Analysis: ETH may rebound if it stabilizes above $2,400

Odaily News Analyst Michaël van de Poppe pointed out that if ETH can stay above the key $2,400 support, it may "test the upper edge of the range" in the next few weeks and start a rebound. ETH is currently priced at $2,452, down 7.45% from 30 days ago. Glassnode data shows that on June 16, whales bought 1 million ETH in a single day, the largest purchase since 2018. The spot Ethereum ETF also recorded net inflows for three consecutive days, totaling $232 million.