Ethereum is showing renewed strength after bouncing off critical support at $2,477, bolstered by strong spot ETF inflows and surging trading volume. Despite lingering macroeconomic pressures, the second-largest cryptocurrency is holding its ground and eyeing a potential breakout above a key resistance zone.
The broader crypto market remains cautious amid ongoing global trade disputes, but Ethereum appears to be building a base for another leg up. Currently trading within a pivotal range between $2,500 and $2,530, ETH faces its next major test: reclaiming control above this overhead resistance to sustain its bullish trajectory.
ETF Demand Signals Institutional Confidence
Positive momentum continues to build on the back of sustained institutional demand. Spot Ethereum ETFs have seen consistent daily inflows, a sign that larger investors are positioning for long-term exposure even as short-term volatility lingers.
Technical Breakdown: Support Holds, Momentum Builds
- Ethereum traded within a broad $99.85 range over the past 24 hours, representing a 3.5% swing.
- The asset dipped to a low of $2,477.40 during the midnight sell-off, firmly establishing this zone as critical short-term support.
- Volume during the decline surged to nearly 291,400 units—almost triple the average—confirming the strength of buyer interest at lower levels.
- Between 08:00 and 09:00, sustained accumulation within the $2,467–$2,480 range further reinforced support.
- ETH has since reclaimed $2,515, with the chart showing early signs of a higher low—often a bullish reversal indicator.
- A breakout attempt at 13:35 saw ETH jump from $2,515.85 to $2,521.79 on impressive volume (5,839 units), testing resistance near $2,530.
- A short-term pullback followed at 14:00, with price retracing to $2,508.02 amid continued heavy trading activity (4,043 units).
- The current hourly trading band between $2,508 and $2,522 suggests indecision, with market participants waiting for confirmation of the next move.
Outlook
If Ethereum can decisively break through the $2,530 ceiling, the path could open toward higher targets. But if the resistance holds, bulls may need to regroup around the $2,480–$2,500 support before the next attempt.
For now, institutional flows and strong technical support are giving ETH bulls plenty of reasons to stay in the race.
