$ETH

Market Overview:

• Price Movement: ETH has shown resilience, holding above the $2,500 support level. Analysts are observing a potential bullish breakout if the price surpasses the $2,640 resistance. 

• Institutional Interest: Recent data indicates renewed institutional interest, with ETH-based products seeing inflows of $33.5 million, flipping the previous month’s outflows into a positive trend. 

• Technical Patterns: ETH is forming a bullish pennant pattern, suggesting a potential breakout towards $5,000 by the end of June, contingent on sustained upward momentum. 

Key Support and Resistance Levels:

• Support: $2,500

• Resistance: $2,640 

A breakout above $2,640 could pave the way for a rally towards higher targets, while a drop below $2,500 may indicate a bearish reversal.

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