Ether Faces $2,500 Breakout as ETFs See 7-Week Inflow Run

- Institutional inflows into spot Ether ETFs reach 106,000 ETH over seven weeks. - Whales deposited 62,289 ETH into exchanges in June, raising concerns. On July 2, 2025, Cointelegraph reported that Ether (ETH) may soon break its prolonged range, driven by a seven-week streak of institutional inflows. During this period, spot Ether exchange-traded funds (ETFs) have accumulated a total of 106,000 ETH, signaling growing institutional interest that could potentially drive significant price movement. However, whale activity has introduced caution into the market. Early June data from Etherscan revealed that two major Ethereum holders unstaked and withdrew 95,920 ETH and then transferred a substantial portion, 62,289 ETH, to exchanges, which hints at a possible sell-off. Such movements by large holders often heighten concerns about downward price pressure. On the technical front, Ether’s price has been consolidating between its 50-day simple moving average (SMA) at $2,528 and a support level at $2,323. Cointelegraph notes that flat moving averages and a neutral relative strength index (RSI) suggest this consolidation will continue in the near term. To break out of its current range, Ether must surpass the 50-day SMA. Its next upside targets are $2,738 and $2,879. Conversely, a bearish breakdown below the $2,323 support could push the price toward $2,111—a stronger support zone. Analysts believe these key levels, $2,879 on the upside and $2,111 on the downside, will shape ETH’s next major price action. According to CoinMarketCap on July 2, Ethereum (ETH) was trading at $2,565.56 as of 17:15 UTC, and its 24-hour trading volume was up by 5.73%.