BTC
$105,379.28
+
0.89%
ETH
$2,615.11
+
5.29%
USDT
$1.0004
+
0.01%
XRP
$2.2051
+
2.41%
BNB
$666.92
+
2.16%
SOL
$160.96
+
4.43%
USDC
$0.9997
+
0.00%
DOGE
$0.1953
+
2.59%
TRX
$0.2708
+
0.91%
ADA
$0.6954
+
4.00%
HYPE
$37.70
+
15.36%
SUI
$3.3237
+
1.65%
LINK
$14.12
+
2.71%
AVAX
$21.24
+
4.26%
XLM
$0.2717
+
2.63%
BCH
$403.12
+
0.02%
TON
$3.2354
+
4.01%
LEO
$8.5937
+
2.37%
SHIB
$0.0₄1320
+
3.68%
HBAR
$0.1735
+
3.24%
By AI Boost, Siamak Masnavi|Edited by Aoyon Ashraf
Updated Jun 3, 2025, 10:45 a.m. Published Jun 3, 2025, 10:34 a.m.
- 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
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.
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.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
