 Eyes $3000 as ETF Demand Soars, $2300 Dip a Buying Opportunity? - EconoTimes)
ETHUSD pared some of its gains due to profit booking. It hit a high of $2734 and is currently trading around $2549.
Driven by robust institutional demand, particularly into funds like FETH and ETHE, Ethereum ETFs have had substantial net inflows over the previous week, totaling more than $100 million with a remarkable increase of $110.5 million on May 22, 2025. This inflow, which makes May 2025 the best-performing month for ETH ETFs this year, correlates with a roughly 2.5-2.75% price increase in Ethereum and coincides with cautious stock market conditions, suggesting a rotation of capital into crypto assets .
Overall trend remains bullish as long as support $2300 remains intact. Watch ourt for $2770, any breach above targets $3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.
Immediate support is around $2300. Any violation below will drag the price down to $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 $2300 with SL around $2000 for a TP of $3000/$4000.
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