$ETH The current price of Ethereum (ETH) is $2,505.09, down 9.32% from the previous price. Some analysts predict that Ethereum may continue to decline in the short term due to the impact of geopolitical events and market volatility. However, there are also forecasts suggesting that Ethereum could recover and increase in price in the long term due to growth potential and investor interest.

To determine a reasonable buying price, it is necessary to consider important support and resistance levels. Currently, the important support level for Ethereum is $2,400, while the important resistance levels are $2,700 and $3,000.

Some signs indicate that the demand for accumulating Ethereum is increasing, including:

- *Net inflow*: The net inflow rate from large wallets compared to the inflow to exchanges has decreased significantly, indicating that the amount of ETH being transferred to long-term storage wallets exceeds the amount deposited into exchanges.

- *Withdrawals from exchanges*: More than 140,000 ETH has been withdrawn from exchanges in just one day, indicating that investors are accumulating Ethereum.

- *Whales repurchasing*: Some whales have repurchased Ethereum at higher prices after previously selling, indicating strong confidence in ETH's growth prospects.

However, it is also important to note that the cryptocurrency market is highly volatile and influenced by many factors. Investors should exercise caution and conduct their own research before making investment decisions ¹.