Price Action: $ETH
recently reclaimed the $2,492–$2,500 support zone and bounced to ~$2,647—marking a 3–4% surge. Signs indicate a shift into a breakout phase, reminiscent of the rally in 2017 .
Institutional Footprint: Rising institutional presence via staking and ETF inflows is lending bullish momentum. Digital asset funds funneled ~$583 million into ETH last week—the biggest weekly inflow since December .
On‑Chain Strength: Whales are accumulating aggressively—holding levels unseen since 2018. Net inflows topped 818k ETH (~$2.5B) in a single day, echoing the 2017 accumulation pattern .
Technical Setup: ETH is holding key EMAs and the 50‑day moving average. Traders are eyeing entries near $2,610–2,615 with targets up to $2,700–2,750 .
Summary: With strong support, influx of institutional interest, whale accumulation, and a robust technical structure, many see Ethereum entering a powerful second phase of its bull cycle. 🔥
