🚀 Why–What–Impact

Ethereum tagged $2 610 during Asian hours on 4 Jul, capping a +9.4 % week driven by the live six-second-slot dev-net and the first five-day streak of ETF inflows since May. Open interest on CME hit a YTD high, signalling real institutional fuel under the hood.

🔥 Catalysts Driving the Pop

  • Dev-net success: EIP-7782 test-net launched 1 Jul; uncle-rate < 7 % boosts odds the six-second fork ships in Glamsterdam.

  • ETF demand returns: U.S. spot funds added 23 600 ETH this week after prior outflows.

  • Stable-coin clarity: GENIUS Act lifts USDC cap to 15-month high; 63 % of supply lives on ETH & roll-ups.

📈 On-Chain & Derivatives Pulse

  • Active addresses at 452 k (+18 % MoM).

  • 46.7 M ETH staked (39 % supply); exchange reserves fall to five-year low at 18.3 M.

  • Funding on Binance/Bybit touches +0.019 %; CME OI hits $1.63 B YTD record.

🛠️ Key Technical Levels

  • Support: $2 540 – June pivot; three intraday rejections.

  • Resistance: $2 700 — March rejection + 1.618 Fib; break targets $2 780.

  • RSI 12-h at 61, MACD widening since 30 Jun.

🌍 Macro Backdrop

  • Weak U.S. jobless claims sink DXY; Fed-funds now price 63 % chance of Sep cut.

  • Strait-of-Hormuz risk fades, unwinding Monday’s safe-haven flows.

🧭 Near-Term Scenarios (DYOR)

  • Bull: Dev-net stable + ETF bid → daily close > $2 700, test $2 780 mid-July.

  • Range: Hold $2 540–2 700 until next CPI.

  • Bear: Macro shock sends ETH < $2 500, eyes $2 390 200-day EMA.

Dips near $2 540 look buyable while exchange balances bleed and on-chain use creeps higher. Watch dev-net uncle-rates, ETF flow, and next week’s CPI—those will decide if $2 700 is a ceiling or a stepping-stone.


👉 Tap $ETH if you think the latency fork and ETF flow can punch through $2 700.

💬 Launch to $2 780 or fade back to $2 500? Sound off & Follow for live metrics!

#Ethereum #EIP7782 #CryptoETF #MacroWatch #WriteToEarn

Disclaimer: Includes third-party opinions. No financial advice.