Loading...
According to BlockBeats, on July 4th, former Ethereum core developer Eric Conner recently listed the three major catalysts for Ethereum's explosion: Stablecoins are continuously injected into the US dollar through Ethereum: with 21 consecutive months of growth, the monthly transfer volume now rivals Visa. Stablecoins are the cash engine on the chain, driving the sustained demand for ETH blockchain space. On the other hand, the net inflow of spot ETH ETFs reached $1.17 billion in June alone. The fund manager expects the size of ETH ETFs to reach several times this level in the second half of 2025. Finally, the CEX balance is only 9 million ETH, the lowest level since 2015. Eric Conner stated that Ethereum has been hovering between $2400 and $2600 for several weeks, with reduced trading volume and quietly appearing high and low points. Long term consolidation usually leads to drastic fluctuations. Therefore, if ETH firmly breaks through $2600, the trend may be rapid and drastic.