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Ethereum Snaps $200 Higher; Bulls Eye $2.6K Breakout on Institutional Inflows

2025-07-04 05:49:13

Main Idea

Ethereum rebounds $200 from key support as institutional inflows and Layer-2 adoption surge, with traders eyeing a potential breakout above $2,600.

Key Points

1. Ethereum ($ETH) rebounded $200 from the $2,400 support level, with traders watching the $2,600 resistance zone for the next major move.

2. Ethereum dominates decentralized finance (DeFi) with $62.6 billion in total value locked (TVL), accounting for 53% of global DeFi TVL.

3. Layer-2 solutions like Optimism and Arbitrum are addressing scalability issues, with Arbitrum surpassing 2 million daily transactions.

4. Institutional interest in Ethereum is growing, with companies like Bit Digital and SharpLink Gaming accumulating significant ETH holdings.

5. Ethereum recently formed a bearish rounded top pattern, breaking down below $2,470, but has shown short-term recovery around the $2,400 support level.

Description

Ethereum ($ETH) just staged a $200 rebound off the key $2,400 support—but traders are watching one key level that could spark the next major move. The recovery comes after $ETH weathered a brief rounded top pattern last week, with institutional inflows and Layer-2 adoption providing fundamental support. All eyes now turn to whether bulls can reclaim the $2,600 resistance zone. Source: CoinGecko Ethereum’s Unrivaled Network Activity and Layer-2 Innovation Since its launch in 2014, Ethereum has tr...

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