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Ethereum rises 12% since July 1, boosted by weak US jobs data and renewed institutional inflows.

Market News
06 Jul 2026
Crypto news
View Source
Bullish
pluang ai news

Ethereum's price has increased about 12% since July 1, driven by weaker-than-expected US employment data that lowered expectations for Federal Reserve rate hikes. Institutional interest returned, with spot Ethereum ETFs seeing $29.1 million in net inflows led by BlackRock's ETHA, ending an eight-week outflow streak. Technical resistance near $1,800 is key, with bulls defending $1,750 support; a breakout above $1,800 could trigger further gains. Network upgrades and institutional adoption efforts also support positive sentiment, but risks remain if support levels fail amid potential shifts in US monetary policy.

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