Ethereum has been struggling to surpass the $2,000 resistance level, while Bitcoin has seen an increase of 11.94% in June. Despite efforts to break through the $1,900 resistance level, Ethereum has experienced a decline in activity and a drop in the value of NFT collections. However, the demand for liquid staking derivatives (LSD) such as Lido's stETH is rising, with more ETH being moved towards staking than selling on exchanges. This provides a safety net for any potential downside and suggests that the price of Ethereum is likely to establish bullish support.