Ethereum Rebounds Strongly Above $2,620 as Technical Structure Firms
Ether (ETH) is showing renewed bullish momentum, recovering from a key support level despite ongoing macroeconomic uncertainty. After dipping to $2,584, ETH saw a sharp rebound on high volume, helping it stabilize above $2,620 and reinforcing a constructive price structure.
The bounce comes amid broader market pressure tied to U.S.–China trade tensions and monetary policy ambiguity. Still, Ethereum appears to be absorbing these headwinds well, with growing institutional interest helping to support its upward trajectory.
Spot ETH ETFs are reporting their strongest weekly inflows of 2025, signaling increasing long-term conviction from larger market participants. Technically, ETH has maintained a series of higher lows since April, staying above key moving averages—a pattern typically seen in healthy uptrends.
Market analysts suggest that a decisive break above the $2,650–$2,700 resistance zone could trigger the next leg higher.
Technical Highlights:
- Price Range (24h): ETH traded within a $61.32 range (2.37%), from $2,584.33 to $2,645.65.
- Support Rebound: A V-shaped recovery occurred at $2,584, supported by peak hourly volume of 169,933 ETH.
- Momentum Push: During the 03:00 hour, ETH surged to $2,645 on heavy volume of 198,361 ETH.
- Stabilization: The price settled near $2,629, forming a higher low and holding above recent support levels.
- Buy Zone Identified: Strong demand appeared in the $2,625–$2,627 range, with notable accumulation.
- Late Session Volume: A spike of 9,645 ETH at 07:25 underscored continued buying interest.
- Outlook: ETH remains technically strong, with momentum building toward the $2,645 resistance level and beyond.
