The price of Ethereum has surged past $2,800, driven by a strong market sentiment and discussions surrounding the altcoin season. Traders and investors are optimistic that Ethereum (ETH) could soon break through the $3,000 barrier amid increasing regulatory clarity.
Ethereum Price Surpasses $2,800
The price of Ethereum, the leading altcoin by market capitalization, jumped from a low of $2,399 on June 6, 2025, to reach intraday highs above $2,832. This upward movement marks a significant rebound, with ETH recording gains over 4% in just 24 hours.
As of the time of writing, Ethereum was trading around $2,769, maintaining a 3% increase over the day, accompanied by a daily trading volume of $32.5 billion—a 28% rise in volume.
The boost in Ethereum’s price has been attributed to positive macroeconomic factors as well as a temporary easing of trade tensions between the U.S. and China. Additionally, recent comments from Paul Atkins, the chair of the Securities and Exchange Commission (SEC), regarding cryptocurrencies and decentralized finance (DeFi), have provided further bullish support. His remarks during a roundtable focused on cryptocurrencies have left market participants feeling optimistic.
Ethereum Price Forecast
According to analysis from QCP, Ethereum is poised for further gains in the coming weeks and months, buoyed by favorable conditions. Analysts note that the overall market sentiment around ETH has turned positive recently, with implied volatility rising and options skewing towards bullish positions.
Last week, Ethereum exchange-traded funds (ETFs) saw inflows of $281 million, highlighting renewed interest in Ether. QCP noted that macroeconomic tailwinds are aligning for ETH, particularly with progressing legislation such as the GENIUS Act in the U.S. Senate, the anticipated IPO of Circle, and clearer regulatory frameworks for stablecoins.
Market analysts from Glassnode indicate that ETH is currently trading within a critical support range of $2,700 to $2,760. If the price remains above this range, bullish traders could aim for a target of $3,400. However, should prices drop below $2,700, a decline towards $2,400 could be on the horizon, particularly if negative sentiment takes hold.
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