Summary
Ethereum (ETH) was US$2446.47, up 1.99% over 24h, per CoinMarketCap's own page data. CMC AI's price-analysis TLDR: Ethereum is up 1.10% to $2,431.40 in 24h, modestly outperforming a flat Bitcoin (+0.66%) and the broader crypto market (+0.94%). The move appears driven by technical support holding and positive sentiment around network development, despite significant ETF outflows following the CLARITY Act's failure in the U.S. Senate. 1. **Primary reason:** Technical resilience and scaling progress, with price defending key support and the Glamsterdam upgrade advancing to public testnets. 2. **Secondary reasons:** Bullish derivatives positioning, as perpetual swap funding rates rose over 40% in 24h. 3. **Near-term market outlook:** If ETH holds above the $2,378–$2,403 support zone, it could retest $2,500; a break below risks a drop toward $2,300, with direction hinging on the Federal Reserve's rate decision later today.