#ETH

Price Aspect

- Real-time Price: According to Binance's latest data, ETH is currently priced around $2,527.77, with a slight decline of 1.46% over the past 24 hours. Previously, Ethereum surged over 40% from a low of around $1,800 since early May, but has recently experienced some pullback during the upward trend.

- Technical Indicators: The current RSI index for ETH is 45.71, in a neutral zone, indicating still some room for upward movement, but the daily RSI is at 74.34, showing it is in an overbought pullback; the MACD indicator is -13.87, presenting a sell signal in the short term, with the price continuously breaking below the short-term EMA moving average, indicating potential further adjustments may be needed in the short term.

Capital Flow Aspect

According to Lookonchain data, on May 15, there was a net inflow of 27,202 ETH into US Ethereum ETFs, following a total net inflow of $63.4699 million into Ethereum spot ETFs on May 14, with no net outflows from the nine ETFs. Among them, BlackRock's ETHE had the highest net inflow of $57.6085 million, showing that institutional investors' interest in Ethereum is increasing.

Market Trend Aspect

Bitcoin's dominance has decreased from about 65% to 62%, indicating that funds are starting to shift from Bitcoin to altcoins, suggesting the market may enter the “altcoin season.” As one of the important altcoins, Ethereum is expected to benefit from this inflow of funds. Additionally, the total locked value (TVL) in DeFi on Ethereum shows signs of recovery, with reduced transaction costs and increased activity providing fundamental support for ETH's price.

Potential Risk Aspect

The daily RSI for Ethereum has reached 74.34, in a clearly overbought area, facing pullback risks in the short term. Investors should be prepared for the price potentially retracting to the $2,300 - $2,400 range. If downward pressure continues and the price falls below $2,500, the next potential support may occur in the critical range of $2,250 - $2,100.

Overall, after a short-term adjustment, Ethereum is expected to continue its upward trend, with the next target looking towards the $3,000 mark, but investors need to pay attention to controlling short-term pullback risks. $ETH