๐ข Ethereum ($ETH ) Rally ๐ โ As of June 11, 2025
$ETH is firing on all cylinders right now โ clocking in a 3โ7% jump in the past 24 hours and firmly reclaiming the $2,700โ$2,800 zone. Here's why it matters:
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๐ Whatโs Fueling the Surge?
Big institutional inflows: Over $800M+ has poured into ETH spot ETFs since mid-May โ a strong vote of confidence from even the most cautious investors .
Network growth: Total value locked (TVL) is up ~6% this month, while Layerโ2 ๐ activity and active addresses are climbing โ showing real ecosystem expansion .
Technical breakout:$ETH ETH broke resistance at $2,735โ2,800, overcoming its 50 & 200โday EMAs. Next targets: $3,000โ$3,100+