Ether
has returned solidly from important support in the vicinity of $ 2,460, repairing loss and stabilizing above the $ 2,500 threshold in the middle of wider market volatility.
The rally follows a higher low formation that is supported by the above -average volume, which indicates growing market confidence.
Institutional participation seems to strengthen the trend, with BlackRock’s ETH ETF reporting $ 492 million in net entry last week.
The total number of companies now exceed $ 4.84 billion, which strengthens the long -term bullish sentiment, even if price action remains sensitive to geopolitical developments.
Traders see if ETH can challenge resistance in the range of $ 2,520 – $ 2,530.
Technical analysis highlights
- ETH traded within a range of $ 72 for 24 hours, from a low of $ 2,460.35 to a high point of $ 2,532.41.
- An important support zone formed at $ 2,460 – $ 2,470, where ETH bounced on a strong volume during midnight hours.
- The last hour of peak reached $ 2,515.11, supported by 5,919 ETH in volume.
- Higher low structure set with interim support at $ 2,485 and resistance to $ 2,503.
- The last retracement supported $ 2,507, with price that consolidated around $ 2,510 in the end.
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