Investor-Centric Brief (Bullet Format for Quick Scanning)
Ether Pulls Back, but Market Signals Turn Increasingly Bullish
- Price Action: ETH fell 0.15% to $2,758 after peaking at $2,872 on June 11. The sell-off accelerated between 15:00–17:00 UTC and continued into early Asia trading.
- Technical Weakness: A rapid 1.29% decline to $2,736 was met with modest buying, suggesting support near $2,735 may be forming.
- Options Market: Glassnode reports a sharp drop in one-week skew (–2.4% → –7.0%), indicating demand for upside calls is growing.
- On-Chain Activity: Over 140,000 ETH (~$393M) exited exchanges on June 11 — the largest outflow in more than a month, per Sentora.
- ETF Demand: ETH ETFs brought in $240.3M in new inflows, topping Bitcoin ETFs for the day. No net outflows have been recorded since mid-May.
- Analyst Insight: Anthony Sassano calls ETH “structurally undervalued,” citing accelerating ETF flows and institutional rotation.
👉 Takeaway: Despite the price dip, ETH’s positioning across spot, derivatives, and ETF markets points to deepening bullish conviction — suggesting traders are buying weakness ahead of a potential breakout.
