According to Crypto Rover, significant capital is pouring into Ethereum ($ETH) and Layer 2 (L2) solutions, indicating increased investor confidence and heightened trading activity in these segments of the crypto market (source: Crypto Rover, Twitter, June 8, 2025). This trend suggests that traders are positioning for potential price appreciation and network growth, making $ETH and leading L2 tokens like Arbitrum and Optimism key assets to watch for short-term volatility and long-term upside. The influx of funds into these assets is expected to drive higher liquidity and trading volumes across major crypto exchanges.

According to Lookonchain, two wallets that had been dormant for 949 days have reactivated, spending 12.37 million $DAI to purchase 7,738 $ETH at a price of $1,599 per ETH approximately seven hours ago. Notably, one of these wallets has already moved part of the purchased $ETH into TornadoCash, a privacy-focused cryptocurrency mixer. This activity could indicate strategic positioning in anticipation of future market movements or attempts to obscure transaction history.