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Ether price charts reflect weakness, but inflow to LSDFi could prevent an ETH sell-off

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Ether has been on a downward trend, with the $2,000 level forming a crucial resistance level in recent months.

While Bitcoin (BTC) recorded 11.94% gains, moving past $30,000 in June after BlackRock filed an application for an exchange-traded fund with the Securities and Exchange Commission in the United States, the upside in Ether (ETH) stayed around 3.16%.

In the first week of July, buyers attempted to move the price past crucial resistance at around $1,900. However, a failed breakout exposed the price to further correction.

The Ethereum network also witnessed a decline in activity, evident in the one-year-low levels in total transaction fees. The price of leading nonfungible token (NFT) collections on Ethereum plummeted, while decentralized finance (DeFi) activity stalled due to low yields.

The 7-day moving average of total transaction fees paid on Ethereum. Source: Glassnode

However, the downside may be limited, as the demand for liquid staking derivatives (LSDs) like Lido’s stETH continues to grow, rising faster than investors are moving to sell.

LSD activity is on the rise

While the primary use cases on Ethereum of NFT trading and DeFi activity suffered a downturn in June, the LSD narrative continued to grow.

On-chain analytics firm Glassnode wrote in its latest report that deposits to the staking contract have “been higher, or equal in scale to exchange inflows since Shanghai went live,” suggesting that more ETH is being moved toward staking than selling on exchanges.

Ethereum exchange inflows (pink) versus staking deposits (blue). Source: Glassnode

The total ETH deposited in staking contracts is 19.7% compared to the centralized exchange balance of around 12.8%. LSD platforms captured most of the inflow, followed by independent validators and staking-as-a-service clients.

Ether staking deposits increased significantly after the Shanghai upgrade in April, as confidence increased with active redemptions. Among LSD platforms, Lido led the sector, followed by Rocket Pool and Frax.

The weekly inflows of ETH staking deposits by category. Source: Dune

Glassnode’s report also suggested that the network has “yet to see an appreciable influx of new holders,” as the number of new addresses holding Lido’s stETH has been “more or less unchanged” year-to-date.

Currently, 20% of Ether’s total supply is staked with validators compared to over 40% for most other proof-of-stake blockchains like Solana (SOL), Cosmos (ATOM) and Avalanche (AVAX), indicating room for growth.

With annual DeFi yields hovering around 1-3% for ETH on Aave and Yearn.finance and between 3-5% for stablecoins, LSD derivatives offer a base rate of 4% with an opportunity to earn additional yields by using their liquidity in DeFi applications.

Glassnode’s report said that LSD derivatives “have seen increased activity within different DeFi protocols, with Lido’s stETH being the most significant.”

Additionally, LSD tokenholders are also exhibiting a shift from providing liquidity on DEXs like Curve and Balancer to chasing higher yields on lending protocols like Compound and Aave. Glassnode’s analysts wrote, “This leveraged staking position is estimated to amplify yield by 3x.”

The LSD sector appears to be the current hotspot for DeFi players looking to maximize their yield.

Related: Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows

Ether price analysis

ETH recorded a positive breakout from a bullish ascending channel pattern with a target of $3,000 earlier this week. However, the trend reversed quickly, as Bitcoin dropped to $30,000 after expectations of a rate hike by the U.S. Federal Reserve rose and sellers gained an upper hand.

Technically, the price can take two paths from here: find support at the base of the ascending triangle around $1,790 before making a break for the $1,900 resistance level again, or a continued drop toward the long-term resistance and support level of $1,700.

A breakdown below $1,700 would give sellers a chance to target the 200-day weekly moving average at around $1,575.

ETH/USD daily price chart. Source: TradingView

The ETH/BTC pair also shows that Ether has room for more downside toward the 200-day moving average at 0.0574 BTC and the long-term resistance and support level at 0.0538 BTC.

