$ETH Ethereum remains above the $2,500 level, showing stability after recent price fluctuations. Despite recent outflows from ETH-based ETF funds, which may indicate caution among institutional investors, the market remains active.

The recent price increases of ETH are partly attributed to positive news, such as BlackRock's purchase of Ethereum worth $8.4 million, which may signal growing interest from major market players.

Currently, ETH is in a consolidation phase, with key support around $2,560–$2,570. Breaking this level could pave the way for further increases towards $2,710–$2,745.

It is worth monitoring the developments, especially in the context of institutional activity and the overall sentiment in the cryptocurrency market.