Ethereum surged over 6% as the crypto market attempts a relief rally after a brutal multi-week selloff that pushed $ETH to 12-month lows near $1,506. The rebound follows record-high leverage imbalances, over $870 million in spot ETF outflows across four weeks, and a crypto Fear & Greed Index that hit 'extreme fear' territory, conditions that historically precede short-covering bounces. Constructive catalysts include Circle minting $250M USDC on-chain (signaling potential liquidity deployment), Uniswap founder Hayden Adams declaring he is 'extremely bullish on DeFi and Ethereum,' and advancing U.S. crypto legislation including the CLARITY Act and a House Ways and Means digital asset tax hearing scheduled for June 9. #BitcoinRalliesOver5Percent

ETH4.28%
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