Turkish regulators recently outlined their approach to DeFi apps, which could lead to more bans.

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Ethereum is consolidating above the $2,500 mark, showing resilience amid 
broader market uncertainty. While bulls have successfully flipped $2,500 from 
resistance into support, the price still faces significant pressure below the 
$2,700 zone. This range-bound behavior has persisted since early May, and the 
coming days are likely to define the next major move, not only for ETH but 
also for the broader altcoin market. Related Reading: Ethereum Range Tightens 
– Liquidity Looms At $2,800 And $2,350 Top analyst Ted Pillows shared 
technical insights, highlighting Ethereum’s current structure, particularly 
after the $2,500 level was reclaimed. However, the next challenge lies in 
reclaiming the range high. A breakout above this key resistance could trigger 
a strong bullish continuation and potentially ignite an altseason, as capital 
often rotates into altcoins once ETH gains momentum. On the flip side, failure 
to sustain current support may open the door for a pullback toward lower 
demand levels. For now, bulls appear to be in control, but the market remains 
on edge, awaiting a decisive move. Whether ETH can build enough strength to 
break through resistance or slips into another leg of consolidation will 
likely shape sentiment and positioning for the weeks ahead. Ethereum Builds 
Strength As It Eyes Range High Ethereum continues to trade within a well- 
defined consolidation zone, oscillating between $2,400 and $2,700 since early 
May. After reclaiming the $2,500 level and flipping it into support, ETH now 
looks poised for a potential breakout. Ted Pillows highlighted this shift in 
momentum, stating that Ethereum is “looking good” and could soon revisit the 
upper boundary of the range. However, despite Ethereum’s strength, broader 
market conditions remain mixed. Bitcoin’s failure to break above its all-time 
high adds pressure to the crypto market, and altcoins continue to struggle to 
find solid footing. While macroeconomic uncertainty has eased following 
encouraging job reports and legislative developments in the US, headwinds 
persist. Rising US Treasury yields and the Federal Reserve’s ongoing delay in 
cutting interest rates contribute to a cautious environment. Still, Ethereum’s 
ability to hold above $2,500 suggests bullish intent. If price pushes toward 
and ultimately breaks above $2,700, it could trigger a broader move across 
altcoins, reawakening market momentum. But without a breakout in the short 
term, another leg of consolidation—or even a pullback—remains possible. This 
week may prove pivotal in setting the tone for Ethereum and the altcoin 
market’s next phase. Related Reading: Ethereum Risks Downside If Resistance 
Holds: $2,700 Level Is Critical ETH Tests Resistance As Consolidation Tightens 
Ethereum is trading at $2,550, holding above its key moving averages and 
continuing to consolidate in a tight range. The daily chart shows that ETH is 
attempting to break above the 200-day moving average (red), currently sitting 
near $2,488, while managing to stay above both the 50-day (blue) and 100-day 
(green) moving averages. This convergence of key technical levels highlights 
the current equilibrium between bulls and bears. Despite multiple attempts 
since early May, Ethereum has not been able to sustain a breakout above the 
$2,700 mark. Each push higher has faced selling pressure, suggesting that this 
zone remains a major area of resistance. However, recent price action shows 
higher lows and strong defense of the $2,500 level, signaling building 
momentum. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High 
To Trigger Altseason Trading volume remains relatively flat, which aligns with 
the ongoing consolidation, but could also foreshadow a volatility spike once 
direction is confirmed. A successful daily close above the $2,600–$2,700 zone 
could trigger an impulsive move toward $3,000 and beyond. Conversely, a 
breakdown below the $2,480 level would invalidate the bullish structure and 
shift sentiment. Featured image from Dall-E, chart from TradingView

Ethereum Turns Key Resistance Into Support – Momentum Builds For Range Breakout

CoreWeave’s (CRWV) $9B all-stock deal to acquire Core Scientific sent CORZ 
shares tumbling. Why did investors reject the merger? Here&#8217;s what you need to 
know. Core Scientific Plunges The following guest post comes from 
Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, 
educational tools, and industry insights. Originally published on July 3, 
2025, […]

Core Scientific Crashes After CoreWeave Acquisition News – What Spooked Investors?

Soaring stablecoin reserves at Binance, falling Bitcoin dominance and a 
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Data shows the US Ethereum spot ETFs have seen net inflows for eight 
consecutive weeks now, a sign of continued institutional demand. Ethereum Spot 
ETF Netflow Remains Positive In a new post on X, the on-chain analytics firm 
Glassnode has shared an update on how the weekly netflow for the US spot 
exchange-traded funds (ETFs) of Ethereum has been looking. Spot ETFs refer to 
investment vehicles that allow investors to gain exposure to an asset without 
having to directly own it. These ETFs trade on the traditional platforms, so 
they allow for an easier investment method for those who find cryptocurrency 
exchanges and wallets overwhelming to navigate. Related Reading: Dogecoin 
Resistance Walls Ahead: Analyst Flags 3 Key Levels Below is the chart shared 
by the analytics firm that shows how the American Ethereum spot ETFs have been 
doing lately: From the graph, it&#8217;s visible that the netflow related to the 
Ethereum spot ETFs has recently been on a green streak. This means that 
inflows into wallets attached to the ETFs are continuously happening. Last 
week saw a net inflow of 61,000 ETH, worth $157.3 million at the current 
exchange rate. With these inflows, the spot ETFs of the cryptocurrency have 
seen positive values for eight straight weeks. Since institutional investors 
generally take this investment route into Ethereum, the continuous inflows 
could be a sign of sustained demand from them. Despite this interest, the ETH 
price has remained locked in a phase of sideways movement. Ethereum isn&#8217;t the 
only asset that&#8217;s observing demand on the ETFs. As the on-chain analytics firm 
Santiment has pointed out in an X post, Bitcoin has also been enjoying net 
inflows. As displayed in the above chart, the Bitcoin ETFs have seen a 
positive netflow on 16 out of the last 17 trading days. The one exception was 
on July 1st, when outflows occurred. In some other news, Ethereum has observed 
new on-chain capital inflows during the past week, as Glassnode has revealed 
in another X post. In the graph, the data for the Realized Cap of coins aged 
less than 1 week is shown for Ethereum and Solana. The &#8220;Realized Cap&#8221; measures 
the amount of capital that the investors have put into a given network. The 
version of the metric of focus here specifically calculates the capital that 
has come in over the past week. Related Reading: Bitcoin In For Another 460% 
Run? This Rare Fiat Signal Just Returned From the chart, it&#8217;s visible that the 
metric has seen an increase for both ETH and SOL during the past week, 
indicating fresh capital has flowed in. The latter has outperformed the 
former, however, with the metric standing at $6.2 billion and $8.3 billion, 
respectively. ETH Price At the time of writing, Ethereum is floating around 
$2,580, up over 5% in the last week. Featured image from Dall-E, 
Glassnode.com, Santiment.net, chart from TradingView.com

Ethereum ETF Inflows Hit 8-Week Streak—Institutions Still Buying

With eyes on tokenized gold, the companies plan to merge and launch a gold- 
backed treasury business.