Ethereum has demonstrated renewed strength, recovering quickly after a dip to a critical support level near $2,584. Currently holding steady above $2,620, the cryptocurrency is navigating broader economic pressures related to ongoing US-China trade tensions and policy uncertainties. Despite these factors, positive technical indicators and increasing institutional demand have bolstered market confidence.
Recent data indicates weekly spot ETH ETF inflows have hit a new high for 2025, suggesting a growing long-term belief in Ethereum’s potential. The price maintains a firm position above essential moving averages while establishing a series of higher lows since April. Analysts suggest the cryptocurrency might be on the verge of a breakout if it can effectively surpass the $2,650 to $2,700 resistance area.
In terms of recent trading activity, ETH recorded a 24-hour range of $61.32, moving between $2,584.33 and $2,645.65. Following a confirmed V-shaped rebound strengthened by robust demand at $2,584, where hourly trading volume peaked at 169,933 ETH, a bullish rally emerged around 3 AM, pushing prices to nearly $2,645 with a volume of 198,361 ETH. The latest trading session saw Ethereum stabilize around $2,629, supported by significant buying interest in the $2,625 to $2,627 range. A late-session surge in volume, with 9,645 ETH traded at 7:25 AM, confirmed renewed accumulation as momentum builds in attempts to surpass the resistance at $2,645.
Recent data indicates weekly spot ETH ETF inflows have hit a new high for 2025, suggesting a growing long-term belief in Ethereum’s potential. The price maintains a firm position above essential moving averages while establishing a series of higher lows since April. Analysts suggest the cryptocurrency might be on the verge of a breakout if it can effectively surpass the $2,650 to $2,700 resistance area.
In terms of recent trading activity, ETH recorded a 24-hour range of $61.32, moving between $2,584.33 and $2,645.65. Following a confirmed V-shaped rebound strengthened by robust demand at $2,584, where hourly trading volume peaked at 169,933 ETH, a bullish rally emerged around 3 AM, pushing prices to nearly $2,645 with a volume of 198,361 ETH. The latest trading session saw Ethereum stabilize around $2,629, supported by significant buying interest in the $2,625 to $2,627 range. A late-session surge in volume, with 9,645 ETH traded at 7:25 AM, confirmed renewed accumulation as momentum builds in attempts to surpass the resistance at $2,645.
