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Ethereum holds near $1,615 as ETF inflows return and staking hits record 33%

Market News
02 Jul 2026
Crypto news
View Source
Bullish
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Ethereum traded near $1,615 on July 2 with buyers defending support amid renewed positive ETF inflows, including a $36.6 million single-day inflow to BlackRock's ETHA. Despite recent sideways price action near $1,580-$1,650, analysts watch the $1,700-$1,800 range for stronger recovery confirmation. On-chain data shows staking rates have reached a record 33%, indicating long-term holders are locking more ETH, which reduces liquid supply and could support price if demand returns. Institutional buyers continue accumulating ETH, but short-term price recovery depends on sustained ETF demand and broader market conditions.

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