Ethereum Consolidates at $2,425 Amid Bullish ETF Inflows

Ethereum has been holding steady at the $2,425 support level, with analysts predicting a potential breakout. The cryptocurrency has been consolidating between $2,410 and $2,736 for over a month, forming a bullish flag pattern. This pattern is often seen as a sign of accumulation, which could lead to a significant upward movement.

Technical analysts and traders, such as Michael van de Poppe, have noted the month-long consolidation as an "extreme build-up for a big breakout." The ongoing ETF inflows have also contributed to the bullish outlook. In June 2025, Ethereum spot ETFs saw $1 billion in inflows, bringing total assets to $9.6 billion. This institutional interest indicates growing confidence in Ethereum’s long-term value.

Ethereum's shift to a proof-of-stake model has reduced its energy consumption and slowed the issuance of new tokens. Over 35 million ETH is currently staked, which, combined with the continued burning of ETH from EIP-1559, supports a long-term scarcity model. This scarcity, along with the bullish technical signals, suggests a positive price outlook for Ethereum.

Currently, Ethereum is trading above the 50-day and 100-day exponential moving averages, strengthening the potential for a bullish move above $2,735. The next key resistance level is $3,000, and if this level is broken, analysts believe that new highs could form. According to the analyst's forecast, ETH could reach as high as $15,575 by 2030. However, if demand and adoption increase rapidly, a $50,000 price point remains within reach.