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Ethereum price remains above $1750 after a 12% rebound.

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CoinWorld News: The price of Ethereum has risen about 12% since July 1 and is currently holding above $1,750. The U.S. Bureau of Labor Statistics reported that non-farm payrolls increased by only 57,000 in June, far below the expected 115,000, which led to a sharp drop in market expectations for further tightening by the Federal Reserve and drove a rebound in risk assets. Ethereum’s fundamentals have also been strengthened in the macro backdrop: on July 1, the Ethereum institutional project was launched, backed by ecosystem leaders including co-founder Joe Lubin, with the goal of accelerating institutional adoption. On July 2, the U.S. spot Ethereum ETF ended eight consecutive weeks of net outflows, attracting $29.1 million in new capital, mainly led by BlackRock’s ETHE. On July 4, Vitalik Buterin released an updated “Simplified Ethereum” roadmap, proposing upgrades aimed at simplifying the protocol and improving scalability. Ethereum faces strong resistance at $1,800; if it breaks through this level, it could rise further to $1,858.
ETH0.64%
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ElevatorMeme
· 4h ago
The 1800 resistance level is being repeatedly tested, the 1858 target looks close, but don't chase highs.
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MintLaterMaybe
· 6h ago
ETH is up around 12% this round in a pretty solid way—institutions have stepped in, and ETF inflows are coming back; if 1800 breaks, that would be great.
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StonesUnderTheAurora
· 6h ago
Non-farm payroll data being weak is actually good for risk assets; this logic always holds in the crypto world😂
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GateUser-2eca626f
· 6h ago
Lubin and BlackRock have stacked their double Buffs to the max—once that streamlined roadmap gets announced again, aren’t the bears going to be panicking?
View OriginalReply0

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