Ethereum continued its latest bullish figures on June 10, 2025, gaining nearly 7% on the day, and achieving its highest price level in more than 15 weeks. Technical breakouts and big inflows into Ethereum based investment products are fueling the move. Combined with underlying moves by the biggest Ethereum whales, this is the latest signal that bullish sentiment has returned to the cryptocurrency market. While this is a remarkable achievement, this great performance only highlights Ethereum’s persistence and its flourishing supremacy in the decentralized finance (DeFi) sector.
Ethereum's Price Soars
On 10th June 2025, Ethereum (ETH) went up an incredible 6.7%. This leap vaulted its value up to $2,827, the most elevated price it attained in more than 15 weeks. During this rush, Ethereum has experienced its strongest daily performance in about five weeks and the action indicates a significant change in market sentiment. The leading cryptocurrency by market cap showed notable bullishness against Bitcoin, rising over 5% on the day.
Ethereum’s bullish momentum really accelerated as it broke above the top of its month long consolidation pattern. This pattern had found resistance at $2,700 and support at $2,400. This breakout, a 5% increase, indicates that things may be turning around and we could see the trend change in favor of more upside. Speculators piled into Ethereum, pushing the cryptocurrency to an astounding intraday high of $2,833 on June 11. Yet, the price soon retraced as aggressive buying force was countered by some profit-taking activity.
Ethereum, on the other hand, has shown incredible strength lately, recovering around 45% since the end of May — beating Bitcoin and other DeFi tokens’ returns. This recovery further highlights the market’s confidence in Ethereum’s long-term potential and its vital importance in the blockchain ecosystem. Unlike other cryptocurrencies that have retreated sharply from recent market highs, the cryptocurrency has rebounded robustly. This resilience has further entrenched its dominance as the world’s top digital asset.
Institutional and Whale Influence
Ethereum-based investment products have recently seen significant net inflows, with $295.4 million just over the last week. This major step in increasing institutional investment in Ethereum has pushed the seven-week total to $1.5 billion. The size of the investment indicates that institutional investors are coming to the conclusion that Ethereum is a strong project with long-term value and growth potential.
Strategic buying by large Ethereum holders, or “whales,” have played a role in the recent price surge. Their bold engagement in the market is already proving to be a game changer. One particular Ethereum whale made off with $31 million in profits in 44 days by carrying out strategic ETH swaps. On June 10, this whale sold 30,000 ETH for $82.76 million, cashing out a $7.3 million profit. These relatively large-scale transactions can shift market dynamics and add to price movements.
Ethereum, as is the case in this post, still reigns as the DeFi king. It now has a 61% share of the total value locked, or about $66 billion. This impressive TVL emphasizes Ethereum’s dominance as the top platform for decentralized applications and financial services. Its strong ecosystem and large number of DeFi projects have helped it maintain a strong hold over the market.
Technical Analysis and Future Targets
Technical analysis indicates that Ethereum still has more room to grow upwards. The $1.8 billion in short positions currently at risk of liquidation above $2,900 would add even more to upward momentum. As Ethereum price rises, shorts positions may be forced to close. This would produce further accumulation pressure and increase the price still more.
After successfully passing $2,000, Ethereum’s immediate resistance level rests at the multi-month zone defined by the November 2024 to January 2023 lows. It incorporates the big psychological barrier of $3,000. This 50-day level acts as a crucial area of resistance which, if broken, may indicate more upward movement is in the cards. What’s more, the 61.8% Fibonacci retracement level for Ethereum sits near $3,070 in a further potential target area for the cryptocurrency.
At the moment, many analysts have pegged $3,500 as the next big target if Ethereum can break above the current $2,800 resistance level. This optimistic perspective is further bolstered by Ethereum’s impressive fundamentals, rising adoption, and supportive technical indicators. Hitting these targets would be an impressive achievement for Ethereum and add credence to its long-term viability.
Ethereum's Technological Advancements
Come May 2025, Ethereum had completed the Pectra upgrade with flying colors. This upgrade made important changes to the network, including increasing validator staking limits and improving transaction efficiency. These improvements greatly increase the scalability and performance of the Ethereum network. So, they end up creating even more attractive deals to developers and to users. This upgrade – known as the Pectra upgrade – is another much anticipated and widely celebrated step forward in Ethereum’s constantly evolving ecosystem.
Staked Ethereum recently achieved an all-time high of 34.65 million tokens! This milestone effectively locks up a little over 28.7% of Ethereum’s total supply. This high level of staking indicates strong confidence in Ethereum's future and reduces the available supply on exchanges, potentially driving up the price. The increasing amount of staked Ethereum reflects a growing commitment from the community to the long-term success of the network.
