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List of Flash News about Robinhood L2

Time Details
2025-06-30
19:35
Ethereum (ETH) Price Analysis: $2.9B Institutional Inflows and Robinhood L2 Integration Fuel 'Digital Oil' Thesis

According to @CryptoMichNL, Ethereum (ETH) is showing strong bullish signals driven by significant institutional demand and key ecosystem developments. CoinShares data reveals nearly $2.9 billion in year-to-date inflows into Ether investment products, a trend supported by a shrinking supply on exchanges as over 35 million ETH (28% of total supply) is now staked. Further bolstering long-term confidence, Robinhood announced it is developing its own Layer-2 network on Ethereum using Arbitrum's infrastructure. A report from Etherealize, backed by key ecosystem leaders, argues that ETH is the foundational 'digital oil' for a new global financial system, noting it already supports over 80% of tokenized assets. From a technical standpoint, ETH is testing resistance near $2,523-$2,554 after finding strong support around the $2,438-$2,500 level, with high-volume buying suggesting renewed momentum despite a brief period of ETF outflows.

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