Key Notes
- Ethereum’s on-chain activity has grown, with active addresses rising 17% and Layer 2 dominance increasing by 18%.
- Institutional adoption is also accelerating, as SharpLink Gaming seeks to raise $1 billion to bolster its newly established Ether treasury.
- Spot Ethereum ETFs have recorded 11 consecutive days of net inflows, totaling $78.4 million on Monday.
Ethereum
ETH
$2 623
24h volatility:
3.1%
Market cap:
$316.67 B
Vol. 24h:
$17.52 B
price is once again showing strength, gaining 5.52% in the last 24 hours and is currently trading at $2,617.
The recent bounceback from the crucial support of $2,500 comes with a 52% increase in the daily trading volumes, now reaching $20.24 billion, showing strong traders’ interest in the altcoin.
Ethereum Price Can Rally to $4,000 From Here
Popular crypto analyst Rekt Capital has shared an Ethereum price chart showing that bouncing back from the support of $2,500, could lead to a rally back to $4,000, which is the upper end of the macro range. However, ETH price first needs to cross the $2,900 resistance to validate the upside.
Ethereum is trying to reclaim $2500 as support and solidify it as the new Range Low of the $2500-$4000 Macro Range (black-black)
Ethereum is trying to repeat history and position itself in a similar way to the green circled retest of mid-2021#ETH #Crypto #Ethereum https://t.co/QWrvwwDrbe pic.twitter.com/z2LdB5Oxen
— Rekt Capital (@rektcapital) June 2, 2025
Back in 2021, ETH had a similar price setup, which led to “god candle” formations and strong upside ahead. “Ethereum is trying to repeat history and position itself in a similar way to the green circled retest of mid-2021,” wrote Rekt Capital.
The Ethereum on-chain activity has also been exploding over the past few weeks. Last week witnessed a 17% jump in the number of Ethereum active addresses, while the blockchain’s Layer 2 dominance has also increased by 18%.
$ETH onchain activity is exploding.
This is extremely bullish.
Don’t underestimate Ethereum! pic.twitter.com/Gl8boLffKD
— Mister Crypto (@misterrcrypto) June 2, 2025
On the other hand, institutional acceptance for Ethereum is growing quickly. Last week, U.S.-based sports betting platform SharpLink Gaming filed with the Securities and Exchange Commission (SEC) to raise up to $1 billion through a common stock offering. The funds aim to bolster the holdings of its recently established Ether treasury.
“We intend to use substantially all of the proceeds from this offering to acquire Ether, the native cryptocurrency of the Ethereum blockchain commonly referred to as “ETH,” said the gaming firm.
Ether ETF Inflows on the Rise
Inflows into spot Ethereum ETFs have gathered pace over, with the products recording net positive flows for 11 consecutive trading days. On Monday, BlackRock’s iShares Ethereum Trust (ETHA) witnessed the most inflows at $48.4 million, followed by Fidelity’s FETH at $29.8 million, taking total inflows to $78.4 million.
On the other hand, Bitcoin ETFs outflows have gone up. Some market analysts also refer to this as capital rotation from BTC to ETH. According to a recent filing by REX Shares, staking for spot Ethereum ETFs may launch within the next few weeks.
These funds, structured as 40-Act funds, employ an innovative strategy that circumvents the conventional 19b-4 approval process.
Mind of Pepe Presale Goes Live Today
The community wait is finally over as Mind of Pepe presale finally goes live today. The Mind of Pepe ($MIND), an innovative AI-driven trading assistant, has officially gone live, setting the stage for a transformative presence in the cryptocurrency space.
It detects and highlights market opportunities across any conditions, $MIND has captured the attention of investors and analysts alike. The project’s presale has already raised over $12.6 million, showcasing strong early investor confidence. Market observers have lauded $MIND’s unique proposition of combining AI capabilities with the speculative appeal of meme coins.
As $MIND prepares for exchange listings, expectations for its market trajectory remain high. The question on every investor’s mind: how far can this AI-powered meme coin go?
Mind of Pepe ($MIND) is gaining recognition as one of the most notable crypto presales of 2025, thanks to its unique value proposition. Analysts highlight the project’s innovative AI-powered trading assistant as a major factor behind its growing appeal among early investors.
Presale Highlights
- Current Price: $0.0037515
- Funds Raised: $12.6 million
- Ticker: $MIND
Launch Date: December 2024
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
