Ethereum’s Bullish Surge: Can ETH Reach $3,500 by June?
Ethereum (ETH) has recently blazed past key resistance levels, sparking intense speculation among investors about whether its price could hit $3,500 by June. The cryptocurrency has demonstrated remarkable momentum, with a 44% price increase over the past month, mirroring a 44% rise in its Total Value Locked (TVL), which now stands at $65.3 billion. Technical analysts have identified a bullish ’flag pattern’ on daily charts—a historically reliable indicator of further upward movement. Institutional interest is also surging, with $110.5 million in inflows signaling growing confidence in ETH’s long-term potential. As the market watches closely, the question remains: Will Ethereum’s rally continue its explosive trajectory toward $3,500 in the coming weeks?
Ethereum Blazes Past Resistance — Could ETH Hit $3,500 Before June?
Ethereum’s recent surge has investors speculating whether the momentum will propel its price to $3,500 by June. Technical indicators reveal a bullish ’flag pattern’ on daily charts, historically a precursor to further gains. ETH has already climbed 44% in the past month, with its total value locked (TVL) soaring to $65.3 billion—a parallel 44% increase.
Institutional demand is accelerating, evidenced by $110.5 million in net inflows to ethereum ETFs on May 22, 2025—the highest since January. This influx has pushed Ethereum’s market cap to $327 billion, eclipsing Bank of America. Market sentiment mirrors this optimism, with 80% of traders anticipating continued upside.
The Pectra upgrade, activated on May 7, has fortified Ethereum’s infrastructure, raising the staking limit to 2,048 ETH and enhancing scalability. Analysts now eye $4,000 as the next psychological threshold if the current trajectory holds.
Ethereum Validators Advocate for Higher Block Gas Limit to Boost Throughput
Ethereum validators are rallying behind a proposal to increase the network’s block gas limit from 36 million to 60 million units, a move that could enhance Layer 1 throughput without necessitating a hard fork. Over 150,000 validators, representing approximately 15% of the network, have signaled support for the change, according to data from Ethereum researcher Toni Wahrstätter.
The adjustment, which WOULD be implemented gradually as validators update their configurations, aims to alleviate congestion and accommodate higher transaction volumes. The gas limit was last raised in February 2024, from 30 million to 36 million, with the previous major update occurring in 2021.
While proponents argue the increase would improve scalability, some developers caution it could strain node infrastructure and potentially impact network performance. The change requires majority validator support to take effect automatically, bypassing the need for a protocol upgrade.
Ethereum Investors Face $123 Billion Risk as Price Teeters Near Critical Support
Ethereum’s market stability hangs by a thread as $123 billion worth of ETH positions hover barely above breakeven. The second-largest cryptocurrency has failed three attempts this month to sustain prices above $2,700, currently trading NEAR $2,641. Glassnode data reveals 38% of Ethereum’s market cap sits just 0-20% above cost basis, creating a precarious situation where minor downward pressure could trigger mass sell-offs.
Exchange inflows show the first significant spike of May, signaling growing investor unease. "When coins MOVE to exchanges, it’s often the prelude to selling," observes a market analyst tracking the movements. The $2,300-$2,500 range has become a make-or-break zone, with panic selling likely to accelerate if support fails.
Ethereum Price Eyes $5K as BlackRock ETF Speculation Fuels Rally
Ethereum’s 48% surge since May 8 to $2,675 positions ETH for a potential assault on $5,000 in 2025. The rally gained momentum after BlackRock included a staked Ethereum ETF in SEC meeting documents, signaling institutional interest.
Analyst Javon Marks forecasts an 81% upside to $4,811, with $8,500 achievable if bullish momentum sustains. The market now watches whether ETH can consolidate gains before challenging its all-time high.
DeFi Platform Cork Protocol Loses $12M in Smart Contract Exploit
Cork Protocol, a decentralized finance platform backed by a16z crypto and OrangeDAO, suffered a $12 million exploit involving wrapped staked ether (wstETH). Blockchain security firm Cyvers detected the breach, tracing it to a malicious contract deployed by a suspiciously funded wallet. The stolen WSTETH was swiftly converted to ETH.
The platform confirmed the incident affected its wstETH:weETH market, prompting a precautionary pause of all other markets. Security auditor Debaub suggested the attacker manipulated the smart contract’s exchange rate using counterfeit tokens.
Vitalik Buterin Advocates Ethereum as Resilient Alternative Amid Nordic Cash Reassessments
Sweden and Norway are reversing their cashless trajectories after identifying critical vulnerabilities in centralized payment infrastructures. Ethereum co-founder Vitalik Buterin positions decentralized networks as a robust contingency during systemic failures, emphasizing the need for enhanced privacy and reliability in blockchain systems.
Norway’s dependence on the Vipps mobile payment app during crises has exposed fragility in digital-only frameworks. While Sweden’s cash usage dwindled to 1% of transactions, geopolitical instability—particularly the Ukraine conflict—has prompted mandatory cash reserves as a hedge against cyberattacks and infrastructure collapse.
Buterin’s intervention spotlights Ethereum’s potential to serve as a digital fail-safe, though industry debate persists regarding its offline functionality. The Nordic pivot underscores growing institutional recognition of blockchain’s role in financial system resilience.
