Ethereum Eyes Major Breakout with New ETH and SOL Futures on Brazilian Market

• Ethereum surged past $2,400 with an 8% gain, fueled by Pectra upgrade optimism and strong inflows.
• Brazil’s B3 confirmed Ethereum futures launch by June 16, boosting institutional interest and investor confidence.

Ethereum continued its upward movement on Friday by breaking through the $2,400 barrier and adding another 8% to its gain. The rally in price carried Ethereum as far as $2,472, its highest point since January 2025. On major spot exchanges, Ethereum beat Bitcoin as its ETH/BTC trading pair improved 8% to 0.02325 BTC, as per TradingView.

Source: TradingView

Ethereum’s surge was in response to favorable news about its Pectra upgrade. The investors reacted in fresh fervor, which drove continuous inflows into ETH. Meanwhile, Ethereum’s support level bottomed out around $2,200 at the close of the day’s trade, 50% higher compared to the month prior and 30% higher for the week.

Investor sentiment was also bolstered by hopes that Brazil’s biggest Latin American exchange, the B3 exchange, would roll out Ethereum and Solana futures contracts by June 16. The plan, which has been confirmed by B3 in an official statement, has the potential of opening new avenues for regional institutional investors to invest in regulated crypto derivatives.

B3 Launches Cash-Settled Ethereum Futures

B3’s future contracts are likely to be settled in cash in a format similar to CME’s Ethereum derivatives. The exchange is targeting local funds and wealthy investors who seek exposure to Ethereum and Solana in a regulated environment. The move places B3 in a position to fulfill increasing demand in Latin America’s financial markets.

Ethereum’s rally was also fueled by prevailing market sentiment in general. Indicators in the U.S. hinting at future rate cuts, together with rising stablecoin supply in Ethereum decentralized finance protocols, laid an encouraging environment for purchase. The surge in Ethereum was seen by analysts as having both technical and macroeconomic drivers.

Technical charts showed Ethereum breaking through its upper edge of a downtrend wedge pattern. After remaining above both its 50-day EMA of $1,901 and 100-day EMA of $2,123 for two sessions in a row, Ethereum achieved a volume breakout. Analysts pointed out increased volume through the delta histogram as an indication of institutional buying supporting the breakout.

Eyes on the $3,000 Level as Momentum Builds

With Ethereum holding close above $2,100, experts hinted at a potential recovery leg towards $2,500 in case of continued favorable market trends. A few predictions even moved in the direction of a breakout towards $3,000 if Ethereum holds its level above short-term supports over the weekend.

The blend of technical strength and growing access by institutions through Brazil’s B3 has been attractive for investors who are tracking key levels of resistance and support. A fall below $2,100 with large volume in sales can then undermine the technical appreciation and lead to a reset around $1,900.