Ether stays elevated after spot ETH ETFs record their largest weekly inflows of 2025, bolstering confidence despite cooling momentum above $2,600.
Ether extended its upward momentum Monday, driven by surging institutional demand and a decline in exchange-held supply to levels unseen in years.
The token reached a high of $2,650.18 before pulling back slightly to trade near $2,617, according to CoinDesk Research’s technical analysis model.
Though ETH experienced a minor retracement, it remains one of the top-performing major cryptocurrencies this week, fueled by $321 million in fresh investments into ether-related products — the largest weekly inflow since December. This reflects growing investor optimism about Ether’s long-term prospects.
Market analysts also note a significant reduction in ETH balances on centralized exchanges, signaling increased accumulation and a preference for self-custody.
Technical Analysis Summary
- ETH traded within a 24-hour range of $172.87 (6.97% volatility), hitting a peak of $2,650.18.
- Resistance at $2,550 was decisively broken, supported by a trading volume of 288K ETH.
- Price action now consolidates above the $2,600 mark following a modest pullback.
- Support levels have formed between $2,610 and $2,615, with buyers defending the crucial $2,600 floor.
- A notable volume spike at 07:58 accompanied a brief dip to $2,609.
- The overall trend remains bullish as higher lows persist.
