📈 Market Outlook & Institutional Momentum
Analysts are suggesting that Ethereum may be undervalued amid growing institutional interest tied to spot ETH ETFs and staking features. Despite trailing Bitcoin, projections hint at a possible rebound if inflows persist .
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💹 Price Breakout & Technical Momentum
ETH surged past the $2,500 resistance, hitting ~$2,570 on July 7, backed by increased network activity and declining Bitcoin dominance—signaling a potential altcoin rally .
Technical indicators show ETH forming a symmetrical triangle pattern between $2,480–$2,600, suggesting a possible breakout soon .
Market sentiment remains somewhat cautious: on-chain data reflects capital inflow, but certain indicators hint at trader exhaustion, potentially slowing momentum .
