Ethereum Price Prediction – ETH Could Rebound to $2400 as Selling Volumes Dry Up

ETH still has a higher potentialHighlights:

• Ethereum has lost multi-week support, but bulls are regaining control
• Bullish recovery driven by the changing nature of Ethereum holders
• Ethereum speculators are increasingly being replaced by long-term investors seeking yield 

Ethereum (ETH), like Bitcoin, has had a volatile 48 hours following the escalation of hostilities in the Middle East. When going to press, Ethereum was trading at $2250.25, down by 1% in the day. Interestingly, there is little to no change in Ethereum trading volumes in the day. 

This could indicate that ETH traders are not trading their holdings despite everything happening in the macro environment. It is a bullish indicator for Ethereum, especially when the cryptocurrency market is under so much pressure. There are a couple of factors driving the bullish sentiment around Ethereum.

ETH Active Addresses on the Rise – A Bullish Signal for Ether

One of them is that Ethereum’s number of active addresses is rising. This points to confidence among investors that Ethereum is the altcoin to watch, which is on the rise. The growth in Ethereum active addresses could be driven by the fact that altcoins have become increasingly volatile, and this is unlikely to change given the ongoing macro uncertainty.

🥧 ATH: Over 20 Million Addresses Interacted with the Ethereum Ecosystem Last Week!

🔹 Ethereum Mainnet: 1,858,792 (9.19%)
🔸 Cross-Layer: 242,523 (1.2%)
🔹 Single Layer 2: 17,699,378 (87.55%)
🔸 Multiple Layer 2s: 415,191 (2.05%)

The pie is growing 🔁 pic.twitter.com/XVkImGXf44

— growthepie 🥧📏 (@growthepie_eth) June 23, 2025

Despite underperforming throughout this cycle, ETH still has a higher potential for holding on to its value relative to other altcoins in the event of a full-blown bear market. This makes Ethereum attractive to investors who seek exposure to the cryptocurrency market without the risk of deep 80 – 90% corrections that usually characterize most altcoins. 

Ethereum L2s Growing In Adoption – Signal to Long-Term Growth

Besides the rising number of addresses, Ethereum is also gaining in actual use. This is evident in the fact that Ethereum L2s are now growing at a rate that outpaces other networks. The growing adoption of Ethereum is also boosted by the fact that Ethereum TVL is on the rise and now outpaces most other networks. This could see ETH’s price remain stable amidst all the ongoing geopolitical chaos.

L2BEAT Recategorization is live🚨

136 L2 projects were reevaluated:
➡️ 50 rollups -> only 25 left
➡️ 70 Validium & Optimium -> only 2 left
➡️ Rest were moved to the "Others" section & have 6 months to meet the new requirements

Ethereum L2s are hitting puberty pic.twitter.com/AEBiD47jWO

— Uttam (@uttam_singhk) June 19, 2025

Ethereum’s rising TVL also hints at its growing adoption in DeFi. This is coming at a time when the US is giving a green light for DeFi. The head of the SEC, Paul Atkins, recently stated that they would create DeFi exemptions. This is expected to trigger an increase in DeFi projects in the market. With Ethereum already the dominant network in this space, the odds are high that it will take the lion’s share of this market. This puts it in a strong position for growth going into the future.

SEC Chair Paul Atkins announces that DeFi platforms will be exempt from regulatory restrictions.

He’s also stated that “The right to have self custody of one's private property is a foundational American value that should not disappear when one logs on to the internet.” pic.twitter.com/dN7bSyRea2

— Adrian Dittmann (@AdrianDittmann) June 9, 2025

Nature of Ethereum Investors Changing to Long-Only Buyers

Ethereum is also attractive despite the ongoing geopolitical issues because it is increasingly in the hands of long-term investors. Like Bitcoin, the nature of Ethereum investors is changing. Institutions are now the biggest buyers of ETH. These institutions are not buying Ethereum for short-term price speculation; they are holding it long term, to take advantage of its yield through staking. This is evident in that more than 35 million Ethereum is now staked and rising. The rise of institutions as the primary investor in Ethereum could see the price hold steady amid rising uncertainty and drive FOMO in Ethereum.

GM!

Staked $ETH hits a new ALL-TIME HIGH: 35M ETH locked 🔐🔥

Over 28.3% of total supply is now staked — reducing liquid supply massively.

Meanwhile, Nasdaq-listed giants are quietly stacking crypto on their balance sheets. pic.twitter.com/FhU3fG0K0h

— MANDO CT 🇦🇪 🇬🇧 (@XMaximist) June 21, 2025

Technical Analysis – ETH Breaks Downwards From Multi-Week Consolidation

After holding between the $2814.0 resistance and $2404.5 support for weeks, Ethereum has today broken downwards. With the loss of $2404.5 support, an increase in selling volumes could cause Ethereum to drop to $1538.1 support. 

However, if the price rebounds based on Ethereum core fundamentals, the odds are that it could consolidate around the $2404.5 price level. There would need to be a return of bullish momentum across the market for ETH to rally through $2814.0 and hit $3000 in the short term.