📊 Market Overview
Price: #ETH is trading around $2,572.71, with an intraday range between $2,494.19 and $2,575.58 .
Momentum: This marks a ~1.7% uptick over the past 24 hours, with a weekly gain of ~3% according to CoinGecko .
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🔍 Key News & Analysis
Technical Pattern: Analysts note a “cup and handle” formation, a bullish setup that could propel ETH above $4,200 by late 2025 if price breaks above ~$2,950 .
Price Pressure & Whale Activity: Despite recent ETF outflows and open interest drops, whales have bought over 166,000 ETH (~$435M) in OTC transactions, indicating strong institutional accumulation .
Cautious Outlook: Some analysts warn of a dip below $2,500 if support doesn’t hold amid shifting risk-on sentiment linked to geopolitical news .
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🧭 Summary
Bull Case: Technicals and institutional inflows set the stage for a potential rally toward $3,000–$4,000 this year.
Bear Case: A failure to hold $2,500 support could trigger deeper correction.
Watchpoints:
$2,500: Critical short-term support.
$2,950–3,000: Breakout zone for longer-term upside.
Institutional flows & geopolitical headlines: Key catalysts for volatility.
