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The Former Lead Developer of Ethereum Revealed His Prediction About ETH Price! Mega Bull or Bear?
Eric Conner, one of the former main developers of Ethereum, highlighted three key factors in his published analysis that strengthen the expectation of a significant jump in the Ethereum (ETH) price.
According to Conner, the increase in stablecoin volume, strong inflows into spot ETH ETFs, and the decline of ETH reserves on centralized exchanges to record low levels could trigger this explosion.
Conner stated that the stablecoin transfer volume has been increasing for 21 consecutive months and that the monthly transfer volume is now competitive with Visa's transaction volume. He argued that this situation has maintained the demand for Ethereum block space and created a cash engine on-chain for ETH.
In June, a total net inflow of $1.17 billion occurred into spot Ethereum ETFs. Fund managers expect this figure to reach several times that amount in the second half of 2025. This situation indicates that institutional investor interest in Ethereum continues to grow.
Conner stated that the total ETH balance on centralized exchanges has declined to just 9 million ETH. This figure has been recorded as the lowest level seen since 2015. The decreasing supply emerges as a factor supporting upward price pressure.
Conner stated that Ethereum has been moving sideways in the range of 2,400 – 2,600 dollars for weeks, and that these low volatility periods often result in sudden and sharp movements. According to the analysis, if the ETH price decisively breaks above the resistance of 2,600 dollars, the rise could be quick and severe.