Ethereum price jumped above $2,800.
ETH is seeing gains amid altcoin season chatter and as regulatory clarity inches closer.
With market sentiment positive, ETH bulls could likely reclaim $3,000 as they eye a breakout.
Ethereum (ETH) price has again moved above $2,800 after gaining more than 4% in the past 24 hours.
The top altcoin reached an intraday high of $2,832 across major cryptocurrency exchanges, with these gains coming amid a robust spike for altcoins.
Market sentiment was also positive after Securities and Exchange Commission chair Paul Atkins commented on crypto and decentralised finance.
While Ethereum price hovered around $2,769 at the time of writing, it remained 3% up in 24 hours and with daily volume at $32.5 billion.
The metric showed a 28% increase in the last 24 hours.
Ethereum price rides fresh sentiment to above $2,800
The price of Ethereum, the leading altcoin by market cap, has jumped from a low of $2,399 on June 6, 2025, to hit highs above $2,832.
This move saw ETH rise to its highest level since February, with this coming as Bitcoin retested the $110,000 level.
Macroeconomic tailwinds and the US-China trade war truce have contributed to this upside action for ETH.
Also likely playing a bullish catalyst is the statement SEC Chair Paul Atkins issued on DeFi and crypto.
With Ethereum, the top decentralized finance ecosystem, Atkin’s remarks during the agency’s Crypto Task Force roundtable have bulls in an upbeat mood.
As analysts have pointed out, regulatory clarity is a key factor in the market, and the SEC’s ongoing quest to ensure this has garnered a lot of praise across crypto.
Ethereum price prediction
According to QCP analysis, Ethereum is likely to spike in the coming weeks and months amid various tailwinds.
In a post on X, the analysts say Ethereum has quietly seen market sentiment around it flip positive in recent months.
“ETH is quietly reclaiming market narrative. Implied volatility jumped, options skew flipped bullish, and perpetual funding rates remain elevated,” they noted on X.
One of the pointers to increased attention on ETH is the spot exchange-traded funds inflows.
Last week, Ethereum spot ETF inflows hit $281 million.
“Macro tailwinds are building for $ETH. The GENIUS Act is progressing in the US Senate, Circle’s IPO is back in focus, and stablecoins are gaining regulatory clarity. Ethereum’s role as the infrastructure layer for real-world assets is gaining serious traction,” QCP added.
Ethereum’s gains see bulls hover in a key price range.
According to Glassnode analysts, ETH is near the cost basis range of $2,700 and $2,760.
If price holds above this range, bulls may target $3,400.
Above spot, cost basis bands are more evenly spread: between $2.76K and $3.42K, each ~$50 band holds 200K–400K $ETH. No dominant resistance until $3,417, where 607.95K $ETH are held. pic.twitter.com/lKEWY4628S
— glassnode (@glassnode) June 11, 2025
However, if ETH bears break below $2.7k, they may fancy a revisit of $2,400.
Recent lows of $1,800 are likely if negative sentiment kicks in to spook buyers.
