Eric Conner, one of Ethereum’s former core developers, highlighted three key factors in his published analysis that bolsters expectations for major jumps in Ethereum (ETH) prices.
According to Conner, a surge in volume in Stablecoin, a strong inflow into Spot ETH ETFs, and ETH reservations for centralized exchanges that fall into record-breaking can cause this explosion.
Conner noted that Stablecoin’s transfer volume has increased for the 21st consecutive month, with monthly transfer volume comparable to Visa’s trading volume. He argued that this is driving sustained demand for Ethereum block space and creating an on-chain cash engine for ETH.
In June, the total net inflow to Spot Ethereum ETFS was $1.17 billion. Fund managers hope that this figure will grow several times in the second half of 2025. This shows that institutional interest in Ethereum continues to grow.
Connor said the total ETH balance of centralized exchanges has decreased to just 9 million ETH. This figure was recorded as the lowest level since 2015. Decreasing supply stands out as a factor supporting rising price pressure.
Connor said Ethereum is trading sideways in the $2,400-$2,600 weeks, but said these low volatility periods usually lead to sudden, sharp movements. Analysis shows that if ETH prices decisively break the $2,600 resistance, the rise could be fast and violent.
*This is not investment advice.