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In June 2021, Ethereum was at $ 2,400 and, through a long, arduous lateral price action, has once again bounced above that price range thanks to the support of Ethereum ETFs.
Now trading above $2,565 and its 100-hour SMA, ETH looks poised for a stronger breakout. Immediate resistance sits at $2,600 and $2,620, while bulls are clinging to $2,550 as the line they can’t afford to lose. A sustained move could send ETH toward the $2,636 swing high.
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Are Ethereum Holders Going to Be Left Behind?
Ethereum sisters, is it finally our time to shine? Institutional money has been flooding into Ethereum ETFs with $1.17 billion in June, over $1.5 billion so far this year, and projections point to $10 billion by the end of 2025.
Bitwise CIO Matt Hougan says it’s simple: “Ethereum increasingly becomes the settlement layer for regulated finance.”
As these ETFs pull TradFi deeper into the blockchain, ETH is fast becoming the go-to for tokenized stocks, bonds, and beyond.
Additionally, Ethereum’s scalability playbook is working for now. Arbitrum, Optimism, and zkSync are racking up usage as Layer 2s soak up DeFi traffic and gaming demand. Meanwhile, EIP-7983—an upcoming cap on per-transaction gas—promises smoother sailing ahead. It’s a defensive move, but a smart one, as rivals like Solana eye the throne.
The future of Ethereum is for everyone 💜 https://t.co/QY2zy4fQU3
— Polygon (@0xPolygon) May 9, 2025
If Ethereum has any chance of breaking ATHs this year, it will be through its Layer 2 dominance. After months of holding above $2,425, it’s carved out a rounded bottom that some analysts say could be the launchpad for a move toward $8,500 this cycle.
The technicals match the narrative for ETH with stronger fundamentals, deeper institutional ties, and no signs of structural weakness.
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What’s Next for Ethereum?
The old ploy that is Ethereum is waiting to be used. ETH has room to run, but only if it clears the ceiling at $2,620. With ETF inflows growing and Layer 2 infrastructure clicking into place, the setup leans bullish.
Still, any drop below $2,520 throws the trend into question. For now, ETH is stuck in a pressure cooker of institutional money, tech upgrades, and trader nerves.
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Key Takeaways
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ETH has once again bounced above that price range thanks to the support of Ethereum ETFs. -
The old plow that is Ethereum is waiting to be used. ETH has room to run, but only if it clears the ceiling at $2,620.
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