ETHEREUM MARKET OVERVIEW 📈
🔍 Price Snapshot & Market Action
Current Price: Around US $2,581, up about +0.06% intraday.
24‑Hour Range: Intraday low of ~$2,392 to a high near $2,572.
Recent Pullback: A 3.3% drop to ~$2,418 on July 1 after failing to hold support at $2,460 amid elevated selling pressure.
🏦 Institutional Demand & ETF Inflows
ETH ETF Inflows: Seven straight weeks of net positive inflows, totaling $260 million) over the last week.
Corporate Treasury Interest: Firms like Bit Digital have raised $163 million to accumulate and stake ETH, signifying growing corporate participation.
🧭 Technical Analysis & Outlook
Major Resistance Zone: $2,500–$2,600 range is the key battleground. A close above $2,600 is seen as a breakout trigger.
Bull Flag Pattern: Analysts spot a bull flag setup; a breakout over $2,745–$2,600 could propel ETH to $3,000–$3,067.
Price Targets:
**$2,800**: Short‑term bullish scenario if momentum sustains.
**$2,670 by July 4**: Some models project ~9% upside.
Mid‑2025 Surge: $3,000–$3,500 possible if ETF flows and network upgrades stay strong.
📝 Summary: Bull or Bear?
🎯 Bullish Case: If ETH holds above $2,500 and breaks $2,600, it may surge toward $2,800–$3,000, fueled by ETF inflows, Layer‑2 adoption, and network upgrades.
🛑 Bearish Risk: A decline below $2,400–$2,460 could lead to deeper pullbacks toward $2,200–$2,300 support.
✅ Key Watch Points:
1. $2,500–$2,600 zone – Crucial for confirming bullish momentum.
2. ETF flows – Continued inflows support a sustained rally.
3. Market dynamics – Dollar trends, macro policy, and BTC correlation will impact ETH.
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