Is Ethereum About to Stage a Comeback? A "Quiet Signal" is Brewing for Major Moves
In the past week, the price of Ethereum has been heavily hammered, falling from a high of $2880 all the way down to $2454—a 14% pullback that hit the market like a sucker punch, leaving it silent. But now, some details are quietly changing.
Price hitting bottom + RSI synchronously retracing, a "pivot signal" appears technically
The key support level held firm, and the RSI precisely retraced to the 50 midline. This is not a coincidence, but a reaffirmation under the combined force of "price + momentum." If the structure holds, a short-term rebound of up to 15% is possible, challenging previous high resistance once again.
The spot market begins to "stop the bleeding," and ETF funds continue to flow steadily in
Since June 10, ETH has been in a net outflow state, suppressing the price. However, just now, this wave of outflow has finally ended—marking the first net inflow of funds in 10 days. Although the scale is only $6.5 million, it sends a signal: selling pressure is starting to wane.
At the same time, ETF inflows continue positively, with over $51 million entering this week, indicating that institutions are quietly building strength rather than fleeing.
But don't underestimate the situation; on-chain liquidity remains weak, and fearful sentiment has not been eradicated
The flow of funds on exchanges is still predominantly inflow, suggesting that many are still on the defensive in the short term. Although the fear-greed index has rebounded, it is still far from optimistic. Whether this round of increases can be sustained depends on whether the market is willing to take risks.
The derivatives market's activity is on the rise, and open interest is increasing
Contract positions rebounded quickly within 24 hours, rising from 50 to 52, with the bullish atmosphere slowly warming up. Additionally, as Bitcoin's dominance peaked and then fell, money may start to rotate into ETH, initiating a catch-up rally.
