The ether
The price rose to $ 2,601 on July 2 and uncovered a breakout that began after 16 hours of tight consolidation, according to Coindesk Research’s technical analysis model.
The move coincided with the growing institutional focus on Ethereum’s new role as a platform for tokenized financial products as well as continued momentum in SPOT ETF flow.
On June 30, Robinhood via X confirmed that it is building “Robinhood Chain” on Arbitum to “run the future of asset ownership.” While the company did not specify a timeline for launch, its decision to build on the Ethereum’s leading Layer-2 solution network’s position in the center of tokenized financing. The Ethereum Foundation reinforced this tale in an answer that read: “Ethereum is for tokenized stocks.”
Based on this theme, Bitwise Cio Matt Hougan offered a bullish forecast on July 2nd. Answer to the Ethereum Foundation’s post, Hougan said: “Flow to Ethereum ETFs will speed up significantly in H2. The combination of stableecoins & stocks moving across Ethereum is an easy to graph story for traditional investors. Half of 2025 could see a much larger overall total if the investor interest accelerates.
Analysts say the convergence of stableecoins, tokenized shares and efforts in Ethereum create a compelling use of use for institutional capital.
As the effort locks almost 30% of ETH’s supply and LAG-2-use accelerates, Ethereum is increasingly placed as the basic layer of the real world’s tokenization. Market participants now see the level $ 2,800 as the next resistance zone, which, if broken, could strengthen the bullish momentum on its way into the second half of the year.
Technical analysis highlights
- ETH climbed from $ 2,413 to $ 2,570 during the 24-hour window ending July 2 at 1 p.m. 18:00 UTC, which marked a 6.49% wave.
- Consolidation between $ 2,380.83 and $ 2,460.27 lasted 16 hours before a breakout began at 1 p.m. 14:00 UTC.
- Over 16:00 hours, ETH won 2.44% with volume 3.5x the 24-hour average.
- Strong support formed for $ 2,554.06, where buyers maintain control despite profits.
- In the last hour (17:40 to 18:39 UTC)ETH rose from $ 2,560.29 to $ 2,577.0 – an increase of 0.65% by a 30% volume tip.
- Higher low and a strong close close session heights continue to indicate bullish momentum.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
