$ETH
🌐 Market Snapshot
Current Price: ~$2,941.91
Intraday High/Low: $3,005 → $2,908
Yesterday's strong close near $3,000 reflects institutional demand—ETFs logged over $383 M inflows, with ETFs cumulatively absorbing $5 B+, reducing supply on exchanges .
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📊 Technical Overview
🔸 Short-Term (4H/1H)
Price recently broke above an ascending channel resistance; currently testing support near $2,864 .
Momentum indicators are bullish but show mild overbought (~RSI 70–72) .
Key short-term support lies at $2,932–2,945, with a deeper buffer at $2,850. Failure to hold could open room toward $2,700 .
🔸 Medium-Term (Weekly)
Weekly close above trigger at $2,836.50 confirms bullish structure and signals potential continuation toward $3,323, possibly extending to $3,629 on a weekly break .
The “coiled spring” macro suggests ETH could target $5,000+, riding longer-term momentum .