According to @FarsideUK, U.S. spot Ethereum (ETH) ETFs recorded their largest single-day net outflow of June on Friday, totaling $11.3 million, based on data from Farside Investors. The withdrawal was primarily driven by a $19.7 million outflow from BlackRock's ETHA ETF, its first of the month. These losses were partially offset by inflows into Grayscale's ETHE ($6.6 million) and VanEck's ETHV ($1.8 million). Despite the institutional selling pressure, ETH price experienced a technical rebound after dipping to $2,372.85. A strong support zone has since formed between $2,420 and $2,430, confirmed by multiple low-volume tests. Key resistance for traders to watch is the $2,480–$2,500 level, while an ascending trendline of higher lows suggests potential for upward momentum.

According to @FarsideUK, U.S. spot Ether (ETH) ETFs recorded their largest single-day net outflow in June, totaling $11.3 million on Friday. This was primarily driven by a $19.7 million outflow from BlackRock’s ETHA ETF, its first negative flow of the month. These losses were partially offset by inflows of $6.6 million into Grayscale’s ETHE and $1.8 million into VanEck’s ETHV. In terms of price action, ETH experienced a sharp sell-off to $2,372.85 on a volume spike nearly five times the daily average. However, a strong technical support zone has formed between $2,420 and $2,430, which has been successfully retested. The price has since established an ascending trendline, with traders now watching the $2,480–$2,500 level as key resistance.

According to @FarsideUK, Ethereum (ETH) is facing institutional selling pressure as U.S. spot ETH ETFs recorded their largest single-day net outflow of the month on Friday at $11.3 million, based on data from Farside Investors. The outflow was driven by BlackRock's ETHA fund, which saw a $19.7 million withdrawal, though partially offset by a $6.6 million inflow into Grayscale's ETHE. From a trading perspective, ETH experienced a high-volume sell-off to a low of $2,372.85 before finding strong technical support in the $2,420–$2,430 range. This support level has been confirmed by subsequent low-volume tests, suggesting accumulation by buyers. Key resistance for traders to watch is now the $2,480–$2,500 zone.

According to @lookonchain, Ethereum (ETH) is exhibiting a significant divergence between large and small holders as it holds the $2,500 support level. Data from crypto analytics platform Santiment reveals that wallets holding between 1,000 and 100,000 ETH, known as 'whales and sharks', have accumulated a net total of 1.49 million ETH in the last 30 days. This accumulation increased their combined holdings by 3.72%, and they now control 26.98% of the total ETH supply. This buying activity contrasts with smaller, retail-driven wallets that have been taking profits. From a trading perspective, this strong accumulation provides a potential price floor. However, institutional demand has shown signs of slowing, as U.S. spot Ethereum ETFs recorded $2.2 million in net outflows, ending a 19-day inflow streak, according to data from Farside Investors. Traders are watching the $2,500 support level closely, as sustained buying from whales could counteract the recent pause in ETF inflows.

According to Michaël van de Poppe (@CryptoMichNL) on Twitter, Bitcoin is exhibiting a positive technical build-up, indicating the formation of strong support levels. The chart shared highlights sustained accumulation phases and higher lows, which are typically interpreted as bullish indicators for traders. This trend provides favorable conditions for potential breakout trades and risk-managed long positions, as traders often seek periods of consolidation and support strength before entering the market (source: @CryptoMichNL, May 5, 2025).

According to Mihir (@RhythmicAnalyst), Bitcoin Cash (BCH) began a recovery in mid-2023, and the recent price correction halted at a significant support level. This technical movement suggests a potential continuation of BCH's recovery, providing traders with a bullish outlook based on current price action.