In recent weeks, Ethereum has captured the attention of investors and analysts alike. On one hand, there’s been a significant capital inflow through Exchange-Traded Funds (ETFs), and on the other hand, a major network upgrade has paved the way for further growth and scalability.
Capital Inflows and Price Performance
By the end of June, Ethereum recorded a notable gain of over 3.5%, pushing its price back towards the $2,500 mark after a prolonged consolidation. This upward momentum was largely driven by strong ETF inflows, with over $2.9 billion pouring into Ethereum-related funds so far this year. Additionally, the shrinking ETH supply on exchanges and a significant increase in staking activity—now totaling over 35 million ETH, or approximately 28% of the total supply—are viewed as strong indicators of Ethereum’s improving market fundamentals.
Network Upgrade and Technical Outlook
On the technical side, Ethereum underwent a major network upgrade called Pectra in early May 2025. This update improved user experience, transaction speed, and fee efficiency. Furthermore, the development of advanced technologies like Distributed Validator Technology (DVT) has enhanced network security and decentralization, boosting Ethereum’s appeal to institutional investors and reinforcing its position in the broader digital asset space.
These factors are likely to encourage further investor confidence as Ethereum continues to establish itself as a core component of the crypto market’s next growth cycle.
Ethereum Price Analysis
On the 4-hour timeframe, Ethereum recently broke below a rising channel and has since entered a pullback phase after testing the $2,120 support level, which had been highlighted earlier as a key area to watch.
Given the strength and daily-level significance of the supply zone that triggered this breakdown, we expect Ethereum to resume its bearish trend and potentially break below the $2,120 support.
Looking ahead, the $1,753 to $1,817 range could serve as the next bearish target zone. Should Ethereum reach this area, it may present an attractive buying opportunity for long-term investors.
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