Ethereum’s Surge: What Propels It Forward?

Key Points

1. Ethereum's price rose to $2,519 on June 30, driven by institutional demand, network advancements, and major platform integrations, before slipping back below $2,500.

2. Institutional interest in Ethereum products remains strong, with $429 million in net inflows over the past week and $2.9 billion year-to-date, while 35 million ETH (28% of supply) is locked for staking.

3. Technical developments include Robinhood's Ethereum-based Layer-2 network and Vitalik Buterin's new privacy-focused digital identity system using zero-knowledge proofs.

4. The Ethereum Community Conference (EthCC) highlighted ecosystem innovations, with over 6,400 participants and 500 speakers.

5. ETH's price fluctuated between $2,438 and $2,523, with strong support at $2,438 and potential targets of $2,750 and $3,000 if it closes above $2,500 in July.