Price Action & Market Drivers

Current level: Holding near $2,637, up ~3.5% intraday, bouncing from around $2,500 to peaks above $2,650 .
Institutional inflows: Funds investing in ETH saw approximately $583M inflow last week, totaling $2B over nine weeks—the biggest weekly inflow since February .
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⚙️ Technical Structure & On‑Chain Trends
Key support zone: $2,517–$2,540 accumulation area, from which ETH recently rallied .
Bullish setup: Break above the 4‑hour EMA50 and a bullish breaker structure at $2,600 point to further upside potential toward resuming its range-bound move within $2,400–$2,700 .
On‑chain buying: Around 65 million ETH accumulated in the $2,311–$2,392 band; whales have added ~590K ETH this month, all implying strength from deeper levels .