📊$ETH Market Overview

Current Price: ~$2,544.41 USD

24 h Change: +1.31% (~+ $32.95)

24 h Range: $2,493.49 – $2,554.10

🔍 Today’s Drivers & Trends

Failed Breakout & Pullback

ETH attempted to break above the $2,600 resistance yesterday, but couldn’t hold—it pulled back about 3.5% into the $2,500 zone⁠—a common liquidity-target move after failed breakouts .

Whale Accumulation

Large wallets (holding 1K–100K ETH) have added ~1.49 million ETH over the past 30 days, increasing their share to ~27% of the supply—signaling sustained whale interest despite recent volatility .

Technical Context

Weekly chart shows a “pre‑tower top” formation—an alert that volatility may spike soon, especially given current global uncertainties (Middle East tensions) .

Support Holding

The $2,500–$2,520 zone remains firm; this aligns with where on‑chain data shows strong cushion (IOMAP range $2,349–$2,426), historically seen as a springboard for rallies .

📈 Technical 📌 Levels

Level Significance

**$2,500–$2,520** Key support—guarding this area is critical for bulls; a close below may lead to deeper pullback toward $2,400.

$2,600 Resistance—was tested, but not held yet. A new surge above could open path to $2,700–$2,750.

$2,700+ Secondary upside target—likely if inflow continues and ETF/layer‑2 optimism returns.

🔮 Short-Term Outlook

Bullish: If ETH stabilizes above $2,520 and earns volume to re-test $2,600, look out for a rally toward $2,700+.

Bearish: If it breaks below $2,500, it may fall toward $2,400 or revisit the $2,350–$2,426 cushion zone.

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$ETH