$ETH

Price Overview

Current price: ~$2,531 (down ~7–8% over the past 24 hours)

Trading range today: Between ~$2,465 and ~$2,770

24‑hour volume: Around $39–41 billion

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📉 Recent Drivers & Sentiment

Geopolitical risk-off: Broader crypto market weakness linked to rising Israel–Iran tensions has hit ETH alongside BTC and XRP .

Technical pressure: ETH broke below its short-term consolidation range (~$2,724), triggering follow-through selling. Further downside may target support around ~$2,410 (50‑day EMA) and then possibly $2,000 .

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🔮 Analyst Insights

Valuation bull case: Etherealize framework views ETH as “digital oil,” setting a short-term target of $8,000 and even long-term scenarios reaching $706,000 per ETH .

Chart pattern potential: Some see an inverse & pattern that, if confirmed with breakout above $2,800–2,870, could imply a move toward $19,500—though this is a multi‑year