Ethereum’s price surged to $2,601 on July 2 following a period of consolidation, according to CoinDesk Research’s technical analysis. This rise reflects increasing institutional interest in Ethereum as a platform for tokenized financial assets and growing momentum in spot ETF inflows.
Robinhood announced plans to develop “Robinhood Chain” on Arbitrum, Ethereum’s leading Layer-2 solution, signaling confidence in Ethereum’s central role in tokenized finance. Although no launch date was provided, the move underscores Ethereum’s position in facilitating tokenized stocks, a narrative emphasized by the Ethereum Foundation.
Bitwise CIO Matt Hougan projected significant acceleration in Ethereum ETF inflows during the second half of 2025. Highlighting the combination of stablecoins and tokenized stocks on Ethereum, he pointed to $1.17 billion in net ETF inflows in June alone as evidence of rising institutional interest.
Analysts note that Ethereum’s convergence of stablecoins, tokenized equities, and staking—currently locking nearly 30% of ETH supply—creates a strong use case for institutional capital. The growth of Layer-2 solutions further positions Ethereum as a foundational layer for real-world asset tokenization.
Market watchers are focusing on the $2,800 resistance level; a breakout there could reinforce bullish momentum for the remainder of the year.
Technical Analysis Summary:
- ETH rose 6.49% from $2,413 to $2,570 in 24 hours ending July 2, 18:00 UTC.
- A 16-hour consolidation between $2,381 and $2,460 preceded the breakout at 14:00 UTC.
- At 16:00 UTC, ETH gained 2.44% with volume 3.5 times the daily average.
- Strong support formed at $2,554, maintaining buyer control despite profit-taking.
- In the final hour, ETH climbed 0.65% alongside a 30% volume increase.
- Higher lows and close near session highs signal continued bullish momentum.
Note: This article was partially generated by AI and reviewed by editors for accuracy. For more details, see CoinDesk’s AI Policy.