📰 1. Whale Boosts ETH Short Position – Watch Liquidation Risk

A significant whale has increased its short on $ETH

by adding 3.37 million USDC, bringing the total to 40,000 ETH in short exposure. The position is now showing $2.5 million+ in unrealized losses. If ETH climbs to around $2,938, this could trigger a liquidation, potentially adding volatility to the market .

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📈 2. $ETH Breaks Above $2,800 – Momentum Gaining

As of June 11, 2025, Binance data shows ETH trading at approximately $2,803, marking a +1.6% 24‑hour increase . Earlier in the week, ETH surged past $2,800–$2,820, with open interest for futures climbing to a record high of **14.94 million ETH (~$41.5 billion)** .

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📊 3. Record Staking & Institutional Flows

Staked ETH has reached a new high of 34.65 million ETH, representing roughly 28.7% of circulating supply. This comes amid ongoing spot‑ETF anticipation .

Institutional appetite remains strong: more than $1 billion has flowed into ETH ETFs over 17 consecutive days, with a reported $500 million from BlackRock alone .

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🔍 4. Bullish Technical Setup – Targets Ahead

Chart patterns suggest $ETH is forming a bullish breakout:

A bull flag after clearing the $2,650 resistance zone points to mid‑term targets near $3,600 .

Weekly chart studies show strong demand within the $1,700–$1,800 zone, with resistance looming near $3,500, hinting at potential parabolic upside toward $10,000 .

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