Ethereum Reclaims Ground Above $2,500 as ETF Inflows and Institutional Demand Drive Recovery
Ethereum’s native token ETH regained upward momentum on Saturday, bouncing from a key support zone near $2,460 and pushing back above $2,500 amid renewed institutional interest and robust ETF inflows.
At the time of writing, ETH is trading at $2,484.68, recovering from recent lows and stabilizing within a broader consolidation range despite ongoing macroeconomic uncertainty. The rebound follows a higher low structure, supported by above-average trading volume, signaling renewed market confidence.
Driving the move is continued institutional involvement. BlackRock’s Ethereum ETF (ETHA) reported $492 million in net inflows over the past week, lifting total assets under management above $4.84 billion. The sustained capital inflows highlight growing long-term conviction among larger investors, even as price action remains vulnerable to shifting global sentiment.
Technically, ETH is now eyeing the $2,520–$2,530 resistance zone, a level traders are closely monitoring for a potential breakout.
Technical Analysis Snapshot:
- 24-Hour Range: ETH traded between $2,460.35 and $2,532.41, a $72 intraday spread.
- Support Zone: Strong bid interest emerged at $2,460–$2,470 during late-night trading.
- Volume Spike: A surge to $2,515.11 occurred in the final hour, backed by 5,919 ETH in volume.
- Chart Structure: Higher lows established, with interim support at $2,485 and resistance near $2,503.
- Closing Action: Final retracement held above $2,507, with price consolidating around $2,510 into the close.
While ETH’s short-term trajectory depends on how it navigates the $2,530 barrier, strong on-chain fundamentals and institutional accumulation continue to provide a supportive backdrop for bulls.
