ETHUSDT is trading around 2,511 USDT following weeks of consolidation within the 2,400–2,560 range. A positive sign is that the price remains above the EMA34 (approx. 2,468) and EMA89 (approx. 2,463), indicating that buyers have not lost the H4 market structure.
The 2,550–2,570 zone is currently critical. If ETH achieves a decisive breakout above the range's upper limit—followed by a retest where this area holds as support—I lean towards an extension to the 2,620–2,650 level before targeting the primary objective near 2,750 USDT.
There are also bright spots regarding ETH capital flows: FXStreet reports that US spot Ethereum ETFs have recently returned to a net inflow of approximately $34.7 million, while the daily structure remains positive relative to long-term EMAs.
The bullish scenario would weaken if ETH loses the 2,460 level, particularly if it drops back below the range low of 2,400.
