#EthereumNews

Current price is around $2,430–2,440, up ~1% for the day.

ETH is recovering strongly from the range of $2,100–2,200, moving towards the resistance area of $2,500. There are signs of a "dragonfly doji" candle and increased liquidity indicating a potential positive breakout.

However, the sentiment among professional traders remains quite cautious: futures interest rates are not reacting too bullishly, and gas fees & competition from other networks continue to exert pressure on fxstreet.com.

The inflow of capital into the ETH ETF remains stable, with over 90% of the BTC supply currently in profit, which could drive circulating funds into ETH.