Ethereum Surges 3% to $2,510 on Regulatory Tailwinds and ETF Demand

Ethereum (ETH) is poised to reach $3,000 in the coming weeks, driven by regulatory tailwinds and increasing demand for exchange-traded funds (ETFs). As of the latest update, ETH was trading at $2,510, reflecting a 3% increase over the past 24 hours. This upward trajectory is attributed to two key factors: new US regulations for dollar-pegged tokens and renewed institutional demand.

The Senate recently passed the GENIUS Act, a stablecoin-focused bill that is now under consideration by Congress. This legislation is expected to reduce compliance friction for entities involved in minting or redeeming stablecoins on the Ethereum network, thereby serving as a direct tailwind for ETH. Ethereum handles the most stablecoin traffic, making this regulatory clarity particularly beneficial.

In addition to regulatory developments, ETFs have shown a significant shift in favor of Ethereum. Monthly net flows into spot Ethereum products reached $1.1 billion as of June 27, reversing a spring drawdown and indicating a resurgent allocation from asset managers who had paused risk-taking during the Middle East crisis. This renewed institutional interest is a strong indicator of Ethereum's growing appeal in the financial markets.

Technical improvements and staking upgrades have also bolstered Ethereum's network security and throughput. Validators installed a batch of performance patches in May that reduced reward variance and lowered hardware overhead. These enhancements are particularly beneficial for custodial staking services targeting pension funds and insurers, further strengthening Ethereum's fundamentals.

Applications running on Ethereum have collected more than $26 billion in cumulative user fees since 2015, with Tether’s USDT stablecoin transfers, Uniswap trading volume, and Circle’s USDC flows leading the way. Despite macroeconomic uncertainty, developers continue to launch new products, demonstrating durable revenue generation within the Ethereum ecosystem.

Rumors of a spot Solana ETF with embedded staking have raised questions about whether similar features could be allowed for Ethereum funds. MEXC Research argues that an eventual staking component would only strengthen Ethereum's fundamentals, although it has kept its price projection unchanged. The note predicts that ETH will reach $3,000 in the coming weeks, with potential follow-through toward $3,300 if momentum holds and global liquidity remains accommodative.

Traders should monitor $2,440 as the first line of support. A sustained break below this level could expose $2,350 and ultimately $2,100, especially if a geopolitical shock revives cross-asset selling. Wallet data indicates that risk appetite is slowly returning, with leveraged perpetual positions climbing but still well below last year’s peaks. This cautious optimism suggests a steady but measured approach to Ethereum's price movements in the near future.