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Former Ethereum Core Developer: Stablecoin Narrative, ETF Inflows, CEX Balance at New Low to Trigger Ethereum Price Surge
Summary: Former Ethereum core developer Eric Conner recently listed three major catalysts for Ethereum's surge: Stablecoins continuously injecting USD into Ethereum, with 21 consecutive months of growth and monthly transfer volume now rivaling Visa. Stablecoins act as an on-chain cash engine, driving sustained demand for ETH block space. On the other hand, spot ETH ETF saw ...
Former Ethereum core developer Eric Conner recently listed three major catalysts for Ethereum's surge: Stablecoins continuously injecting USD into Ethereum, with 21 consecutive months of growth and monthly transfer volume now rivaling Visa. Stablecoins act as an on-chain cash engine, driving sustained demand for ETH block space. On the other hand, spot ETH ETF saw net inflows of $1.17 billion in June alone. Fund managers predict ETH ETF size will multiply several times by the second half of 2025. Lastly, CEX balance is at a new low of only 9 million ETH, the lowest level since 2015. Conner noted that Ethereum has been hovering between $2400 and $2600 for weeks, with decreasing volume and quiet highs and lows. Prolonged consolidation typically leads to sharp fluctuations. Therefore, if ETH firmly breaks above $2600, the trend may quickly and dramatically shift.
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Link: Former Ethereum Core Developer: Stablecoin Narrative, ETF Inflows, CEX Balance at New Low to Trigger Ethereum Price Surge [Copy]
