So, Ethereum just decided to jump 8% in the last 24 hours. I mean, who does that? It’s like it woke up one day and thought, “Hey, let’s hit $2,700 for the first time in two weeks!” What a show-off! 🎉
Apparently, over 34.65 million ETH is now staked on the Beacon Chain. That’s about 30% of the total. Long-term holders are feeling all warm and fuzzy inside, choosing to earn instead of selling. It’s like they’re saying, “Why sell when I can just sit back and watch my money grow?” Must be nice! 😏
And let’s not forget about the institutional investors. BlackRock’s iShares Ethereum Trust (ETHA) hasn’t seen any outflows for 23 days. I mean, what are they waiting for? A personal invitation? They’ve added $500 million in ETH, bringing their total to 1.5 million ETH worth $2.71 billion. That’s a lot of zeros! 💸
ETFs based on Ethereum are still raking in the cash, with $296 million last week. It’s like a never-ending party, and everyone’s invited! 🎊
Technical charts are looking up too. Ethereum has broken above the midline of the Gaussian Channel. A bullish divergence is forming, which is like a good omen. Analysts are saying we could see prices soar to $3,100–$3,600. But let’s be real, it’s crypto—anything can happen! 🚀
But hold on! $2,700–$2,800 is a crucial level for Bitcoin. If it breaks out, we might see a rally in the altcoin sector. If not, ETH could drop back to the $2,400–$2,500 support zone. It’s like a rollercoaster ride, and I didn’t even sign a waiver! 🎢
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2025-06-10 09:47