Ether (ETH) is witnessing a significant recovery, approaching the $2500 mark. The rise is linked to technical signals and an increase in interest from institutional investors.
Technical Analysis and Liquidity
Ether is trending up towards $2500, as indicated by a two-week liquidation heatmap revealing aggressive price action towards liquidity zones. Technically, ETH tested a multi-month support range between $2100-$2200, signaling strong buyer interest. The three-day chart closed above $2400 with a dragonfly doji, suggesting a potential reversal after a range low.
Ether's Potential for Catch-Up Growth
Swissblock data indicates Ether may be poised for a significant surge as capital rotation shifts from Bitcoin. Currently, over 90% of BTC supply is in profit, indicating limited short-term upside. Meanwhile, ETH lags with under 80% profit realization, suggesting a catch-up period could be forthcoming.
Institutional Interest and ETFs
Inflows into spot ETH ETFs surged by 68% in June, indicating a growing institutional appetite for Ether. Comparatively, spot Bitcoin ETFs saw $5.23 billion in May, whereas Ethereum ETFs rose from $564 million to $950 million, demonstrating a meaningful shift towards ETH.
Given the technical signals, growing institutional interest, and historical patterns, Ether may be preparing for considerable growth targeting levels above $2500.
