Ethereum Rallies as $2.9B Flows In, EthCC Sparks Excitement, and Robinhood’s L2 Adds Fuel to the Bullish Fire

Ethereum Climbs 3.5% Amid Strong ETF Inflows, Staking Growth, and Robinhood’s L2 Announcement

Ethereum’s native token (ETH) gained 3.5% in the past 24 hours, trading at $2,519 as of 20:23 UTC on June 30, according to CoinDesk Research. The rally comes as institutional demand strengthens, staking levels hit new highs, and Robinhood unveils plans for a new Ethereum-based Layer-2 solution.

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Institutional Inflows Top $2.9 Billion YTD

Investor appetite for ether continues to rise. According to CoinShares, ETH investment products attracted $429 million in inflows last week alone, bringing the year-to-date total to $2.9 billion. These figures point to growing institutional confidence in Ethereum, particularly as regulatory clarity around spot ETH ETFs improves.

Simultaneously, ETH’s liquid supply continues to shrink. More than 35 million ETH (roughly 28% of total supply) is now staked, reducing sell pressure and reinforcing the asset’s long-term appeal.

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Robinhood to Launch Ethereum Layer-2 Network

Adding further momentum, Robinhood announced plans to launch a Layer-2 blockchain built on Arbitrum’s rollup technology. The new network, still under development, aims to support Ethereum staking, tokenized equities, and crypto derivatives.

Although the project is in its early stages, Robinhood’s entry into Ethereum scaling is seen as a vote of confidence in the network’s infrastructure and future capabilities. The integration also signals a broader trend of mainstream fintech firms building deeper on-chain services.

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Buterin’s Digital ID Proposal Highlights Privacy Innovation

Ethereum co-founder Vitalik Buterin introduced a novel approach to digital identity based on zero-knowledge proofs, allowing users to prove credentials without exposing personal information. The proposal is designed to power more secure and private authentication across decentralized applications, especially in areas like healthcare, finance, and government services.

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EthCC 2025 Underscores Ecosystem Growth

The Ethereum Community Conference (EthCC) kicked off in Cannes, France, gathering more than 6,400 developers, researchers, and investors. With over 500 speakers, the event has spotlighted Ethereum’s latest advancements, including scaling solutions, infrastructure upgrades, and the network’s future roadmap.

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Technical Analysis: Key Levels and Price Action

• Between June 29 and June 30, ETH traded in a 3.47% range, from $2,438.50 to $2,523.
• The biggest move occurred during the 22:00–23:00 UTC hour on June 29, with ETH rising 2.9% on 368,292 ETH in trading volume.
• ETH found strong support near $2,438 on June 30 at 15:00 UTC, signaling buyer strength below the $2,450 mark.
• Resistance remains near $2,523, with ETH briefly touching that level before consolidating.
• A short-lived rally at 18:20 UTC sent ETH as high as $2,499.19, before a modest retracement brought the price to $2,487.19 at close.
• As of the latest update, ETH trades at $2,519, showing a 3.49% daily gain, with bullish momentum entering the Asia-Pacific session.

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Outlook

While ETH continues to trade just below its 200-day moving average, growing institutional participation, a declining liquid supply, and continued infrastructure developments are bolstering market confidence. With major catalysts like ETF approvals and ecosystem scaling underway, ETH appears well-positioned heading into Q3 2025.

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