ETHUSD gained more than 2.5% today after hitting a low of $2510. It hit an intraday high of $2647.70 and is currently trading around $2669.03.
Ethereum ETF inflows are currently at their highest point this month until 2025, with a recent infusion of $108.6 million, surpassing the average monthly flows for February, March, and April.
The current market sentiment for Ethereum is bearish, with a taker buy-sell ratio below 1 and strong sell orders, indicating negative Net Taker Volume, and Large Holder Netflow showing significant net outflows of ETH.
Overall trend remains bullish as long as support of $2300 remains intact. Watch out for $2770, any breach above targets $3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.
Immediate support is around $2450. Any violation below will drag the price down to $2300/$2000/$1750/$1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.
It is good to buy on dips around $2550-55 with SL around $2300 for a TP of $3000/$4000.


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