$ETH

Here’s the current snapshot of Ethereum ($ETH ):

• Price: ≃ $2,538.41 USD

• 24-hour change: down about $42 (–1.6%)

• Intraday range: $2,461 to $2,587

Major crypto trackers show similar figures:

• CoinMarketCap reports around $2,538.30 with a 1.6% drop in the last day and weekly declines nearing 9% .

• Coinbase and CoinGecko align closely, showing ETH between $2,540–$2,570, fluctuating within the $2,550 region .

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📉 Market context & technical outlook:

• ETH dropped ~7.5–9% over the past week and is trading below key resistances (around $2,680) .

• Technical indicators like RSI and ADX suggest weakening bullish momentum, with support potentially critical near $2,479–$2,500 .

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🐋 On‑chain & institutional signals:

• Whale wallets (holding 1k–10k ETH) have accumulated strongly — netting over 800,000 ETH last week, a level of buying unseen since 2017 .

• ETFs continue to see institutional interest: around $583 million in weekly net inflows, and a notably low exchange reserve of 18.57 million ETH, indicating tightening supply .

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📰 News snapshot:

• Geopolitical headwinds tied to the Israel–Iran conflict have added extra volatility, weighing on crypto markets recently .

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🔍 Summary

Ethereum is currently in a short-term downtrend, facing bearish pressure with key support around $2,500. However, strong on-chain accumulation and ETF inflows show institutional interest remains high. Price action in the coming days could hinge on whether ETH holds that support level.