Ether
3.5% over the last 24 hours to $ 2,519 from 18:59 UTC on June 30, according to Coindesk Research’s technical analysis model, supported by continued institutional demand, network upgrades and major retail platform integrations.
Institutional interest remains robust, with CoinShares reporting $ 429 million in net inflow to Etherminvesting Products over the past week and nearly $ 2.9 billion years to date. This trend has coincided with a falling ETH supply on exchanges and rising stack levels with over 35 million Etho-a round 28% of the total supply-now locked in proof-of-stake contracts. Market analysts suggest that these factors reduce fluid supply and strengthen the Ether’s long -term investment tents.
Robinhood announced on Monday that it is developing its own LAG-2 blockchain using Arbitum’s Rollup infrastructure. The network is not yet live, but the initiative will eventually support Ethereum -Stacking, tokenized stock trading and eternal crypto futures. Although L2 is under development, the decision to build it on Ethereum’s Rollup ecosystem is seen as a long-term confidence in Ethereum’s roadmap for scalability.
Ethereum-co-founder Vitalik Barterin has also introduced a new digital identity framework using zero-knowledge evidence. This system allows users to verify features or credentials without revealing private data and is designed to help web3 apps incorporate privacy preservation systems. Analysts consider this a central step towards wider adoption of decentralized applications that require sensitive user approval.
Meanwhile, Ethereum Community Conference (Ethcc) Kicked in Cannes, France, gathered more than 6,400 participants and 500 speakers. The event shows Ethereum’s ongoing developer –momentum through presentations on new tools, scaling strategies and protocol improvements.
Despite the positive momentum, ETH remains just below its 200-day moving average, suggesting that technical barriers are still available. However, the confluence of influx, developer progress and scaling plans still support a constructive vision.
Technical analysis highlights
- Ether traded between $ 2,438.50 and $ 2,523 from June 29, 19:00 to 30 June 18:00, marking an interval of 3.47%.
- The largest spikes occurred during 22:00-23: 00 UTC window on June 29, when ETH rose 2.9% on volume of 368,292 ETH, where he briefly pushed through the $ 2,500 barrier.
- On June 30 at 1 p.m. 15:00 UTC found ETH strong support around $ 2,438 on volume above average, confirming a bullish floor.
- A local height of $ 2,523 was reached earlier in the day, establishing resistance just above the psychological level of $ 2,500.
- During the last hour from 18:00 to 18:59 UTC on June 30, Ethe returned from an intraday top of $ 2,499.19 to close at $ 2,487.19.
- A sharp upward feature between 18: 20-18: 21 experienced ETH 1.6% of 6,318 ETH volume that stopped near $ 2,499.
- From 20:23 UTC on June 30, ETH traded to $ 2,519, an increase of 3.49% in 24 hours, signaling the re -Bullish Momentum to Asia Open.
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