Ethereum Price Falls to $2,600, But ETF Inflows Hit 2-Month High | Airdrop Alert Pro

Ethereum prices fell sharply, falling to an eight-week low of $2,600. The sharp drop caused huge losses to ETH holders.

However, institutional investors see this as a buying opportunity to take advantage of lower prices to expect potential market recovery.

Ethereum loss momentum

Ethereum’s Profit supply In the past two months, the decline has dropped sharply, down 32%. Previously, 97% of ETH holders were profitable, but this number has now dropped to 65%.

This decline caused negative sentiment among traders compared to other large cryptocurrencies, and Ethereum performed poorly.

Fear, uncertainty and suspicion (FUD) have led retail investors to sell their shares, which has led to further downward pressure. However, market cycles often lead to unexpected reversals. If the broader crypto market is stable, ETH may see surprises Long-term investors bounce when using discounted prices.

although Ethereum price dropsinstitutional investors appear to be accumulating assets. this US Point Ethereum ETF Market recorded its highest single-day inflow in two months, with 89,290 ETH worth about $236 million, entering funds earlier this week.

This suggests that institutional investors see Ethereum’s current price as an attractive entry point.

Large accumulation at lower levels suggests that long-term investors are still confident in Altcoin. Although short-term price movements remain volatile, sustained institutional inflows can support ETH. It could help stabilize Ethereum prices in the coming weeks.

ETH price forecast: Recovering support and restoration

Ethereum prices have dropped At 20% of the past week, it is currently $2,608. After losing $2,698 in support, the critical support level for cryptocurrencies is above $2,546. This decline puts ETH in a vulnerable position, with investors closely monitoring price action to achieve further signs of action.

The current market conditions present mixed signals that make Ethereum prone to consolidate the following $3,000 in the long term. If ETH recovers $2,698 in support, a potential recovery can be started.

Prior to this, price action may remain scoped as traders evaluate the direction of the market.

But, if Ethereum cannot be maintained $2,546 support level, the downward trend may deepen. A further decline could increase ETH to $2,344, invalidate the bullish neutral outlook and widen investor losses.

This will enhance bearish sentiment and potentially delay any significant recovery in the near term.