Ether has rebounded firmly from key support near $2,460, recovering losses and stabilizing above the $2,500 threshold amid broader market volatility.
Market Recovery and Volume
The rally follows a higher low formation backed by above-average volume, signaling growing market confidence.
Institutional Influence
Institutional participation appears to be reinforcing the trend, with BlackRock’s ETHA ETF reporting $492 million in net inflows last week. Total holdings now exceed $4.84 billion, reinforcing long-term bullish sentiment even as price action remains sensitive to geopolitical developments.
Technical Analysis Highlights
ETH traded within a $72 range over 24 hours, from a low of $2,460.35 to a high of $2,532.41. A key support zone formed at $2,460–$2,470, where ETH bounced on strong volume during midnight hours. Final hour surge reached $2,515.11, backed by 5,919 ETH in volume. Higher low structure established with interim support at $2,485 and resistance at $2,503. Final retracement held support at $2,507, with price consolidating around $2,510 into the close.
Traders are watching to see if ETH can challenge resistance in the $2,520–$2,530 range.
