
Major institutional purchases are reinforcing the bullish momentum for Ethereum. Reports have revealed that BlackRock, one of the world's largest asset managers, has collected over $500 million in Ethereum in recent days.
This institutional interest is also manifested in the acquisition of 350,000 Ethereum by Abraxas Capital for digital asset management, valued at $837 million in early May, reflecting growing confidence in the future of digital currency.
Despite the strong performance, the current price of Ethereum is still 40.9% lower than its all-time high of $4600. The $2700 level represents a key resistance barrier that the price has tested three times recently, while surpassing $2795 is essential for the continuation of the bullish trend.
Technical analyses indicate that Ethereum needs continuous institutional inflows and a positive market environment to achieve critical breakthroughs.
However, the accelerated growth of staking and increasing institutional adoption of Ethereum bolster positive expectations for the currency.
Digital market analysts expect that stabilizing the price above $2700 could open the door to targeting the $3000 range by the end of the third quarter of 2025, especially with the increasing use of the Ethereum network in decentralized finance (DeFi) applications and institutional digital assets.
