Ethereum (ETH) Price Surges 10% on Spot Demand as Leverage Remains Flat
The post Ethereum (ETH) Price Surges 10% on Spot Demand as Leverage Remains Flat appeared on BitcoinEthereumNews.com. Key Highlights ETH surged approximately 10% and momentarily reclaimed $1,800 following a positive shift in Net Taker Volume on June 28 Open interest remained unchanged throughout the price increase, indicating the rally lacks leverage-driven speculation A critical resistance zone exists at the 50-day EMA near $1,806 US-based ETH spot ETFs recorded net inflows for three consecutive trading sessions Vitalik Buterin presented “Lean Ethereum,” an extensive protocol transformation projected to reduce ERC20 transaction costs by more than tenfold Ethereum has appreciated roughly 10% during the previous seven days, momentarily reaching the $1,800 level for the first time in several weeks. This upward movement followed the ETH Net Taker Volume indicator turning positive on June 28, demonstrating that purchasing activity was dominating perpetual futures markets. Following this sh