$ETH Current Price Movement: ETH is currently retesting the 0.5 Fibonacci level at approximately $2,845 after a recovery from lows of $1,385. This indicates a significant rebound and suggests potential bullish momentum.

Market Capitalization: Ethereum has reclaimed a market cap of around $345 billion, reflecting renewed investor interest and confidence in the platform.

Technical Analysis: Recent analysis shows that ETH bounced 3% off a support level at $2,460, peaking near $2,532 before stabilizing above $2,500. This consolidation phase is crucial for determining the next price direction.

Recent Developments: The launch of Ethereum's Wormhole v2 Testnet on June 10, 2025, is a significant milestone, enhancing cross-chain capabilities and interoperability.

Regulatory Landscape: The latest SEC crypto roundtable discussed important topics related to DeFi and regulation, indicating ongoing scrutiny and potential future impacts on the market.