crypto.news 2025-06-10 10:58:01

ETH jumps 8% on staking milestone and ETF Inflow spike, reclaims $2,700

The ongoing crypto market uptick triggered a fresh surge in Ethereum (ETH), pushing it past the $2,700 mark for the third time this year. During the early hours of Tuesday, June 10, 2025, Ethereum (ETH) recorded an 8% uptick in price, briefly crossing above the $2,700 mark. The rally marked ETH’s highest point since May 29, reclaiming a 12-day high and a roughly 13.3% gain from its weekly low near $2,399. Primarily driven by a modest Bitcoin-led market rally that began the day prior, ETH’s surge coincides with broader positive trends across the Ethereum ecosystem, likely fueling its upward momentum. Ethereum’s price movement | Source: crypto.news One key factor is a fresh record in staked ETH, which recently clocked a new high of 34.65 million, according to Beaconcha.in data . This marks approximately 28.7% of the current circulating supply of Ether, which sits at 120.8 million. ETH’s recent gains are also supported by a multi-day streak of inflows into Ethereum-tied exchange-traded funds. Ether ETFs have recorded nearly $900 million in inflows over a consecutive 16-day run. The funds collectively boast cumulative inflows totaling $3.38 billion, holding 3.77 million ETH worth $9.8 billion in net assets. You might also like: Vitalik Buterin confirms Ethereum’s layer 1 to scale tenfold within 12 Months Alongside the inflows, institutional buying is ramping up. BlackRock, one of the largest ETF issuers, has reportedly accumulated over $500 million ETH in recent days. Digital asset manager Abraxas Capital also purchased around 350,000 ETH worth approximately $837 million earlier in May, underscoring the growing appetite for the token among institutional players. Despite the strength displayed, ETH remains about 40.9% below its all-time high of $4,600. Technically, the $2,700 mark has acted as a strong resistance zone in recent months. A decisive breakout above $2,737 is needed for further the upside to continue and a successful move beyond this level could open the door to a test of the $2,795 high. ETH’s price chart | Source: TradingView If institutional buying continues and broader market conditions remain favorable, further gains are possible. Momentum indicators are also showing bullish signals, with Relative Strength Index (RSI) climbing back from oversold territory into neutral levels. Failure to hold above current support levels could, however, trigger downside pressure. Should ETH fall below the $2,386 support level, it could invalidate the short-term bullish setup and potentially open the door toward a steeper decline. Read more: Ethereum ETFs extend inflow streak despite token bleed

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