Ether (ETH) ETH began the 24-hour session around $2,576 in early Asian trading, briefly dipped to $2,562 on light volume, then saw buying interest surge around 21:00 UTC on June 9 as turnover topped 436,000 coins, according to CoinDesk Research’s technical analysis model.
A second wave of demand just before 11:00 UTC on June 10 drove ether through the $2,700 barrier to a 24-hour high of $2,783; by press time it was trading at $2,744.87, up 6.54 percent on 560,900 coins (US$1.51 billion) moved.
Social sentiment has turned decidedly bullish. A popular trader on X said the move amounted to ether entering a true “beast mode” phase after brushing aside $1,500 and $2,200 barriers and forecast further upside toward $4,000 and beyond.
In an X thread on June 3, Consensys founder Joseph Lubin portrayed Etheruem as a nonstop settlement layer that processed over $25 trillion in transactions last year and serves as the backbone for stablecoins, tokenized assets, native yield and DeFi. He added
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