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Ether approaches $2,000 as Bitmine buys ETH and Robinhood's layer-2 lifts demand

7/8/2026

Ether ($ETH), the native token of the Ethereum blockchain, is trading toward $2,000.

A layer-2 network, one of the three forces behind the move, is a transaction system built on top of a blockchain that processes activity faster and at lower cost than the base chain.

Bitmine has been buying ETH as a treasury asset, Robinhood is backing one such layer-2, and a long-anticipated Ethereum protocol upgrade is giving traders an additional reason to hold.

Bitmine and the corporate treasury argument Bitmine has been purchasing ETH for its balance sheet.