Ethereum demonstrated strong resilience in June, experiencing two more intense corrections than Bitcoin, both followed by double-digit rebounds. Market leverage is decreasing, and liquidity is shifting towards the spot market, providing momentum for Ethereum's next move. At the beginning of June, Ethereum's price fell by as much as 10.77%, reaching a low of $2,393, but then rebounded over 20%, significantly outperforming Bitcoin during the same period. Recently, influenced by geopolitical tensions, both Bitcoin and Ethereum experienced pullbacks; however, Ethereum quickly recovered, showing strong buying demand. Futures market data indicates that Ethereum's open interest and funding rates remain positive, with leverage ratios rising again after adjustments, reflecting strong bullish sentiment. Supported by spot demand, Ethereum has outperformed Bitcoin, with the current price rising by 3.55%. This trend pattern suggests that Ethereum is poised for a more substantial increase in Q3, with $3,000 potentially becoming the new starting point.

June’s only halfway through, and Ethereum [ETH] has already absorbed two sharper corrections than Bitcoin [BTC], each time posting double-digit drawdowns during waves of market-wide FUD.But beneath the surface, this isn’t random. It shows a calculated reset. According to AMBCrypto, it might be the kind of shakeout bulls need to build momentum and flip resistance zones with conviction – surely something that’s worth keeping on your radar.Spot demand steps in as derivatives cool offEthereum kicked off June with a solid 10.77% dip, hitting a mid-week low around $2,393, right as Bitcoin slipped 4.44% off its $105k resistance. What followed was a decisive recovery. ETH rebounded 20.3% off the lows, clearly outpacing Bitcoin’s 10.03% move in the same window. That kind of relative strength post-capitulation reinforced Ethereum’s structural support.Now, the current setup is beginning to echo that same sequence. Another round of market-wide FUD (sparked by geopolitical tensions) knocked Bitcoin down to a mid-week low of $102,832, a 7% dip from its weekly high.Ethereum followed with a sharper 14.9% pullback, dropping to $2,441. But this wasn’t just a spot-driven move. As AMBCrypto flagged, the drop was triggered by a heavy round of futures deleveraging.Yet what’s notable is ETH’s swift recovery. At press time, it has already reclaimed over 50% of the drop, trading at $2,619. Clearly, the leverage flush didn’t dent underlying demand. Instead, it once again reinforced ETH’s strong bid-side interest.Setting the stage for Ethereum’s next parabolic legNothing underscores ETH’s resilience quite like its futures setup. Despite the recent liquidation wave, Ethereum’s Open Interest has rebounded 5% to $36 billion, while funding rates remain firmly positive, signaling a strong long-side bias.Meanwhile, the Estimated Leverage Ratio (ELR) across exchanges is ticking higher again after a sharp 9% reset to 0.78 last week. In short, leverage is rotating back in, and repositioning is rebuilding fast.Backed by firm spot demand, Ethereum is now outperforming Bitcoin with a 3.55% gain at press time, echoing the post-liquidation strength seen in the past two cycles.This pattern matters. Each cycle has seen Ethereum reset higher, establish stronger structural support, and use that foundation as a launchpad for parabolic recoveries.If it holds, the setup shifts from “high-risk” to “high-reward”, making $3k just the starting line as we move into Q3.

Ethereum Strong Rebounds in June, $3,000 May Become the New Target for Q3