Ethereum (ETH) struggled to sustain a rally on June 11, 2025, falling 0.15% to $2,758 amid increased selling pressure during U.S. trading hours. After briefly hitting $2,872.42, the price retraced sharply as traders reacted to market conditions. Despite this decline, key metrics indicate rising bullish sentiment. Options market data revealed a shift towards increased demand for short-dated call options, with one-week skew moving from -2.4% to -7.0%. Additionally, ETH made a significant exit from exchanges, with Glassnode reporting a withdrawal of over 140,000 ETH—valued at roughly $393 million—marking the largest outflow in over a month. Meanwhile, Ethereum-based ETFs saw another $240.3 million flow in, outpacing Bitcoin ETF totals on that day. Analyst Anthony Sassano highlighted that Ethereum has experienced no net outflow days since mid-May, indicating a resilient demand. Despite recent price weakness, market positioning suggests traders may be preparing for another price increase. Additionally, ETH traded within a range of $139 between $2,733 and $2,872 and is supported by levels around $2,735.
Light sell pressure returned early on June 12, resulting in a volume spike and a drop from $2,772 to $2,736. As traders look forward, buying the dip might indicate confidence in a rebound.
Light sell pressure returned early on June 12, resulting in a volume spike and a drop from $2,772 to $2,736. As traders look forward, buying the dip might indicate confidence in a rebound.
