Ethereum Price Prediction: L2 Ecosystems Lose Their TVL as Robinhood Chain Activity Drops

Ethereum is trading at $1,920, but while price action remains relatively calm, the underlying picture looks more complicated for its prediction.

Total value locked across Ethereum Layer 2 networks has slipped to roughly $5 billion, wiping out much of the 2024 expansion and returning to levels last seen in 2023.

If L2s were meant to drive Ethereum’s next growth phase, that slowdown raises fresh questions.The Robinhood Chain story captures that tension. The Arbitrum-based Layer 2 bridged roughly $141 million in ETH during its first two weeks.

It also briefly overtook Ethereum L1 and Base in 24-hour DEX volume, reaching about $877.6 million.