ETHUSDT is trading around 2,459 USDT following a previous strong rally. The price remains above the EMA34 and EMA89 and continues to move within an ascending channel, indicating that the short-term bullish structure remains intact.
Flow dynamics continue to favor ETH. Spot Ethereum ETFs in the US have just recorded four consecutive days of inflows totaling approximately $512 million, while profit-taking pressure from long-term holders remains relatively low.
From a technical perspective, the 2,480–2,520 USDT range is a critical zone that needs to be reclaimed. If ETH breaks above this level, then retests and flips it into support, I lean towards the scenario where the upward momentum continues toward 2,600–2,620 USDT.
The bullish scenario would weaken if the price decisively breaks the ascending channel structure and loses the underlying EMA support levels.
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ETHUSDT: Buyers Maintain Structure📈✅📈
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