Ethereum Holds Strong at Key Support Level Amid Bullish Whale Activity
Ethereum has successfully maintained its position above the critical $2,400 support level, sparking optimism among analysts about a potential rally. As of June 27, 2025, the second-largest cryptocurrency by market cap is trading at $2,448, buoyed by significant institutional and whale activity. Notably, June 16 witnessed the largest single-day ETH purchase since 2018, with whales accumulating 1 million tokens. Additionally, spot Ethereum ETFs have recorded $232.4 million in inflows over three consecutive days, further fueling bullish sentiment. This accumulation of positive developments suggests strong upward momentum for Ethereum in the near term.
Ethereum Holds Key Support Level as Analysts Predict Rally Potential
Ethereum maintains its position above the critical $2,400 support level, signaling potential upward momentum. The second-largest cryptocurrency by market cap traded at $2,448 as institutional and whale activity fueled bullish sentiment.
Notably, June 16 saw the largest single-day ETH purchase since 2018, with whales accumulating 1 million tokens. Spot ethereum ETFs recorded $232.4 million in inflows over three consecutive days, reinforcing institutional interest.
Michaël van de Poppe of MN Trading Capital remains optimistic: 'Holding above this crucial range low suggests we'll test the other side of the range in coming weeks.' Technical analysis points to potential targets of $2,608 by July and $3,853 by September 2025.
The token's resilience follows a retreat from June 11 highs of $2,871, when geopolitical tensions briefly rattled crypto markets. Current price action demonstrates Ethereum's ability to absorb shocks while maintaining key technical levels.
Ethereum Network Generates Multi-Billion Dollar Revenue
Ethereum, the leading altcoin network, has amassed $7.3 billion in transaction fees over the past year, with stablecoin transfers accounting for 60% of this revenue. The network's financial dominance is underscored by $4.3 billion generated from stablecoin activity alone, reflecting their critical role in liquidity and cross-exchange transactions.
Staking emerged as the second-largest revenue driver, contributing $908.8 million as validators locked ETH to secure the network. Decentralized finance protocols added another $1.5 billion collectively, with lending platforms generating $768.2 million and DEXs contributing $750.2 million. These figures highlight Ethereum's entrenched position as the backbone of Web3's financial infrastructure.
Ethereum Price Prediction: Analysts See ETH Targeting $3,000 by July Amid ETF Inflows and DeFi Revival
Ethereum's price trajectory is gaining credible momentum as spot ETF inflows and renewed DeFi activity fuel bullish sentiment. Analysts project a climb to $2,800 by July, with $3,000 achievable by mid-August—a target grounded in tangible capital inflows rather than speculative hype.
The ecosystem shows signs of sustained demand, with staking yields attracting traditional finance attention and TVL growth signaling DeFi's resurgence. Aave's protocol activity underscores this trend, reflecting renewed confidence in Ethereum's utility layer.
Ethereum Foundation's Strategic ETH Transfers Signal Ecosystem Investments
The Ethereum Foundation has moved 9,000 ETH (worth $22 million) to a Gnosis Safe Proxy wallet over 30 days, with a 1,000 ETH ($2.45 million) transfer executed today. Blockchain analysts confirm these funds are likely earmarked for grants or external projects, avoiding market sell pressure.
Spot Ethereum ETFs continue attracting capital, averaging 13,642 ETH ($33.2 million) in daily net inflows. The Foundation's use of multi-signature security underscores its focus on disciplined ecosystem development rather than speculative moves.
