📊 Ethereum (ETH) Market Overview –
Current Price: ~$2,520 USD
24h Change: +0.93%
24h Range: $2,460 – $2,532 USD
Market Cap: ~ $307 billion
Volume: ~ $14.9 billion
Support: $2,460–$2,470
Resistance: $2,520–$2,530
Key Technical Move
Ethereum recently bounced 3% off the $2,460 support zone, peaking near $2,532 before consolidating above $2,500 .
🔍 Drivers Behind Today's Move
ETF Inflows: BlackRock’s ETHA ETF netted $492 million last week, showing strong institutional demand .
Trading Signal: Traders confirm momentum as volume surged during the bounce from support .
On-Chain Growth: Active ETH addresses are up ~12% over the past week, signalling broader network strength .
📈 Chart Insights & Strategy
Chart Pattern: Price recovered within a symmetrical triangle; breakout above $2,520–$2,530 could trigger a quick rally .
Hourly & Daily Indicators: Higher lows around $2,485 suggest bullish traction; MACD turning positive is a good sign .
🔮 What’s Next?
Bull Scenario: A clear close above $2,530 could open the path to $2,600, and institutional tick could push toward $2,750–$3,000 .
Bear Risks: Failure to hold $2,460–$2,470 support could lead to dips toward $2,400 or even $2,200–$2,300.
