Ethereum is currently in a buy zone, testing a key demand level around $2,500 after a week-long price decline of 7.5%. Market analysts express optimism about Ethereum's longer-term prospects, suggesting that its recovery could significantly benefit the broader crypto market. Specifically, recent inflows into Ethereum derivatives, with a reported increase of 96,000 ETH on October 24, as well as a yearly high in aggregated open interest, hint at heightened market activity. However, spot volumes are decreasing, indicating continued selling pressure from investors. Institutions show less interest in Ethereum ETFs compared to Bitcoin ETFs, despite a net positive inflow of $75 million into Ethereum ETFs recently. The price charts show Ethereum forming a descending triangle pattern, with critical resistance levels remaining unbroken.

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