Former Ethereum Core Developer: Stablecoin Narrative, ETF Inflows, CEX Balances at New Lows to Trigger Ethereum Price Explosion
BlockBeats News, July 4th, former Ethereum core developer Eric Conner recently wrote an article listing the three major catalysts for Ethereum's breakout:
Stablecoins continuously injecting dollars into Ethereum: 21 months of continuous growth, with monthly transaction volume now on par with Visa. Stablecoins serve as the on-chain cash engine, driving the sustained demand for ETH block space.
On the other hand, spot ETH ETF saw a net inflow of $1.17 billion just in June. Fund managers expect the size of the ETH ETF in the second half of 2025 to be several times this level.
Finally, CEX balances are down to only 9 million ETH, the lowest level since 2015.
Eric Conner stated that Ethereum has been hovering between $2400 and $2600 for weeks, with decreasing volume and quiet higher lows. Prolonged consolidation periods often lead to sharp movements. Therefore, if ETH firmly breaks above $2600, the trend may be rapid and intense.
You may also like

WLFI at it Again? Banking License Controversy Amid $500M Investment

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
