Ether Climbs to $2,601 as Institutional Interest Rises and Robinhood Reveals Arbitrum Blockchain Plans
Ether (ETH) rallied to $2,601 on July 2 after breaking out from over 16 hours of sideways trading, according to CoinDesk Research’s technical data.
The upward movement reflects growing institutional enthusiasm for Ethereum’s role in tokenized financial products, paired with consistent inflows into spot Ethereum ETFs.
Adding to the positive sentiment, Robinhood announced via X (formerly Twitter) that it is developing “Robinhood Chain,” a blockchain built on Arbitrum’s Layer-2 technology. Although no launch date has been given, the move highlights Ethereum’s increasing significance in powering tokenized assets. The Ethereum Foundation replied to Robinhood’s announcement, saying, “Ethereum is for tokenized stocks.”
Meanwhile, Bitwise’s Chief Investment Officer, Matt Hougan, said on July 2 that he expects spot Ethereum ETFs to see a significant surge in activity in the second half of 2025. Hougan noted that the blend of stablecoins and tokenized stocks on Ethereum presents a clear and appealing story for traditional investors. He highlighted that Ethereum ETFs attracted $1.17 billion in inflows in June alone, suggesting further growth ahead if investor momentum continues.
Analysts believe the combined forces of staking, tokenized assets, and widespread Layer-2 adoption are making Ethereum an increasingly attractive proposition for institutions.
With roughly 30% of ETH’s total supply now locked in staking and the ecosystem’s Layer-2 footprint expanding, Ethereum is positioning itself as the backbone for future tokenized finance. Traders are watching the $2,800 level closely, as a break above that resistance could trigger a new wave of bullish momentum into the year’s second half.
Technical Analysis Overview
- ETH climbed from $2,413 to $2,570 during the 24-hour period ending July 2 at 18:00 UTC—a 6.49% increase.
- The price stayed trapped between $2,380.83 and $2,460.27 for 16 hours before the breakout at 14:00 UTC.
- At 16:00 UTC, ETH surged 2.44%, with volumes rising to 3.5 times the 24-hour average.
- Significant support was observed at $2,554.06, even as traders took profits.
- During the final hour (17:40 to 18:39 UTC), ETH moved from $2,560.29 to $2,577.00, gaining 0.65% amid a 30% rise in trading volume.
- A series of higher lows and a closing price near the session high suggest the bullish trend remains intact.
