$ETH is currently around $2677. Over the past few days it has basically been swinging back and forth between $2650–$2750.
Today the low again touched $2651, but it didn’t keep getting hammered down. It quickly bounced back above $2670.
Market liquidity has not worsened either.
In the latest complete trading day, the U.S. spot ETH ETF continued to record a net inflow of $17.10 million, maintaining positive net inflows for multiple consecutive days. Over the past 7 days, the cumulative net inflow is about $183 million, and over the past 30 days it is close to $910 million.
So the most critical level for ETH right now is still $2650.
If this level holds, then after ETH breaks back above $2750, the next target is $2800. Only if $2800 can hold would there be a chance to revisit $3000.
Today the low again touched $2651, but it didn’t keep getting hammered down. It quickly bounced back above $2670.
Market liquidity has not worsened either.
In the latest complete trading day, the U.S. spot ETH ETF continued to record a net inflow of $17.10 million, maintaining positive net inflows for multiple consecutive days. Over the past 7 days, the cumulative net inflow is about $183 million, and over the past 30 days it is close to $910 million.
So the most critical level for ETH right now is still $2650.
If this level holds, then after ETH breaks back above $2750, the next target is $2800. Only if $2800 can hold would there be a chance to revisit $3000.