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Ethereum’s Path to $10K: Staking, Inflows, and Dominance Recovery Strengthen Case
Ethereum sees 18 days of inflows, staking over 36M ETH, fueling scarcity and signaling dominance recovery.
BlackRock’s $1B ETH holding highlights institutional conviction as market rotations boost ETH’s structural bullish setup.
Rising ETH futures, staking, and network upgrades set the stage for a sustainable climb, targeting $6K—$ 10 K.
Ethereum is showing strong accumulation patterns and market rotation while broader attention remains fixed on Bitcoin. Institutional inflows, network fundamentals, and dominance recovery suggest ETH could be gearing toward a new all-time high.
Technical Signals Suggest Structural Growth Phase
Ethereum has experienced steady capital inflows for 18 consecutive days, including a $240 million spike on June 11. Staked ETH now exceeds 36 million, representing nearly 30% of its total supply, limiting available liquidity. ETH market share has recovered to 10%, showing signs of an extended dominance reversal.
As in the post above, bullish analyst Sjuul from AltCryptoGems has provided detailed insights on Ethereum’s ongoing shift. Sjuul emphasized Ethereum's overlooked rally while institutional interest continues to rise sharply, particularly from asset managers like BlackRock. He noted BlackRock has accumulated over $1 billion in ETH since May 8 without selling any, marking a long-term conviction trade. Simultaneously, large transactions in recent weeks have shown synchronized inflows and profit-taking, pointing to aggressive yet strategic accumulation.
According to Sjuul, transactional data from May 15 to June 11 shows a recurring volatility cycle with sharp gains and losses. On May 22, for instance, ETH saw a $110.5 million net gain, one of the highest days in the series. Despite interim drawdowns on June 4 and 5, large-scale gains returned by June 11 on Ethereum, closing with $183.6 million in profits.
He also highlighted Ethereum’s return to 10% market dominance after bottoming at 7% in early 2025, a critical recovery point. Historically, such rebounds in ETH’s dominance have preceded multi-month rallies. The market is showing signs of rotation from BTC into ETH, fueled by institutional portfolio balancing and speculative growth in derivatives.
Ethereum’s Structural Setup Strengthens the Bullish Case
Sjuul further explained how network and derivative market conditions are contributing to Ethereum’s upside structure. ETH futures open interest has surpassed $20 billion, marking a record high and indicating rising market confidence. Options markets also favor calls, reflecting broad sentiment that ETH’s price will increase in the coming months.
Staking dynamics underscore long-term holder confidence, with more than 36 million ETH now locked in validator contracts. Simultaneously, 140,000 ETH exited centralized exchanges on a single day, pointing to reduced sell-side pressure. Network upgrades like Pectra and activity on Layer 2s are improving scalability, while ETH burn rates are rising—both supporting potential price appreciation.
Sjuul concluded that Ethereum’s current price movement is not hype-driven but a quiet, sustainable climb toward $6K–$ 10 K. He believes the bullish cycle is already underway, and by the time the broader market reacts, Ethereum could be approaching new all-time highs.
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