Ethereum surges 10% to $2,750 on ETF inflows institutional buying

Ethereum's price surged by 10% on Tuesday, June 10, 2025, crossing above the $2,750 mark. This rally marked its highest point since May 29, indicating a roughly 15% gain from its weekly low near $2,400. This intraday break suggests that the previous sideways phase could be coming to an end.

The surge in Ethereum's price coincides with broader positive trends across the crypto ecosystem, consistent ETF inflows, and rising institutional interest. Ethereum ETFs have recorded more than $880 million in inflows over a consecutive 16-day streak, the best since the 2024 election victory. This influx of capital reflects growing institutional conviction in Ethereum.

Institutional buying has been increasing, with BlackRock, one of the largest ETF issuers, reportedly accumulating over $500 million in ETH in recent days. BlackRock now holds over $2.71 billion in ETH in custody. If institutional buying continues and broader market conditions remain favorable, further gains are possible.

The recent accumulation in Ethereum's price has tested the patience of many crypto investors for several weeks. However, a spark is brewing as the 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 a breakout could explode soon for minimum targets for June like $3,078, and following this, it could hit $3,518, and $4,109, in the coming months.

If Ethereum 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, a return to the range of accumulation could dampen bullish sentiment in the short term and could lead to further consolidation. If bearishness takes control, and $2,450 support is taken out, the fall to $2,000 could be imminent.

In summary, Ethereum's price surge is driven by consistent ETF inflows and rising institutional interest. The formation of a cup and handle pattern suggests a potential June target of $3,078, with further targets of $3,518 and $4,109 in the coming months. However, a return to the accumulation range could lead to further consolidation, and a break below $2,450 support could result in a fall to $2,000.