Why Is the Ethereum Price Up Today?

During the early hours of Tuesday, June 10, 2025, Ethereum price (ETH) recorded an 9% increase in price, crossing above the $2,750 mark. The rally marked its highest point since May 29, which shows a roughly 15% gain from its weekly low near $2,400. With this intraday break, this sideways phase could be coming to an end

ETH’s surge coincides with broader positive trends across the crypto ecosystem, consistent ETF inflows, and institutional interest on the rise.

Optimistic Reasons For Intraday Ethereum Price Rise

ETH’s recent gains are supported by a multi-day streak of money inflows into Ethereum ETFs, the best since US President Donald Trump’s 2024 election victory. Ether ETFs have recorded more than $880 million in inflows over a consecutive 16-day streak. 

Alongside the inflows, institutional buying is increasing in silence, with BlackRock, one of the largest ETF issuers, having reportedly accumulated over $500 million in ETH in recent days, and now holds over $2.71 billion in ETH in custody. The growing numbers clearly reflect institutional conviction on the rise.

If institutional buying continues and broader market conditions remain favorable, further gains are possible.

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A Cup And Handle Pattern Breakout In Ethereum Price

The Ethereum price recent accumulation has tested the patience of many crypto investors for several weeks, finally a spark is brewing.

The Q2 had been bullish compared to what Q1 displayed, and now the final month of Q2 could become a key month for driving growth in the ETH price.

The break of this accumulation range has now turned the chart bullish, which is aligned with experts like Ali Martinez’s opinion for ETH crypto.

The current market structure has formed a cup and handle pattern, which is viewed as a strongly bullish structure. Per this textbook structure, the accumulation zone was its handle and breakout could explode soon for minimum targets for June like $3078, and following this it could hit $3518, and $4109, in the coming months.

If it successfully breaks through the first target beyond the $3,078 mark, then odds will be high for the rest of the altcoins to follow the bullish momentum. 

However, coming back to the range of accumulation could dampen bullish sentiment in the short term, and could lead to further consolidation. But, if bearishness takes control, and $2450 support is taken out the fall to $2000 could be imminent.

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