⚔️ Ethereum Battles Key Resistance — Will Rising Inflows Tip the Balance?

After the Trump-Musk conflict, Ethereum exchange net inflows exceeded 117K ETH.

Investors made almost $600 million in two days under mounting macroeconomic pressure.

Ethereum is challenging the bottom border of a significant rising wedge after finding support at $2,400.

After the Trump-Musk conflict, speculators sold 117,000 ETH across crypto exchanges, pushing Ethereum (ETH) below $2,500 on Friday.

Macroeconomic uncertainty boosts Ethereum exchange inflows.
After US President Donald Trump and Tesla CEO Elon Musk spat over the "big beautiful bill," Ethereum lost almost 7% of its value on Thursday. Crypto exchanges witnessed net inflows of 117,000 ETH, the second-highest since April 24. Increased exchange inflows indicate selling pressure on the leading altcoin.

According to Santiment statistics, investors made over $600 million in the previous two days due to selling pressure, mostly from 90-day and 2-year coins.

Ethereum exchange-traded funds (ETFs) continued their positive flow run on Thursday, although with a tiny net inflow of $11.26 million reflecting unfavorable market conditions.

Macroeconomic uncertainty still plagues the bitcoin market, as the 10-year Treasury yield jumped over 4.5% on Friday. The US added 139,000 jobs in May, keeping the unemployment rate at 4.2%.

Friday saw $46.74 million in Ethereum futures liquidations, according to Coinglass. Long liquidations total $25.06 million and short liquidations $21.68 million.

ETH fell almost 7% on Thursday and fell below the rising wedge's bottom barrier. It rebounded off $2,400 and is climbing again to challenge the wedge's bottom border and $2,530 critical mark. A refusal here might push ETH back to $2,400. ETH might fall to $2,260–2,110 if $2,400 support fails.

If it breaks the wedge's bottom boundary barrier, ETH might retest $2,750–2,850, the crucial resistance zone.

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