Ethereum is heading towards a pivotal area after its value declined to around $2,559, affected by selling pressures resulting from breaking the short-term upward trend line and slipping below the 50-day moving average, which weakened the technical momentum and pushed the Relative Strength Index towards negative signals despite its proximity to oversold areas. The price movements show an attempt to maintain stable support between $2,515 and $2,470, as failure to do so may open the door for a deeper decline, while a breakout above $2,745 would reconsider resistances closer to $2,920.

On the fundamental side, institutional flows recorded a noticeable increase in recent days, with investments in Ethereum-based ETF products reaching about $296 million over the week, indicating the confidence of major institutions despite market volatility. Additionally, trading volume on one of the largest platforms exceeded 1.2 million units of ETH, reflecting strong participation from large investors. This interaction enhances the likelihood of a technical rebound if external data stabilizes, especially since the proportion of profitable holdings is approaching 68%, creating a psychological barrier that is difficult to break without unexpected negative news.

In light of global geopolitical tensions and increasing market volatility, Ethereum's movements seem strongly tied to psychological factors and investment flows. The upcoming trend depends on the ability to maintain current support or achieve a technical breakout.