Ethereum Recovers 20% in June – Will $3K Be ETH’s Next Stop in Q3?

Utilize Is Bleeding Out, with Liquidity Slipping into Spot Hands – Fuel for Ethereum’s Next Real Move?

Spot demand actions in as derivatives cool off Ethereum kicked off June with a strong 10.77% dip, striking a mid-week low around $2,393, right as Bitcoin slipped 4.44% off its $105k resistance. ETH rebounded 20.3% off the lows, plainly outpacing Bitcoin’s 10.03% move in the very same window. Source: Glassnode Backed by company spot demand, Ethereum is now surpassing Bitcoin with a 3.55% gain at press time, echoing the post-liquidation strength seen in the previous two cycles.

Area need steps in as derivatives cool off Ethereum kicked off June with a strong 10.77% dip, striking a mid-week low around $2,393, right as Bitcoin slipped 4.44% off its $105k resistance. ETH rebounded 20.3% off the lows, clearly exceeding Bitcoin’s 10.03% relocation in the same window. Ethereum followed with a sharper 14.9% pullback, dropping to $2,441. Regardless of the current liquidation wave, Ethereum’s Open Interest has actually rebounded 5% to $36 billion, while funding rates stay securely favorable, indicating a strong long-side bias. Source: Glassnode Backed by firm area demand, Ethereum is now exceeding Bitcoin with a 3.55% gain at press time, echoing the post-liquidation strength seen in the previous 2 cycles.