Ethereum Surges Toward $3,000 as Mutuum Finance Presale and Shiba Inu Drive Altcoin Interest

Ethereum (ETH) is showing renewed bullish momentum in early June 2025, rebounding toward the $3,000 mark and currently trading near $2,628. The uptrend is bolstered by positive sentiment stemming from network upgrades, rising decentralized finance (DeFi) activity, and increased inflows to ETH ETFs. Analysts expect that if favorable conditions persist, ETH could test $2,900 by mid-June. Focus also turns to Ethereum-based altcoins, notably Shiba Inu (SHIB) and Mutuum Finance (MUTM), both attracting significant trader attention. SHIB benefits from its robust community support, high liquidity, and deflationary burn mechanism, paralleling ETH’s bullish outlook. Meanwhile, Mutuum Finance, a novel DeFi protocol, has raised over $10.1 million from more than 11,700 participants in its presale, with the MUTM token price set to double from $0.03 to a projected $0.06 at launch. Mutuum’s unique offering includes dual lending models—peer-to-contract and peer-to-peer—enabling both passive income and privacy-focused lending, plus an overcollateralized, USD-pegged stablecoin audited by CertiK. Early investors are incentivized through a $100,000 community giveaway. The combination of Ethereum’s price rally and these innovative altcoins is fueling increased speculation about strong short-term gains, positioning ETH, SHIB, and MUTM as high-upside targets for crypto traders.