As of June 12, 2025, the price of Ethereum (ETH) is approximately $2760.08, down about 0.02% from the previous trading day.

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📈 Market Overview

ETH broke through a key resistance level on June 11, with the price reaching as high as $2834.86, marking a new high in 15 weeks. This increase was mainly driven by the following factors: 

• US CPI data below expectations: The Consumer Price Index (CPI) for May showed slower growth, enhancing market expectations for a slowdown in interest rate hikes, which increased the attractiveness of risk assets.

• US-China trade agreement draft: Trump announced that “an agreement with China has been reached,” and the market is optimistic about the improvement in US-China trade relations, boosting investor confidence.

• Institutional demand rebounding: Increased demand for ETH from institutional investors has driven the price up.

Additionally, an Ethereum whale opened a leveraged long position of $11 million when the ETH price rose to around $2850, showing confidence in further increases for ETH. 

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🔍 Technical Analysis

• Support level: The current support level for ETH is around $2750.

• Resistance level: The next key resistance level is at $2850; breaking this level may further drive the price up.

• Relative Strength Index (RSI): The RSI is around 70, close to the overbought area, which may indicate a price correction in the short term.

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📊 Market Sentiment

Overall market sentiment is bullish, with increased participation from institutional investors, which may drive the ETH price up further. However, short-term attention should be paid to changes in technical indicators to avoid market volatility due to excessive optimism.

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🧭 Outlook

If ETH breaks through the resistance level of $2850, it may challenge the psychological barrier of $3000. However, considering the current RSI level, a correction may occur in the short term, so investors should operate cautiously and pay attention to market dynamics.