After a modest 3% rally earlier this week, ETH finds itself stuck between key resistance zones and fragile support levels, as investors await stronger signals from both technical charts<\/a> and ETF inflows<\/a>.<\/p>\n
The Ethereum price<\/a> is currently stabilizing near $2,520 after bouncing back from June lows. This recovery flipped a key Fibonacci level\u2014the 76.4% retracement from the $2,523 to $2,372 drop\u2014suggesting a potential trend reversal. However, immediate resistance lies at $2,665 and $2,720, with bulls needing a clear break above $2,735 to confirm a path toward the $3,000 target.<\/p>\n
Ethereum (ETH) was trading at around $2,520, down 1.18% in the last 24 hours at press time. Source: Ethereum Liquid Index (ELX)<\/a> via Brave New Coin<\/a><\/p>\n
Ethereum Layer 2 growth continues to shine, adding another bullish layer to ETH\u2019s long-term outlook<\/a>. This week, Robinhood announced it had selected Arbitrum\u2014Ethereum\u2019s top L2 chain\u2014to power its tokenized U.S. stock platform for European users. If successful, this move could significantly boost Ethereum transaction volumes by routing traditional finance activity through the network\u2019s scaling solutions.<\/p>\n
Robinhood has unveiled its Ethereum Layer 2 chain built on Arbitrum, aiming to enable seamless trading of real-world assets while engaging with regulators for broader adoption. Source: Vlad Tenev<\/a> via X<\/p>\n
The bullish backdrop is further supported by fresh institutional inflows into Ethereum-linked ETFs. According to Farside Investors<\/a>, ETH spot ETFs recorded $148.5 million in net inflows on July 4, pushing the 7-day total to $331 million. The BlackRock iShares Ethereum Trust (ETHA) and Grayscale Ethereum Trust (ETHE) lead the pack in assets under management, with $4.6 billion and $3.5 billion respectively.<\/p>\n
Ethereum ETF Flow (US$) chart. Source: Farside<\/a><\/p>\n
If Ethereum can maintain support above $2,500 and reclaim the $2,665\u2013$2,720 resistance zone, the likelihood of a $2,800 breakout increases. From there, momentum could carry ETH to $3,000 and potentially retest previous all-time highs later this year\u2014especially if bullish ETF trends and L2 adoption persist.<\/p>\n
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Ethereum appears primed for a major bullish wave, with rising long-term lows and flat recent peaks suggesting a potential rally toward $2,800\u2013$3,000 and beyond. Source: MasterAnanda<\/a> on TradingView<\/p>\n
Ethereum news today reflects a market in waiting\u2014supported by ETF inflows<\/a>, Layer 2 growth, and positive regulatory signals, but still bound by key technical levels. As traders weigh whether Ethereum will flip resistance into support, the broader outlook<\/a> remains cautiously optimistic.<\/p>\n
The next few sessions could prove decisive. If ETH breaks above $2,735 with volume and momentum, a rally toward $3,000<\/a> may not just be possible but imminent.<\/p>\n","protected":false},"excerpt":{"rendered":"