$ETH

$BTC

📈 Current Price Action

ETH is trading around $2,523, down slightly in the past 24 hours—suggesting a mild pullback following recent gains.

Intraday range: $2,478–$2,585—indicating moderate volatility and consolidation near key levels.

🧠 Technical Overview & Momentum

After reclaiming $2,600 earlier this week, ETH has pulled back into the $2,550–$2,560 support zone; short-term structure appears slightly bearish barrons.com+15cryptorank.io+15youtube.com+15zebpay.com+5coinpedia.org+5investing.com+5.

Multiple analysts note a narrow trading range between $2,300–$2,600, with price forming lower highs under a descending resistance trendline coinstats.app+1cryptorank.io+1.

Some technical setups suggest formation of a bull flag—with potential to break toward $2,745–$3,067, though resistance remains stiff at $2,600–$2,650 coinpedia.org+2ccn.com+2en.cryptonomist.ch+2.

Overall momentum is mixed: bearish on short-term charts, neutral-to-bullish on daily/weekly timeframes forex24.pro+7cryptorank.io+7ccn.com+7.

🔭 Key Levels to Watch

Support: Around $2,550 (short-term), with deeper support near $2,420–$2,450 bravenewcoin.com+11coinpedia.org+11cryptorank.io+11.

Resistance: Immediate ceiling at $2,600–$2,650; a breakout here may clear the path to $2,745–$2,800 and potentially $3,000+ .

💡 Fundamentals & Market Drivers

Strong institutional inflows into ETH ETFs continue, with seven weeks of positive net flow (~106k ETH last week), fueling optimism marketwatch.com+14zebpay.com+14ccn.com+14.

On‑chain data shows shrinking ETH supply on exchanges (around 16–17 M ETH), indicating long-term accumulation itbfx.com+2coinpedia.org+2dailyforex.com+2.

Upgrades like Pectra and roll‑up enhancements are improving network scalability and institutional appeal en.wikipedia.org+2itbfx.com+2marketwatch.com+2.

📊 Outlook & Scenarios

ScenarioPrice ActionBearish short-termBreakdown below $2,550 could test $2,420–$2,450, potentially even $2,300–$2,350.Bullish move.