Ether’s hidden strength: Why institutional demand points to $2.4K

💡 DMK Insight

ETH’s current price of $1,947.74 might seem lackluster, but here’s the kicker: institutional inflows are ramping up, and network activity is on the rise. This combination often signals that a bottom is forming, which could set the stage for a rally towards the $2,400 mark. Traders should keep an eye on these inflows as they can indicate a shift in sentiment, especially if we see sustained buying pressure. Additionally, the uptick in network activity suggests that more users are engaging with the Ethereum ecosystem, which is a bullish sign. But don’t ignore the risks—if ETH fails to hold above the $1,900 support level, we could see a deeper pullback. Watch for key resistance at $2,000 and $2,200 as potential breakout points. If ETH can clear these levels, the path to $2,400 looks more viable. Keep your charts handy and monitor the inflow metrics closely; they could be the key to your next trade.