$ETH is holding steady above the local support with buyers stepping in after the recent pullback. Structure remains intact as price begins to stabilize within the current range. EP 2,040 – 2,060 TP TP1 2,100 TP2 2,180 TP3 2,260 SL 1,995 Liquidity was taken during the recent downside move and price quickly reacted from the lows, showing demand returning around support. As long as this structure holds above the base, continuation toward the upper liquidity zones remains the higher probability path. Let’s go $ETH ‌

Morning Analysis The current market remains volatile, with a quick pullback after yesterday's rebound. Short-term rebounds lack effective breakout momentum. Overnight, Bitcoin rebounded to the 71,300 area but faced resistance and declined, indicating a clear short-term trading range. On the four-hour chart, after Bitcoin broke above the upper band and faced resistance, it pulled back and is now receiving slight support near the middle band; however, the rebound momentum is gradually weakening. Short-term resistance is concentrated in the 71,500-72,000 range. If this zone cannot be effectively broken through, the market will continue to favor short positions at higher levels and long positions at lower levels. Trading Suggestions Shorts around 70,800-71,300 with targets near 68,500-69,000 Shorts around 2,090-2,120 with targets near 1,940-1,970

#BitMineAddsOver60KETHLastWeek BitMine Adds Over 60,000 ETH in a Week — Institutional Ethereum Accumulation Grows Institutional activity around Ethereum continues to expand as BitMine disclosed that it accumulated more than 60,000 ETH last week. Large acquisitions like this are drawing attention from market participants because they signal growing confidence in Ethereum’s long-term ecosystem. Ethereum remains the backbone of many sectors in the crypto economy, including DeFi, stablecoins, NFTs, and tokenized assets. When institutional players increase their exposure to ETH, it often reflects expectations around the network’s future utility rather than short-term price speculation. From the perspective of Dragon Fly Official, accumulation events of this scale highlight a broader trend: institutions are gradually diversifying beyond Bitcoin and building strategic positions in Ethereum. One of the key reasons behind this interest is Ethereum’s evolving role as a financial infrastructure layer. With staking, decentralized finance, and real-world asset tokenization expanding, ETH is increasingly viewed as both a technology asset and a yield-generating asset. Another important factor is supply dynamics. Since Ethereum’s transition to proof-of-stake and the implementation of fee-burning mechanisms, the circulating supply growth has slowed significantly. In periods of strong network activity, ETH can even become deflationary, meaning more coins are burned than issued. Dragon Fly Official believes that if institutional accumulation continues at this pace, Ethereum could strengthen its position as the second major institutional digital asset after Bitcoin, particularly for investors seeking exposure to the broader Web3 ecosystem. Large purchases like BitMine’s do not automatically guarantee price increases, but they often reflect long-term strategic positioning by major players in the digital asset market. Risk Warning: Crypto markets are volatile. Dragon Fly Official shares market insights, not financial advice. Always do your own research. 🚀