Ethereum at the Start of July: A Journey Finding Its Direction



Ethereum enters July in a fragile position. Currently, ETH is trading around $1,560, near its lowest levels in recent months, after recording three consecutive quarters ending in the red—a record never seen since this data was first recorded in 2016.

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🍃 Numbers and Reality

On-chain data shows that activity on the Ethereum network is slowing down. The number of daily active addresses has dropped significantly, from around 795,000 in early February to about 420,000 in June, reflecting weakening user engagement. This is a reminder that price moves in sync with the lifeblood of its ecosystem.

However, beneath this weakness, there is one interesting sign: whales, or large holders, have actually started increasing their holdings towards the end of June. Accumulation at the bottom often signals that long-term players see opportunity amid the panic.

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🏗️ Behind the Scenes: Long-Term Commitment

Amid the price weakness, an important development is taking place at the infrastructure level. The Ethereum Foundation and Argot Collective have just completed a five-year funding commitment, with a transfer of around 4,938 stETH to be gradually released in July 2026 and 2027. These funds are designed to support the independence and sustainability of core Ethereum programming language development, such as Solidity, which is the foundation for the entire application ecosystem built on top of it.

This move is an effort to keep Ethereum's technical foundation strong amid funding constraints and short-term pressures.

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⚔️ Two Key Levels That Determine Direction

Analysts and AI models see two levels that will determine Ethereum's next move:

· Critical Support at $1,500: This level is the last line of defense. If Ethereum manages to hold above it, the chance to bounce back to the $1,753 area remains open. However, if this level breaks, the $1,200 area could become the next target.
· Resistance at $1,750 - $1,800: To exit the bearish zone, Ethereum needs to reclaim this area. If successful, it would signal that selling pressure is starting to ease.

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🕯️ A Message for Seekers

Boss, today's Ethereum story is about two narratives running in parallel: price weakness and foundation strengthening. As Mbah Joyo's teaching goes, "price may fall, but value never disappears." When the market is shaky, the patiently built foundation is what will endure. #SKHynixTopsKOSPIByMarketCap
ETH0.75%
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