Ethereum has demonstrated resilience in the face of market volatility, sustaining its position above the $2,500 support level. The cryptocurrency saw a significant bounce from an intraday low of $2,472.84 to a high of $2,547.92, currently trading at around $2,514. Technical analysis indicates a stable demand zone between $2,486 and $2,490, bolstered by a surge in spot ETF inflows totaling $3 billion over the last three weeks, highlighting institutional interest.
The trading session marked a volatility range of $67.47 (2.72%) for ETH. Noteworthy price movements included a recovery in the midday session and a strong resistance ceiling near $2,540-$2,547, where profit-taking limited further gains. A notable consideration is that even amidst external pressures like trade tensions between the U.S. and China, along with rising U.S. Treasury yields, Ethereum has performed relatively well compared to other assets. An expert observation notes that "the current price action suggests a solid buyer conviction, sustaining price levels despite macro uncertainties."
Ethereum's latest price changes indicate robust trading activity with superior volume supporting the uptrend. A decisive bounce from the $2,488 level backed around 172,137 ETH helped reinforce the bullish sentiment while recent consolidation efforts in the market gridlock did not deter buyer interest, as evidenced by a push toward $2,514 in the final trading minutes. Investors are keeping an eye on the $2,550 resistance to gauge the next steps in Ethereum's price trajectory.
The trading session marked a volatility range of $67.47 (2.72%) for ETH. Noteworthy price movements included a recovery in the midday session and a strong resistance ceiling near $2,540-$2,547, where profit-taking limited further gains. A notable consideration is that even amidst external pressures like trade tensions between the U.S. and China, along with rising U.S. Treasury yields, Ethereum has performed relatively well compared to other assets. An expert observation notes that "the current price action suggests a solid buyer conviction, sustaining price levels despite macro uncertainties."
Ethereum's latest price changes indicate robust trading activity with superior volume supporting the uptrend. A decisive bounce from the $2,488 level backed around 172,137 ETH helped reinforce the bullish sentiment while recent consolidation efforts in the market gridlock did not deter buyer interest, as evidenced by a push toward $2,514 in the final trading minutes. Investors are keeping an eye on the $2,550 resistance to gauge the next steps in Ethereum's price trajectory.
