Ethereum (ETH) is showing strength with a 6% gain in the last 24 hours, reaching $2,600, alongside a significant increase in daily trading volumes.
Key bullish signs include over $1.17 billion in June spot ETF inflows, $888 million stablecoin growth on Ethereum in a week, shrinking exchange reserves, and large holders accumulating ETH at a rapid pace.
Ethereum's price has rebounded with a 36.5% gain in Q2 after a major Q1 crash. The current bullish sentiment is supported by factors like stablecoin growth, rising institutional interest, decreasing exchange reserves, and increased whale activity.
With rising ETF inflows, growing stablecoin market cap, decreasing exchange reserves, and significant whale accumulation, Ethereum appears poised for a major breakout if it surpasses the $2,600 resistance.