ether
According to Coindesk Research’s technical analysis model, in the past 24 hours, $2,519, supported by ongoing institutional demand, network upgrades and integration of major retail platforms.
Institutional interest remains strong, staying strong with Coinshares Report Net inflows to Ether investment products have been $429 million in the past week, and has reached nearly $2.9 billion so far. This trend coincides with a decline in supply of ETH supply, while points levels rise, with more than 35 million ETH (28% of the total supply) now locking in the proof contract. Market analysts believe these factors are reducing liquid supply and strengthening Ether’s long-term investment paper.
Robin Announce On Monday, it is developing its own 2-layer blockchain using inotum’s aggregate infrastructure. The network has not been live streamed yet, but the program will eventually support Ethereum accumulation, symbolic stock trading and permanent crypto futures. Although L2 is under development, the decision to build on Ethereum’s aggregated ecosystem is seen as a long-term vote of trust in Ethereum’s scalable roadmap.
Ethereum co-founder Vitalik Buterin also has it Introduced New digital identity framework using zero-knowledge proof. The system allows users to verify features or credentials without revealing private data and is designed to help Web3 applications include privacy-protecting identity systems. Analysts see this as a critical step in the wider adoption of decentralized applications requiring sensitive user authentication.
Meanwhile, Ethereum Community Conference (ETHCC) The curtain kicked off in Cannes, France, with more than 6,400 attendees and 500 speakers gathered. The event demonstrates the ongoing developer momentum in Ethereum by demonstrating new tools, scaling strategies and protocol improvements.
Despite positive momentum, ETH remains below its 200-day moving average, indicating that there are still technical barriers. However, the convergence of inflows, developer progress and expansion plans continues to support the constructive prospect.
Technical analysis highlight
- From 19:00 on June 29 to 18:00 on June 30, Ether trades between $2,438.50 and $2,523, with a marking range of 3.47%.
- The biggest spike occurred in the 22:00–23:00 UTC window on June 29, when ETH soared 2.9% of 368,292 ETH, briefly pushing the $2,500 barrier.
- On June 30, at 15:00 UTC, ETH found a large amount of support above average of $2,438, confirming the bullish floor.
- Earlier in the day, the local high reached $2,523, building resistance at the psychological $2,500 level.
- In the last hour of UTC on June 30, ETH reviewed the intraday peak of $2,499.19, closing at $2,487.19.
- In a sharp upward movement between 18:20-18:21, ETH climbed 1.6% on the 6,318 ETH volume, stagnated to close to $2,499.
- ETH was trading at $2,519 as of 20:23 on UTC on June 30, up 3.49% in 24 hours, sending new bullish momentum to the Asian Open.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
