Ethereum (ETH) has staged a strong rebound from its recent low of $2,460, climbing back above $2,500 amid heightened market volatility. The recovery, supported by a higher low formation and increased trading volume, signals renewed investor confidence.
In the past 24 hours, ETH traded within a $72 range, bottoming at $2,460.35 and reaching a high of $2,532.41. A solid support zone has emerged between $2,460 and $2,470, where Ethereum saw heavy buying activity during late-night trading. The final hour of trading saw a sharp push to $2,515.11, backed by 5,919 ETH in volume, indicating strong short-term bullish sentiment.
Institutional interest continues to grow. BlackRock’s Ethereum ETF (ETHA) recorded $492 million in net inflows last week, pushing total holdings to over $4.84 billion. This surge in institutional participation reinforces long-term bullish momentum, even as Ethereum’s price remains sensitive to global macroeconomic and geopolitical events.
Currently, Ethereum is consolidating around $2,510, holding above interim support at $2,485 and resisting downward pressure near $2,503. The formation of a higher low structure suggests potential for further upside, with traders eyeing a breakout above the $2,530 resistance level.
As Ethereum hovers in a tight range, the market awaits confirmation of a sustained bullish trend. Strong fundamentals, continued ETF inflows, and resilient support levels point to increasing market conviction. However, ETH must clear near-term resistance zones decisively to maintain upward momentum.
With trading volume rising and institutional backing intensifying, Ethereum appears well-positioned to navigate short-term market turbulence while targeting higher levels in the days ahead.
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