๐ฅ Ethereum($ETH ) Bounce Back: Whales, ETFs, & Bullish Signals ๐๐
Ethereum (ETH) is bouncing back strong! ๐ Despite a 2.6% dip today, ETH trades at $2,578 and is up an impressive 46% in May โ marking its first green month of 2025!
Hereโs whatโs fueling the fire:
๐ Whales Are Back in Action:
Big players are stacking up ETH! In May, addresses holding 10Kโ100K ETH added a massive 1.12 million ETH โ the largest monthly whale accumulation since July 2022!
๐ธ ETF Inflows Surge:
US spot Ethereum ETFs are seeing strong demand with $493.94 million in net inflows this month. ๐ Thursday marked the 9th straight day of positive flows, adding $91.93 million โ bullish momentum in action!
๐ Futures Market on Fire:
ETH Open Interest spiked 43% in May, growing from $12.18B to $17.53B. Shorts are outweighing longs on Binance, suggesting traders are either hedging or expecting a dip.
๐ฆ Spot Market Accumulation:
Ethereum exchange flows flipped back to net outflows of ~114,000 ETH on Friday, ending a 3-day inflow streak โ a sign that spot buyers are stepping up before the weekend!
๐ Key Technicals:
ETH is challenging its 14-day EMA-supported ascending triangle โ a crucial level for bulls to defend.
Summary:
Ethereumโs May rally is fueled by whale accumulation ๐ณ, ETF flows ๐ผ, and market optimism ๐ซ. While shorts are building up, the underlying trend looks solid as long as key support holds.
Let me know if youโd like a trade idea based on this data! ๐๐
