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    Crypto Chain Post
    Home » Is $3,000 next for Ethereum (ETH)?
    Ethereum

    Is $3,000 next for Ethereum (ETH)?

    News RoomBy News RoomJune 10, 2025No Comments2 Mins Read

    Ethereum (ETH) price has surged 8.73% in 24 hours and is now approaching the $2,800 mark for the first time since February.

    This surge is mostly fueled by strong institutional demand, with major players like BlackRock alone buying $500 million worth of ETH in just 10 days, and record numbers of staked Ethereum, which now sit at 34.65 million .

    While the price still sits about 43% below its all-time high of $4,721, a breakout above $2,800 could lead to more upside, potentially allowing the token to break the $3,000 mark.

    Ethereum price performance

    Technically, ETH broke above its 200-day simple moving average (SMA) of $2,660 and 50-day SMA of $2,287. The relative strength index (RSI) is also leaning bullish-neutral, sitting at 65.

    Futures open interest (OI) is going up, having increased from $26 billion to $36 billion in the past month (a 40% increase, according to CoinGlass).

    Similarly, spot exchange-traded funds (ETFs) have seen around $837.5 million worth of ETH added since May 16.

    Crypto analyst Michaël van de Poppe thinks the signs point to a ‘break to the upside,’ saying that the token is ‘taking the smaller altcoins with it’ in what he called ‘a great market environment.’

    Featured image via Shutterstock

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