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ETHUSD showed a minor pullback following the footsteps of Bitcoin. It hit a high of $2652 and is currently trading around $2601.70.
SEC Guidance Boosts Crypto Staking
The U.S. Securities and Exchange Commission (SEC) released new guidance on May 29, 2025, stating that most protocol staking activities, including self-staking, delegated staking, and both custodial and non-custodial techniques, do not break U.S. securities law and do not need registration. By identifying staking as a fundamental feature of proof-of-stake blockchains instead than an investment contract (provided it doesn't include profit expectations only from a centralized promoter), this advice signals a major change that effectively eliminates a major regulatory barrier for Ethereum (ETH) and the bigger cryptocurrency staking sector. Though regarded as a big step forward that might set the path for staking-enabled investment instruments including Ethereum ETFs and boost participation, the SEC has postponed approval for certain staking ETFs due to fund structure issues and the IRS still has to provide clarity on the taxation of staking rewards inside these structures.
Strong Inflows into Ethereum ETFs
U.S. spot Ethereum ETFs have seen strong and sustained interest over the previous ten to eleven days ending June 2, 2025, logging over $634 million in net inflows. With $78.2 million only on June 2 and $321 million during the week ending May 30, ETH ETFs become frontrunners among crypto ETPs during this time. With a rotation out of Bitcoin ETFs and a sharp price increase in ETH over the previous month of 43%+, these inflows reflect fresh institutional and retail appetite for exposure to Ethereum, bringing the total net assets in Ethereum ETFs to around $9.37 billion.
Technical Outlook and Trading Strategy
Overall trend remains bullish as long as support $2300 remains intact. Watch out for $2770, any daily close above targets $3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.
Immediate support is around $2500. Any violation below will drag the price down to $2450/$2300/$2000/$1750/$1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.
It is good to buy on dips around $2550-55 with SL around $2300 for a TP of $3000/$4000.
