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ETH Surges as Spot ETF Inflows Hit 15-Day Streak, Traders Watch $2,540 Level
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Siamak Masnavi
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By Siamak Masnavi, CD Analytics|Edited by Aoyon Ashraf
Jun 9, 2025, 11:36 a.m.
- ETH gained 1.28% in 24 hours, rising to $2,538.25 as bulls tested the $2,540 resistance zone.
- CoinShares data shows $295M in weekly inflows into ETH, boosting its AuM to $14.09B.
- Ether maintained higher lows throughout the session, with volume surging at breakout levels
Ether (ETH)
is up 1.28% in the past 24 hours to reach $2,538.25. This comes as newdata from CoinSharesshows ETH drew in $295 million in weekly inflows, the most of any digital asset last week. The surge brings month-to-date flows to $296 million and lifts Ethereum’s total assets under management to $14.09 billion.
Technically, ETH rebounded from earlier weakness to retest the $2,540 resistance level after consolidating near $2,500, according to CoinDesk Research’s technical analysis model.
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The recovery reflects renewed confidence among institutional investors, who have now supported 15 straight trading days of spot ETF net inflows according to SoSoValue. Combined with steady DeFi and staking growth, ETH appears poised to benefit if it can firmly clear $2,540.
Technical Analysis Highlights
- ETH traded in a 24-hour range of $57.91 (2.31%), between $2,482.99 and $2,540.10
- Key resistance held at $2,540 while support formed around $2,483-$2,485
- A breakout at 08:02 saw ETH surge 1.33% on 8,337 units of volume
- Trading volume peaked at 253,612 ETH during a sharp reversal
- Price structure reflects a potential bullish flag with a golden cross between the 50- and 200-day moving averages
- Consolidation above $2,520 suggests buyers remain in control short-term
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
