On June 10, Ether (ETH) experienced a significant surge, breaking the $2,700 barrier and reaching a 24-hour high of $2,783. This rally, which began in early Asian trading on June 9 around $2,576, saw a 6.54% increase, with 560,900 coins (US$1.51 billion) moved, as reported by CoinDesk Research.
The price dipped briefly to $2,562 before a surge in buying interest around 21:00 UTC on June 9, with turnover exceeding 436,000 coins. A second wave of demand just before 11:00 UTC on June 10 propelled Ether's price upward.
Social sentiment has turned bullish, with a popular trader on X predicting further gains towards $4,000 and beyond. Consensys founder Joseph Lubin highlighted Ethereum's role in processing over $25 trillion in transactions last year. On-chain fundamentals also support the bullish case, with staked ether reaching a record 34.65 million tokens.