ETHUSD: The $3000 Question and Beyond

ETHUSD trades flat with positive bias.  It hits an intraday high of  $2524 and is currently trading around $2461.

On June 25, 2025, Ethereum experienced a remarkable surge in network activity, processing nearly 1.76 million transactions—its third-highest daily total on record. This represented an 18-month peak and reflected a rapid 42% increase over just a few days. The growth appears closely tied to heightened engagement with decentralized finance (DeFi) platforms such as Uniswap and Aave, a significant uptick in arbitrage trading, and a notable rise in active wallets, which soared from 1.23 million to 1.75 million.

Furthermore, the adoption of Layer 2 scaling solutions like Arbitrum and Optimism has contributed meaningfully to this robust network throughput, highlighting Ethereum’s capacity and adaptability in the face of growing demand. Importantly, this expansion in on-chain activity occurred independently of fluctuations in ETH’s price, suggesting that the network’s utility is being driven by actual use rather than speculative interest. Such developments point toward a maturing and fundamentally sound ecosystem, potentially positioning Ethereum for sustained relevance and continued growth.

Overall trend remains bullish  as long as support $2000 remains intact. Watch out for $2525, any break above targets $2600/$2661/$2715/$2770/$2880/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.

Immediate support is around $2300. Any violation below will drag the price down to $2000/$1750/$1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.

It is good to buy on dips around $2300 with SL around $2000 for a TP of $3000/$4000.