Ethereum (ETH) surged 1.7% from its intraday lows as buyers regained momentum, with rising volume signaling a potential bullish shift above key support levels.
Despite mounting economic challenges, ETH has shown impressive resilience, maintaining a strong hold above the crucial $2,500 support amid heightened market volatility.
The cryptocurrency bounced sharply from a low of $2,472.84 to reach a session peak at $2,547.92, currently stabilizing near $2,514. Technical indicators remain positive, with a series of higher lows supported by solid buying interest around the $2,486 to $2,490 range.
Global factors, including escalating U.S.-China trade tensions and a rise in U.S. Treasury yields, have pressured risk assets broadly. Yet, Ethereum’s performance stands out as comparatively robust in this environment.
Adding to the bullish narrative, spot ETF inflows have totaled $3 billion over the last three weeks, underscoring growing institutional demand.
While resistance near $2,550 limits immediate upside, ETH’s price action reveals strong buyer confidence despite macroeconomic uncertainties.
Technical Snapshot
- ETH traded within a 24-hour range of $67.47 (2.72%), recovering mid-session from $2,472.84 to $2,547.92.
- Support was firmly established in the $2,486–$2,490 zone, backed by elevated volume around 03:00.
- Resistance near $2,540–$2,547 triggered profit-taking, capping further gains temporarily.
- A robust bounce from $2,488 with 172,137 ETH traded reinforced bullish momentum amid later consolidation.
- In the final hour, ETH climbed from $2,506.05 to $2,515.16, forming a clear upward trend supported by strong volume (4,730 ETH).
- A slight pullback to $2,502.42 held steady, with bulls defending the $2,504–$2,506 range to prevent a drop.
- Renewed buying in the closing minutes pushed ETH back up near $2,514, highlighting sustained demand despite earlier swings.
