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ETH Price Surges as $2.9B Inflows, EthCC, and Robinhood’s L2 Fuel Bullish Sentiment

2025-06-30 22:16:54

Main Idea

Ether's price surged 3.5% to $2,519, driven by record ETF inflows, rising staking levels, and positive developments like Robinhood's Layer-2 blockchain initiative and the Ethereum Community Conference (EthCC).

Key Points

1. Ether rose 3.5% in 24 hours, peaking near $2,519, reclaiming the $2,500 level for the first time in weeks.

2. CoinShares data shows $429 million in weekly inflows and nearly $2.9 billion year-to-date into ETH funds.

3. Robinhood announced plans to develop its own Layer-2 blockchain using Arbitrum’s rollup infrastructure, supporting Ethereum staking and tokenized stock trading.

4. Over 35 million ETH (28% of total supply) is locked in proof-of-stake contracts, reducing exchange supply and increasing staking levels.

5. The Ethereum Community Conference (EthCC) in Cannes gathered 6,400 attendees and 500 speakers, focusing on scaling strategies and protocol improvements.

Description

Ether (ETH) 3.5% in the past 24 hours to $2,519 as of 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 inflows into ether investment products over the past week and nearly $2.9 billion year-to-date. This trend has coincided with a declining ETH supply on exchanges and rising stak...

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