Key Takeaways:
- Ethereum rebounds 20% from June lows, outperforming Bitcoin amid strong spot demand and futures market recovery.
- Positive funding rates and rising leverage signal growing bullish momentum, setting the stage for a potential breakout above $3,000.
Despite June being only halfway through, Ethereum [ETH] has already weathered two steeper corrections than Bitcoin [BTC], enduring double-digit pullbacks amid broader market fear, uncertainty, and doubt (FUD). But far from being a sign of weakness, these moves may be a calculated reset, potentially priming Ethereum for its next major leg upward.
According to insights from AMBCrypto, the shakeouts could be exactly what bullish traders need to reset leverage, rebuild conviction, and flip resistance zones into fresh support.
Spot Buyers Step Up Amid Derivatives Liquidation
Ethereum opened the month with a sharp 10.77% decline, tumbling to $2,393 after Bitcoin retreated 4.44% from its $105,000 resistance. But the dip didn’t last long. ETH quickly rebounded by over 20%, far outpacing Bitcoin’s 10.03% recovery, reinforcing structural support beneath the surface.
That bounce wasn’t a one-off.
Another round of macro-induced FUD—this time triggered by escalating geopolitical tensions—sent Bitcoin sliding to $102,832, marking a 7% drop from its weekly peak. Ethereum responded with a sharper 14.9% correction, bottoming at $2,441. However, this wasn’t solely a spot-driven reaction. Analysts from AMBCrypto highlighted that much of the sell-off stemmed from aggressive futures deleveraging.
Despite the volatility, ETH has once again demonstrated resilience. At the time of writing, the asset has reclaimed more than 50% of its losses, trading at $2,619. The quick rebound suggests that the leverage flush didn’t scare off underlying spot demand—if anything, it emphasized strong buy-side interest.
Futures Rebuild as Ethereum Outpaces Bitcoin
Ethereum’s recovery isn’t just about price—it’s being reinforced by renewed strength in the derivatives market.
Open Interest in ETH futures has bounced back 5%, reaching $36 billion. Funding rates remain positive, signaling that traders continue to favor long positions. More tellingly, the Estimated Leverage Ratio (ELR), which had reset by 9% to 0.78, is now rising again—an indication that leveraged traders are gradually rotating back in.
This rebuilding of speculative interest, coupled with firm spot demand, has propelled Ethereum to a 3.55% gain on the day, outperforming Bitcoin once again.
🚨BREAKING:
— CryptoGoos (@crypto_goos) June 15, 2025
WHALES HAVE BOUGHT OVER 200,000 $ETH IN THE LAST 3 DAYS.
THEY'RE BUYING THE DIP HARD! pic.twitter.com/WGfI5orKIF
Is Ethereum Poised for a Parabolic Rally?
The pattern playing out now mirrors Ethereum’s recent cycles—deep corrections followed by strong spot-led recoveries and renewed leverage participation. Each time, ETH has emerged with stronger support and used it as a springboard for upward momentum.
Also Read: Consensys Founder Predicts Wall Street’s Imminent Move into DeFi and Ethereum
If the trend continues, the current setup may shift from being perceived as “high-risk” to one of “high-reward,” setting the stage for a breakout past $3,000 as Q3 begins.
With structural support intact, derivatives stabilizing, and spot buyers unfazed, Ethereum’s next move might not just be a recovery—but the start of a parabolic rally. Investors and traders would do well to keep this asset on their radar.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
