Ethereum Maintains $2,700 Support as $699 Million June ETF Inflows Counter Market Weakness
The post Ethereum Maintains $2,700 Support as $699 Million June ETF Inflows Counter Market Weakness appeared on BitcoinEthereumNews.com.
Ethereum holds above $2,700 despite pullback as June ETF inflows reach $699 million total BlackRock leads institutional support with $163.64 million single-day inflow on June 11 Technical analysis shows potential rally to $3,003 target if 50% Fibonacci level holds Ethereum continues trading above the critical $2,700 level despite broader market pressure that has pushed Bitcoin below $108,000, with institutional support through exchange-traded fund inflows providing a cushion against bearish sentiment. The cryptocurrency has shown resilience with only a minor 0.5% intraday pullback, though derivatives market activity suggests potential retesting of key support levels in the near term. U.S. spot Ethereum ETFs have maintained consistent inflow momentum since May 16, culminating in a $240.29 million single-day inflow on June 11. BlackRock dominated institutional purchasing with $163.64 million, while Fidelity contributed $37.28 million to the day’s total. This week alone has generated $417 million in ETF inflows, highlighting sustained institutional interest despite market volatility. June ETH Inflows Exceed Previous Month by $135 Million June’s cumulative ETF inflows of $699 million have surpassed May’s $564 million total by $135 million, indicating accelerating institutional adoption of Ethereum exposure through regulated investment vehicles. This sustained buying pressure from professional investors has provided fundamental support for ETH price levels even as broader cryptocurrency markets face selling pressure. Source: SoSoValue The consistent inflow pattern suggests institutional confidence in Ethereum’s long-term value proposition, particularly as the network continues developing its proof-of-stake infrastructure and layer-2 scaling solutions. Professional investors appear willing to accumulate positions despite short-term market uncertainty and technical correction risks. Technical analysis reveals Ethereum’s current position near critical support levels following Wednesday’s 1.59% pullback from a high of $2,879. The decline has brought ETH close to retesting the 50% Fibonacci retracement level at $2,699, which recently acted as resistance before being broken during the latest upward move.…
