Share this article
ETH Holds Above $2,600 After Spot ETF Demand Ignites Bullish Breakout
Ether remains elevated after spot ETH ETFs saw their largest weekly inflow of 2025, lifting confidence even as momentum cools above $2,600.
Updated Jun 3, 2025, 10:45 a.m. Published Jun 3, 2025, 10:34 a.m.
Make us preferred on Google
What to know:
- ETH rallied from $2,478 to $2,651 before stabilizing near $2,617.
- Spot Ether ETFs attracted $321 million last week, their highest inflow of 2025.
- Exchange balances dropped to 7-year lows, signaling long-term investor positioning.
Ether extended its rally Monday as institutional demand surged and exchange supply dropped to a multi-year low.
The asset climbed as high as $2,650.18 before easing to around $2,617, where it currently trades, according to CoinDesk Research's technical analysis data model.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Despite the minor retracement, ETH remains one of the best-performing major tokens this week, supported by $321 million in fresh inflows into ether-linked investment products. That’s the strongest weekly inflow figure since December, reflecting mounting investor confidence in ether's long-term value.
Analysts also highlight a drop in ETH held on centralized exchanges, which suggests a shift toward self-custody and accumulation.
Technical Analysis Highlights
- ETH logged a 24-hour range of $172.87 (6.97%), peaking at $2,650.18.
- Key resistance at $2,550 was breached with 288K ETH in trading volume.
- Current price action shows consolidation above $2,600 after a modest pullback.
- Support is forming around $2,610–$2,615, with bulls defending the $2,600 level.
- A sharp volume spike at 07:58 (see chart) coincided with a brief dip to $2,609.
- Overall trend remains bullish as higher lows continue to hold.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
More For You
Trump-linked Truth Social seeks SEC approval for two crypto ETFs
The filings include a bitcoin and ether ETF and a staking-focused Cronos fund, deepening the Truth Social brand’s ambitions in digital asset investing.
What to know:
- Yorkville America Equities, the firm behind Truth Social–branded ETFs, has filed with the SEC to launch a Truth Social Bitcoin and Ether ETF and a Truth Social Cronos Yield Maximizer ETF.
- The proposed Cronos-focused ETF would invest in and stake Cronos (CRO) tokens, aiming to generate yield through staking rewards in addition to price exposure.
- If approved, the funds would be launched in partnership with Crypto.com, which would provide custody, liquidity and staking services, and be distributed through its affiliate Foris Capital US LLC.
Top Stories
