Here are the latest news highlights for Ethereum (ETH) in the crypto world:
1. Ethereum ETF Flows Boost Price
• ETH price surged about 7% on June 10 due to ongoing positive flow into upcoming Ethereum ETFs and record open interest, reflecting bullish sentiment.
2. Bullish Breakout and Price Movement
• Ethereum recently broke above the $2,830 mark—its highest since February—showcasing strong upward momentum. Analysts predict ETH could soon target the mid-$3,000s if this trend continues.
3. Institutional Interest Gaining Momentum
• Major Ethereum holdings and whale activity are intensifying, with top entities removing over $150 million in ETH from exchanges in a single day. This signals accumulating and holding strategies, often seen as bullish for the crypto.
4. Leveraged Bets & Whale Activity
• A notable Ethereum whale has placed an $11 million leveraged long bet, coinciding with ETH’s price breakout above a commonly watched technical pattern (bull flag).
5. Macro Events Impacting ETH
• Positive macro news, such as softened US inflation (CPI) and optimism from draft US–China trade agreements, are further helping ETH rally and bringing more institutional demand into Ethereum.
6. Ecosystem & Development
• Ethereum’s core development is progressing rapidly, with new research and grant opportunities emerging (e.g., Unichain Lending Protocol).