Ethereum (ETH) made a significant surge during the early hours of Tuesday, June 10, 2025, breaking above the $2,750 mark with a 9% increase in price. This rally marked the highest point for ETH since May 29, signaling a potential end to the recent sideways phase with a roughly 15% gain from its weekly low near $2,400.
The positive momentum in Ethereum’s price is part of a broader trend across the crypto ecosystem, with consistent ETF inflows and increasing institutional interest. Ethereum ETFs have seen a multi-day streak of money inflows, totaling over $880 million over a consecutive 16-day period. This influx of capital into ETH ETFs is the highest since US President Donald Trump’s 2024 election victory.
Institutional investors are also quietly increasing their exposure to Ethereum, with reports that BlackRock, one of the largest ETF issuers, has accumulated over $500 million in ETH in recent days. BlackRock now holds over $2.71 billion worth of ETH in custody, underscoring growing institutional confidence in the cryptocurrency.
If institutional buying continues and market conditions remain favorable, further gains in Ethereum’s price are possible. The recent price surge in ETH is supported by a cup and handle pattern breakout, a bullish technical formation that suggests further upside potential.
The Q2 of 2025 has been bullish for Ethereum compared to the previous quarter, and the final month of Q2 could be pivotal in driving growth in ETH price. With the breakout from the accumulation range, the chart for Ethereum has turned bullish, aligning with experts’ views on the cryptocurrency’s potential for growth.
The current market structure for Ethereum has formed a cup and handle pattern, a strongly bullish configuration. This pattern suggests that Ethereum could target minimum prices of $3,078 in June, with potential targets of $3,518 and $4,109 in the coming months if the breakout momentum continues.
However, a return to the accumulation range could dampen bullish sentiment in the short term, leading to further consolidation. If bearishness takes control and the $2,450 support level is breached, Ethereum could face a potential drop to $2,000.
In conclusion, Ethereum’s recent price surge, supported by institutional buying and technical breakout patterns, indicates a positive outlook for the cryptocurrency. Traders and investors will be closely watching Ethereum’s price movements in the coming days to see if the bullish momentum can be sustained.