Ethereum (ETH) Price: ETH Pulls Back to $2,670 After $2,786 Rejection

ETHUSD: mixed, with a near-term cautious bias. The rejection below $2,800 and roughly $97.5 million in long liquidations point to crowded positioning and leave ETH vulnerable to further volatility. The immediate test is the reported $2,626–$2,672 support zone; a sustained hold would keep the pullback consistent with consolidation, while a break could weaken the breakout narrative, with $2,544–$2,560 the next area highlighted in the report.

The counterweight is demand: reported ETF inflows and whale accumulation could help absorb selling and support a renewed attempt higher. But those flows do not guarantee follow-through, particularly as the article also notes subdued network activity and repeated failure of ETH/BTC near 0.03. A weekly ETH close above $2,800 and a decisive ETH/BTC break above 0.03 would strengthen the relative-strength case; continued rejection would suggest ETH’s recent outperformance may be losing momentum. Watch ETF flows, leverage/open interest, and whether support holds.