$ETH

Ethereum Explodes Upward Above $2700.. Details of the Rocket Momentum!

June 10, 2025, 15:07

The price of the digital currency Ethereum witnessed a rocket rise on the morning of Tuesday, June 10, 2025, exceeding 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 the third breakthrough of Ethereum above the $2700 level this year, achieving weekly gains of nearly 14% after trading close to $2399.

The rise of Ethereum coincided with positive shifts in its ecosystem, as the volume of staked Ethereum reached a new record high of 34.65 million coins according to data from Beaconcha.in, which accounts for 28.7% of the current total supply of 120.8 million coins. Exchange-traded funds linked to Ethereum continue to attract massive inflows, totaling $900 million over 16 consecutive days. Massive institutional purchases support Ethereum's upward momentum, 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 in early May.