Deep Dive
1. Ether.fi Cash Growth (Bullish Impact)
Overview: Scroll’s partnership with Ether.fi Cash has driven $185M+ into its vaults, with $25M+ spent across 250k+ transactions (Scroll_ZKP). This positions Scroll as a practical Layer 2 for institutional crypto treasury management.
What this means: High on-chain activity validates Scroll’s use case beyond speculative trading. The integration reduces operational costs by 90% for companies like Moss Ethereum, which now uses Scroll for payroll and expenses. Sustained adoption could improve SCR’s demand-supply dynamics.
What to watch: Ether.fi’s quarterly report (expected October 2025) for updated Scroll transaction metrics.
2. Post-Upgrade Sentiment (Mixed Impact)
Overview: Major South Korean exchanges Upbit and Bithumb suspended SCR deposits/withdrawals on August 19 during Scroll’s network upgrade. Services resumed by late August, restoring liquidity access (CoinMarketCap).
What this means: While the upgrade initially caused friction, its completion reinforced Scroll’s credibility as a technically evolving Layer 2. However, SCR’s 24h trading volume remains low at $8.77M (-30.59% vs prior day), suggesting cautious trader positioning.
3. Technical Indicators (Neutral/Bullish)
Overview: SCR trades at $0.341, above its 7-day SMA ($0.339) but below the 30-day SMA ($0.359). The MACD histogram flipped positive (+0.000062), signaling weak bullish momentum.
What this means: The price faces immediate resistance at the pivot point ($0.3469). A breakout above this level could target the 23.6% Fibonacci retracement ($0.404), while failure may retest the 78.6% support ($0.338).
Conclusion
Scroll’s modest 24h gain reflects a blend of organic adoption (Ether.fi), post-upgrade stability, and altcoin market tailwinds. However, low volume and mixed technicals suggest the move lacks conviction.
Key watch: Can SCR hold above $0.34 if Bitcoin dominance (57.18%) continues to decline? Monitor the $0.346 pivot for directional clarity.