today’s Ethereum update:$ETH may retest $3,000 if current momentum holds
📈 Ethereum Price Snapshot (June 10, 2025)
Current Price: ~$2,755
Intraday Range: $2,628 – $2,794
24-Hour Change: +4–7%
Trading Volume: ~560,000 ETH
🚀 Key Reasons for the Rally
ETF Inflows: Strong institutional buying via spot Ethereum ETFs
Staking Surge: Over 34.6 million ETH staked (~28% of total supply)
Macro Optimism: Positive sentiment ahead of U.S. inflation data
Technical Breakout: Price broke above $2,700 resistance with bullish momentum
On-Chain Activity: Increased wallet engagement and transaction volumes
📊 Technical Indicators
Chart Pattern: Cup-and-handle breakout
RSI (Momentum): Near 70 — bullish, but nearing overbought zone
Resistance Levels: $3,000, $3,200, $4,000
Support Levels: $2,700, $2,550
⚠️ Risks to Monitor
U.S. inflation data release (could shift market sentiment)
Short-term pullback due to overbought technicals
Regulatory uncertainty around staking and ETFs
📌 Outlook
ETH may retest $3,000 if current momentum holds
Strong fundamentals and institutional interest support a bullish trend
Caution advised for short-term traders due to possible volatility
