Ethereum is trading around $2,477, marking a 3.12% drop in the last 24 hours as it approaches Memorial Day with weak market liquidity. While recent ETF inflows have injected some optimism — with $58.6 million added to Ethereum ETFs and 22,000 ETH purchased — ETH is still struggling to maintain momentum. Bitcoin ETFs also pulled in over $211 million, reflecting renewed institutional interest. However, traders remain cautious.
Technically, Ethereum has broken below a key trendline and is now stuck under the 50-period EMA at $2,555, turning previous support into resistance. Momentum indicators such as MACD and candlestick patterns around $2,523 hint at further downside. If the bearish structure continues, Ethereum may test lower supports at $2,378, $2,272, or even $2,172. A decisive move above $2,555 could shift sentiment bullish again, targeting $2,800 as the next resistance zone.
Holiday periods like Memorial Day tend to reduce liquidity, leading to outsized price movements. With volume likely to remain low, Ethereum could either bounce sharply or fall further depending on post-holiday sentiment.
Meanwhile, BTC Bull Token (BTCBULL) is gaining attention. With over $6.3 million raised of a $7.3 million presale cap, and features such as 65% APY staking, no lockups, and BTC-pegged rewards, the altcoin offers an attractive alternative to ETH during market uncertainty. The token also burns supply with every $50K Bitcoin rise, maintaining scarcity while distributing airdrops to holders — especially those joining early.
BTCBULL’s structure, flexibility, and staking incentives are drawing increased interest as Ethereum cools. With staking pools already holding over 1.6 billion BTCBULL, and no lock-in or fees, this altcoin is gaining traction just as ETH appears to pause. As traders seek yield during slow periods, BTCBULL may fill the gap until Ethereum reclaims its bullish trend.
