ETH Holds $2.4K Amid $830M Inflows and L2 Growth

- Ethereum's L2 ecosystem growth and $830 million spot ETH ETF inflows buoy price. - Ether futures premium and reduced exchange balances indicate market stability. On June 17, 2025, Cointelegraph reported that significant Layer-2 ecosystems development and $830 million inflows into spot ETH ETFs bolster Ethereum's resilience around the $2,400 mark. Ethereum (ETH) exhibits strong support around the $2,400 mark despite a recent 15% price decline. This support largely stems from developments in Ethereum's layer-2 ecosystems and a significant inflow into U.S.-listed spot ETH ETFs. Substantial growth in Ethereum's layer-2 ecosystems, such as Base, Arbitrum, Unichain, and Polygon, has proven crucial, as these networks' combined decentralized exchange (DEX) volume has even surpassed Ethereum’s monthly volume. For instance, Shopify initiated a limited rollout of USDC stablecoin payments on the Base blockchain, and the company expects a full launch by the end of the year. U.S.-listed spot ETH ETFs have attracted a notable $830 million net inflow, reflecting ongoing investor confidence amidst the broader market downturn. This significant investment further supports the view that the $2,400 level is a strong support zone for Ethereum. Other indicators also signal market stability. The Ether futures premium, for instance, reclaimed a neutral 5% threshold after a brief dip, suggesting traders are regaining confidence at the $2,400 support level. Additionally, ETH put options trade at a 4% discount compared to call options, indicating that major traders have not turned bearish, even though ETH failed to hold the $2,500 mark. Furthermore, a declining balance of Ether on exchanges, which dropped to 16.31 million ETH as of June 17 from 16.71 million a month prior, suggests long-term holding or staking. Over the same period, Ethereum's total value locked (TVL) increased by 6% to $67.2 billion, further indicating market confidence. While traders do not anticipate Ethereum will surge to $3,000 in the immediate future, ongoing stability and strength observed in the derivatives markets suggest the $2,400 support level is likely to hold. Nonetheless, potential headwinds such as rising geopolitical tensions in the Middle East and ongoing trade disputes involving the United States could influence Ethereum's trajectory. Recent market data shows Ethereum (ETH) trading at $2,518.60 as of June 17, 22:09 UTC, while its 24-hour trading volume decreased by 5.25%.