Ethereum price climbed 2.5% over 24 hours to just under $2,450, but remained below the $2,500 level as U.S. spot ETFs recorded nearly $389 million in cumulative net outflows over five trading sessions. The rebound puts ETH within striking distance of $2,500, although the token remains down 2.0% over seven days, 6.0% over 14 days and 8.9% over 30 days.
The $2,500 level is still the psychological threshold to watch. A sustained break above it could strengthen the recovery narrative, particularly if spot demand improves. Failure to clear that level could leave ETH vulnerable to another pullback.
On the downside, the $2,380 area represents an immediate reference point because it is close to the reported 24-hour low. A decisive move below that level would weaken the short-term recovery setup.
