$ETH Ethereum Update – Mid-June Pulse (130 words)

Ethereum (ETH) is trading around $2,783, showing a solid intraday gain of ~$77, rebounding from recent consolidation . Institutional interest remains strong—spot ETH ETFs have seen seven straight weeks of inflows, totaling nearly $300 million last week alone . BlackRock’s ETHA led with $303 million, now holding over 3.7 million ETH . Technical indicators suggest momentum building: futures open interest is climbing, Gaussian channel points to potential targets of $3,100–3,600, and RSI is nearing overbought territory near the $2,790 resistance . On-chain metrics show exchange balances shrinking and 28–29 % of ETH supply staked, reinforcing supply squeeze . With ETF inflows, technical strength, staking growth, and bullish on-chain trends all aligning, Ethereum appears poised for a continuation toward $3,000.