*
### **Current performance**
- **Price:** 2,716.51 USDT (**+7.05%** during the reporting period).
- **Market cap:** 330.65 billion dollars (ranked 2 after Bitcoin).
- **24-hour trading volume:** 32.3 billion dollars (**9.77% of market cap**), indicating high liquidity and strong trading activity.
### **Cash flow**
- **Dominant buying:** net positive inflow of **1.13 billion USDT**, focusing on short time frames (1 hour to 4 hours).
- **Significant inflows:**
- **24.5x** of the daily average significant inflow (63,028 ETH).
- 5 consecutive days of significant inflow, enhancing the likelihood of continued upward momentum.
### **Coin supply and its historical context**
- **Circulating supply:** 120.72 million ETH (no cap, with annual issuance controlled via a "burn" mechanism).
- **All-time high price:** 4,891.70 USDT (on 16-1-2021), meaning the current price is **~44.5%** lower than the peak.
- **All-time low price:** 0.42 USDT (in 2015), showing tremendous long-term growth.
### **Key points for traders**
1. **Strong bullish signals:** sharp rise (+7%) with significant buying inflows supporting a short to medium-term upward trend.
2. **Key support levels:**
- **2,500 USDT** (dynamic itself based on volume movement).
- **2,200 USDT** (strong historical support).
3. **Warning of volatility:** trading volume to market cap ratio is high (9.77%), which may lead to rapid fluctuations.
### **Recommendation**
- **Short-term traders:** can take advantage of the current momentum with a stop loss below **2,600 USDT**.
- **Long-term investors:** good opportunity to accumulate on any correction towards **2,300–2,500 USDT**, with targets at **3,500 USDT** (medium-term resistance).
$$ETH
