$ETH ETH dips to $2,100–$2,200 could offer prime entry points, backed by historical support and institutional accumulation.
Spot ETH ETFs saw 154,000 ETH in inflows this week, with BlackRock holding 1.51 million ETH.
Despite near-term volatility, Q4 may bring a breakout driven by tokenization and year-end capital flows.
Ethereum Holds Key Support as Accumulation Grows
Ether (ETH) is trading around $2,538 after a volatile week, reaching a 15-week high of $2,879 before dropping to $2,433 — a 15% correction. Despite short-term weakness, long-term indicators suggest any return to the $2,100–$2,200 range may present a strong buying opportunity.
Ascending Channel Supports Long-Term Uptrend
On the weekly chart, ETH remains within an ascending channel, marked by consistent higher highs and lows. While a breakdown toward $2,100 is possible if sell pressure increases, the zone has historically served as multi-month support — most notably between late 2023 and August 2024.$ETH
