$ETH Ethereum Update – June Highlights (s)

Ethereum (ETH) is trading around $2,783, showing signs of strength despite recent market volatility. ETH has gained attention from institutional investors, with seven consecutive weeks of ETF inflows, totaling nearly $1.5 billion. BlackRock’s Ethereum ETF now holds over 3.7 million ETH, signaling long-term confidence. On-chain data supports bullish sentiment: over 28% of ETH is staked, reducing liquid supply, while exchange balances continue to shrink. Technically, ETH faces resistance around $2,800, with upside potential toward $3,100–$3,600 if bullish momentum sustains. The RSI is approaching overbought levels, indicating possible short-term pullbacks, but overall outlook remains positive. With growing demand, limited supply, and strong fundamentals, Ethereum is emerging as a powerful force in both DeFi and institutional adoption. Watch for key breakouts and ETF-driven rallies.