NEAR Protocol experienced a notable price increase of 7.6% from July 1 to 2, 2025, reaching a peak of $2.18 during a period of high trading volume. This surge followed the announcement by Bitwise of a new NEAR Staking exchange-traded product (ETP) on Deutsche Börse Xetra, designed to provide European investors with regulated access and integrated staking benefits in the NEAR blockchain ecosystem. The price dynamics showed a bullish reversal, with supporting trading volumes significantly exceeding the 24-hour average, demonstrating strong buying momentum. Key support and resistance levels were identified at $2.02 and $2.17, respectively, with price consolidation above $2.11 indicating a potential for further upward movement. A significant price spike noted in the last hour illustrated volatility and a new resistance level at $2.15, while sustaining support at $2.13. The closing price of $2.14 at the end of the hour reflected a gain despite minor corrections in between, highlighting the market's overall bullish sentiment toward NEAR following the new ETP launch.

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