ETH/BTC weekly price chart. Source: TradingView

Ether had a failed positive breakout in early July, exposing the price to further downside to around $1,700. However, a surge in the LSD narrative with higher yields than the DeFi sector is providing a cushion for any future downside, suggesting that the price will likely establish bullish support.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Cryptocurrency

Gate Launches xStocks Trading Section, Bridging Crypto Finance and Global Capital Markets

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[PRESS RELEASE – Panama City, Panama, July 3rd, 2025]

In July 2025, Gate, a global leading digital asset trading platform, officially launched its xStocks trading section, covering both spot and futures markets. The initial listings include 8 popular tokenized stocks, such as COINX, NVDAX, CRCLX, AAPLX, METAX, HOODX, TSLAX, and GOOGLX, enabling global users to trade tokenized stocks directly with crypto assets like USDT. Gate Alpha has also rolled out support for xStocks, listing MSTRx, CRCLx, SPYx, NVDAx, TSLAx, and AAPLx, further expanding users’ access to on-chain assets and strategic trading options.

This initiative not only diversifies investment channels for crypto users but also marks a new phase in the convergence of crypto finance and traditional markets. Gate is now the first platform to launch a futures market for tokenized stocks, establishing a fully closed-loop trading infrastructure at the intersection of digital and traditional finance.

Removing Barriers: Connecting Global Users to Wall Street

Gate’s xStocks trading section adopts a compliant, asset-backed tokenization model. All tokens are fully collateralized and represent publicly traded U.S. stocks. These tokens are freely transferable and compatible across multiple blockchains and ecosystems.

Unlike traditional brokers that require regional accounts, complex KYC, and fiat settlement, Gate’s tokenized stocks services are globally accessible and require no KYC, allowing users to invest using USDT and other crypto assets. This borderless trading model significantly lowers entry barriers for global participants, offering a seamless path for cross-border capital movement and global portfolio allocation.

The platform also supports 24/7 trading, fractional investment, and on-chain liquidity, breaking down traditional time and regulatory constraints, and delivering a highly flexible, decentralized investment experience that links TradFi and DeFi.

World-First Futures Market for Tokenized Stocks, Redefining Derivatives Boundaries

As the first platform globally to launch the futures market for tokenized stocks, Gate enables users to apply leverage and execute two-way strategies on U.S. stocks, all under a USDT pricing system, empowering more dynamic risk and return management.

The trading infrastructure has been fully optimized for this launch, with upgrades to matching engines, pricing models, and risk control systems. Tailored to the liquidity profiles of U.S. stocks and the behavioral patterns of crypto-native traders, the system delivers high responsiveness, strong compatibility, and robust user experience across both spot and futures markets.

A Strategic Leap Toward the Next-Generation Crypto Exchange

Gate’s expansion into tokenized stocks represents a key milestone in its long-term strategy of bridging traditional and future finance. By building crypto-native infrastructure for traditional assets, Gate is redefining how users access and interact with global capital markets.

Dr. Han, Founder and CEO of Gate, stated: “Our mission isn’t just to add a new asset class, but to transform the relationship between users and assets. We aim to create a truly global, borderless investment platform that empowers everyone to access financial opportunities worldwide.”

In 2025, Gate completed a major brand upgrade and transitioned to the unified domain Gate.com, marking a new chapter in its global strategy. The platform currently ranks Top 2 globally in spot trading volume, with continued strength in derivatives, liquidity depth, and user activity, reinforcing its position as a leader in global crypto financial infrastructure.

As the digital transformation of global finance accelerates, Gate’s launch of tokenized stocks offers a model for the industry and demonstrates a pioneering approach to integrating decentralized infrastructure with traditional capital markets, propelling the platform toward its vision as the next-generation crypto exchange.

About Gate

Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 30 million users with 3,600+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter.

For more information, users can visit: Website | X | Telegram | LinkedIn | Instagram | YouTube

Disclaimer:

This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, users can read the User Agreement via https://www.gate.com/user-agreement.

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Bitcoin Price Shoots Toward $110K while Fartcoin and BONK Lead Meme Coin Gains: Market Watch

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Bitcoin’s price is starting to heat up again, pushing towards the important $110,000 level and recording an increase of around 1.6% in the past 24 hours. This comes amid an even more impressive rally from certain meme coins such as Fartcoin and Bonk.

The total crypto market capitalization added around $50 billion during the day and is inching closer to $3.5 trillion. All of this happens as important regulatory changes are likely to take effect in the United States.

