Ethereum is enjoying a robust rebound, trading near $2,780 with intraday highs above $2,820, driven by strong institutional demand and macroeconomic optimism. On June 10, ETH surged roughly 6–7%, reclaiming the $2,700 level—its highest point in over 15 weeks—thanks to the successful implementation of the Pectra hard fork and major inflows into ETH-based ETFs. Its DeFi dominance persists with about 61% of total value locked (around $66 billion), while tokenization of real-world assets continues to expand. Technically, ETH has broken out of consolidation and is positioned for possible further gains toward $3,000–4,000. Overall, sentiment is bullish, highlighting growing confidence in Ethereum’s long-term fundamentals and its critical role in the evolving blockchain ecosystem.
