#ETH🔥🔥🔥🔥🔥🔥
Technical Overview
Current Price Range: $2,517 – $2,586
Immediate Resistance: $2,600
Short-Term Targets: $2,650 and $2,713
Support Zone: $2,470 – $2,495
Ethereum has recently rebounded from the $2,470–$2,495 support zone, forming a bullish pennant pattern on the 4-hour chart. This suggests potential for upward movement, with traders eyeing the $2,650 and $2,713 levels as next targets.
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🔍 Market Sentiment & On-Chain Insights
Investor Sentiment: The Fear & Greed Index stands at 74, indicating a 'Greed' sentiment among investors.
Institutional Activity: Ethereum ETFs have seen net inflows of $248 million from May 19 to May 23, 2025, with no outflows recorded during this period.
Whale Accumulation: Wallets holding 1,000 to 10,000 ETH have shown increased accumulation, signaling confidence among large holders.
📈 Outlook
If Ethereum maintains its position above the $2,500 mark and breaks through the $2,600 resistance, it could target the $2,650 and $2,713 levels in the near term. However, a drop below the $2,470 support zone may indicate a shift towards a bearish trend.
