BusinessPostCorner.com
No Result
View All Result
Thursday, July 17, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

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

July 2, 2025
in Crypto News
Reading Time: 8 mins read
A A
0
Ethereum Snaps 0 Higher; Bulls Eye .6K Breakout on Institutional Inflows
ShareShareShareShareShare

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 transformed blockchain technology, with developers now building the majority of smart contracts and decentralized applications (dApps) on its network.

The platform’s flexible architecture allows innovations. Teams use Ethereum’s infrastructure to create secure DeFi protocols, NFT marketplaces, and efficient Layer-2 solutions. This technological foundation continues to attract builders worldwide.

Source: DeFiLlama

The network remains the leading blockchain for utility and trust, with a total value locked (TVL) of $62.6 billion, commanding 53% of global DeFi TVL. This surpasses competitors like Tron, which is primarily used for stablecoin transfers and centralized finance (CeFi) hybrids, as well as Solana and Avalanche.

$ETH TVL hit $63,000,000.

Ethereum is the king of liquidity. 🚀 pic.twitter.com/nOYAnlGdpK

— Ted (@TedPillows) July 2, 2025

The Ethereum network processes 1.45 million daily transactions and hosts over 645,000 active wallets, indicating strong and consistent usage. The Pectra upgrade has further enhanced staking efficiency and Layer-2 scalability, reinforcing Ethereum’s long-term viability.

Source: Etherscan.io

Ethereum hosts industry-leading DeFi platforms, including Uniswap, the largest decentralized exchange; Aave, a leading lending protocol; and Curve Finance, a dominant stablecoin decentralized exchange.

Monthly Leaders in L2 User Growth 🚀

👇

▫ @Celo – 576K (+18%)
▫ @arbitrum – 358K (+23%)
▫ @GravityChain – 137K (+96%)
▫ @MantaNetwork – 12K (+39%)
▫ @LiskHQ – 8.3K (+70%)
▫ @0xPolygon – 1.4K (+19%)

More users, more momentum 📈 https://t.co/pmHi4pNqna pic.twitter.com/gY5CaI7zHM

— Ethereum Daily (@ETH_Daily) June 26, 2025

Layer-2 solutions have emerged to address high fees and scalability limitations. They include Optimism and Arbitrum, which recently surpassed 2 million daily transactions, as well as zkSync and StarkNet.

These solutions offer faster and cheaper transactions while taking advantage of Ethereum’s existing security infrastructure.

Institutions are also increasingly adopting an Ethereum treasury, similar to that of Bitcoin.

Some important examples include Bit Digital, a Nasdaq-listed company that raised $163 million to expand its Ethereum treasury, now holding 24,434.2 ETH. The firm is shifting from Bitcoin mining to Ethereum staking infrastructure.

SharpLink Gaming has also become the world’s largest corporate Ethereum holder, with 188,478 ETH (worth $457 million) acquired through aggressive buying campaigns.

🛒 SharpLink Gaming has emerged as the world’s largest publicly traded holder of Ethereum (ETH), after acquiring 176,271 ETH for $463 million. #ETH #Sharplinkhttps://t.co/ynahjYt7Hd

— Cryptonews.com (@cryptonews) June 13, 2025

Other public companies, such as BitMine and BioNexus Gene Lab, have also adopted Ethereum as a reserve asset, indicating growing institutional confidence in its long-term value.

Ethereum Forms Bearish Rounded Top: Breakdown Targets $2,300

The Ethereum ($ETH/$USDT) 30-minute chart presents a clear rounded top formation, typically interpreted as a bearish reversal pattern.

The arc began forming on June 29, with Ethereum gradually losing upward momentum after peaking just below $2,530.

This slow transition from bullish to bearish sentiment is often driven by fading buyer interest and profit-taking, leading to a progressively weaker price structure.

Source: CoinGlass

The rounded top was completed between June 30 and July 1, culminating in a breakdown below the neckline zone near $2,470, marked with a red arrow. This breakdown indicates a shift in market control from buyers to sellers, leading to a sharp price rejection and initiating a short-term downtrend.

The decline pushes $ETH down to lows of approximately $2,390, a retracement of over 5% from the local high.

Interestingly, following the breakdown, the chart shows signs of short-term recovery, with buyers stepping in around the $2,400 support zone.

A green candle appears near July 2, indicating a potential relief bounce or dead cat bounce. However, unless Ethereum reclaims the $2,470–$2,600 zone convincingly, this move may be short-lived.

In summary, Ethereum has exhibited a textbook rounded top breakdown, and caution is advised unless a strong recovery invalidates this bearish setup.

The post Ethereum Snaps $200 Higher; Bulls Eye $2.6K Breakout on Institutional Inflows appeared first on Cryptonews.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Tesla deliveries fall for second straight quarter

Next Post

Crying for a lost Labour government

Next Post
Crying for a lost Labour government

Crying for a lost Labour government

What U.S. employers need to know about measles

What U.S. employers need to know about measles

July 16, 2025
Democratic Lawmakers Announce Anti-Crypto Corruption Week In Blow To GOP’s Crypto Week

Democratic Lawmakers Announce Anti-Crypto Corruption Week In Blow To GOP’s Crypto Week

July 12, 2025
Donald Trump touts bn in energy and AI investments at Pennsylvania event

Donald Trump touts $90bn in energy and AI investments at Pennsylvania event

July 15, 2025
OpenAI’s  billion deal with AI coding startup Windsurf collapses, as Google swoops in for licensing deal

OpenAI’s $3 billion deal with AI coding startup Windsurf collapses, as Google swoops in for licensing deal

July 11, 2025
AI means lawyers must double down on this one skill

AI means lawyers must double down on this one skill

July 14, 2025
Client Challenge

Client Challenge

July 17, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Floki ($FLOKI) Price Surges 22%: Is alt=

Floki ($FLOKI) Price Surges 22%: Is $0.02 Next as Valhalla and Webull Fuel Rally?

July 17, 2025
Andersen adds Berman & Associates

Andersen adds Berman & Associates

July 17, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!