Ether Blasts Through $2,700 as Noted Trader Proclaims ‘Beast Mode Activated’

Ether Blasts Past $2,700 on Heavy Volume, Traders Eye $4,000 Target

Ethereum’s native token, ether (ETH), surged more than 6.5% over the past 24 hours, pushing past the $2,700 level as momentum builds across technical, fundamental, and sentiment-driven indicators.

The rally began with ETH trading around $2,576 in early Asian hours on June 9. After a minor dip to $2,562 on low volume, a surge in demand around 21:00 UTC sparked the first breakout, with trading volume exceeding 436,000 ETH, according to CoinDesk Research’s technical model.

The real momentum kicked in on June 10, when a second wave of buying pushed ETH through the key $2,700 resistance, hitting an intraday high of $2,783. By press time, ETH was trading at $2,744.87, marking a 6.54% gain on daily turnover of over 560,900 ETH, or $1.51 billion in value.

The bullish shift has also been mirrored on social media. A well-followed trader on X called the move “beast mode,” citing ETH’s breakouts above long-standing resistance zones at $1,500 and $2,200, and projecting a possible run toward $4,000.

Institutional voices echoed the optimism. In a June 3 post, Ethereum co-founder Joseph Lubin emphasized Ethereum’s growing economic gravity, noting it facilitated over $25 trillion in transaction volume last year and serves as the backbone of DeFi, stablecoins, tokenization, and native yield strategies. He also highlighted a $425 million private placement into SharpLink Gaming as an example of traditional capital seeking on-chain exposure.

Meanwhile, QCP Capital cited key macro drivers — including progress on the GENIUS Act, Circle’s potential IPO, and clearer stablecoin regulation — as powerful tailwinds that may push Ether into the next structural growth phase.

On-chain fundamentals also support the narrative: staked ether has reached a record 34.65 million ETH, locking up nearly 29% of circulating supply, which could constrain available liquidity and help reinforce support around $2,720.

Technical Analysis Overview:

Two volume-backed breakouts occurred above $2,600 (June 9) and $2,700 (June 10), confirming strong momentum.
The price structure shows higher lows and higher highs, with a trend range from $2,562 to $2,783.
A high-volume supply zone sits near $2,796, likely acting as short-term resistance.
A double-bottom formation around $2,720–$2,740 suggests a healthy consolidation range before the next breakout attempt.

With technical momentum building, institutional support rising, and macro catalysts aligning, ETH bulls are setting their sights on the $3,000 mark — and beyond.