Bitcoin Price En Route to New All-Time Highs

At the time of this writing, BTC trades at around $109,500 which is around 2% below its all-time high achieved on May 22nd – about a month a go. And while we’re on the topic of statistics – the all-time low recorded on CoinGecko took place on July 6th 12 years ago. Since then, the cryptocurrency has returned the staggering 161,270% increase.

Anyways, back to the day-to-day news. BTC looks eager to take on its former highs and this is happening as the “One Big, Beautiful Bill” proposed by Donald Trump’s administration passed both Senate and the House votes in the past 24 hours.

It doesn’t include any direct crypto regulations, but it does intend to alleviate taxes on retail users and also introduce (or re-introduce, to be more precise) the so-called 100% bonus depreciation rule, which will allow Bitcoin mining companies to write off their equipment immediately, potentially allowing them to ramp up operations and increase the network’s hash rate, which has historically been bullish for the price.

BTCUSD_2025-07-03_11-59-05
Source: TradingView

In other BTC-related news, the BlackRock IBIT ETF, which tracks Bitcoin’s price, is now generating more fees than their legendary S&P 500 fund – a clear indication of the pent up demand and the fact that investors are willing to pay premium fees for exposure.

Fartcoin, Bonk Lead Meme Coin Gains

As you can see in the heatmap below, it’s a sea of green in the altcoins market today. Most of them are charting notable increases. Even the large-caps are up a lot – ETH gains 5.8%, DOGE – 7.7%, ADA – 8.5%, HYPE – 5.5%, SUI – 11.6%, and so forth.

But the most impressive gains for the day come from two of the more polarizing meme coins – Fartcoin and Bonk. The latter is today’s best performer, gaining about 20%, while the latter is up by 17%. Right behind them is Celestia (TIA), which gained 16%.

It’s one of those days where the worst-performing cryptocurrencies are stablecoins (ironically, of course), with just Fasttoken (FTN) and Bitcoin Cash (BCH) struggling to gain and trade flat.

crypto_heatmap_03072025
Source: Quantify Crypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Watch These 3 Ripple (XRP) Price Predictions in July

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TL;DR

  • Analysts see potential for further gains for XRP, with targets ranging from $2.80 to over $3.50 – while some even speculate on a parabolic rally similar to 2017.
  • Despite the bullish outlook, XRP’s Relative Strength Index (RSI) nears 70, signaling potential overbought conditions and raising the chance of a short-term correction before any continued breakout.

What’s Next for XRP?

XRP has followed the overall resurgence of the cryptocurrency market in the last 24 hours, soaring to almost $2.30. Another factor that may have positively impacted its recent price performance is Ripple’s application for a license with the US national bank regulator, the Office of the Comptroller of the Currency (OCC).

According to multiple analysts, its ascent has yet to reach new dimensions. The X user CRYPTOWZRD noted that XRP closed the day “bullish,” setting $2.80 as the next resistance target. 

“The intraday chart was highly volatile and bullish. It is now testing the $2.2550 resistance target. A successful breakout and a close above this level will offer the next long opportunity,” the trader added. 

World of Charts believes an XRP breakout and retest has already been confirmed. The analyst expects a move towards $3 in the coming days, followed by a pump beyond $3.50 sometime this month.

The X user Maxi is even more optimistic. The crypto enthusiast believes XRP could replicate its performance in 2017 when it experienced a staggering 1,200% surge in a matter of days. Nowadays, a spike of that magnitude would drive the token’s valuation to a new all-time high of $30. 

At the moment, such a rally seems quite unrealistic, considering that XRP’s market cap needs to skyrocket above $1.6 trillion. Currently, Bitcoin (BTC) is the only cryptocurrency whose capitalization exceeds that mark, while Ethereum (ETH) is far below with $313 billion.

Observing Some Indicators

Despite the bullish predictions, there are some red flags popping up suggesting the asset could head in the opposite direction in the short term.

The Relative Strength Index, which measures the speed and magnitude of recent price changes, has climbed to almost 70. Such readings generally mean that the valuation has increased too rapidly over a short period of time, signaling that it might be time for a correction.

XRP RSI
XRP RSI, Source: CryptoWaves

If you’re curious about more indicators that could hint at XRP’s next move, check out our in-depth article here.

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