$ETH 📉 Price & Market Snapshot

Trading around $2,499, a dip of approximately 9.5% intraday, fluctuating between $2,466–$2,774 .

May saw a rally near $2,833, driven by institutional inflows and macro tailwinds—but today’s slump reflects a technical pullback .

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🔍 Technical Analysis

Support levels: Strong zones at $2,746–$2,755, anchored by EMA20/50/100/200 and Fibonacci support near $2,746 .

Resistance levels: Key hurdles lie at $2,800, then $2,920–$3,000—with breakout potential toward $3,065–$3,525 if momentum recovers .

Indicators show neutral to bullish bias: 21 bullish vs. 11 bearish indicators, with RSI and Fear & Greed in “Greed” territory (~71) .

Trend weakness today: ETH has dipped below its 50‑day EMA and short-term bullish trend lines on the hourly chart, highlighting caution .

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🚀 Catalysts & Market Drivers

Breakout in early June: Surged +50% from May lows into early June, establishing a range between $2,400–$2,700 .

Institutional inflows: Ether ETFs (e.g., BlackRock’s) have seen consistent net inflows, fueling a build‑up toward $4,000+ targets .