Ether has made a strong bounce back from a crucial support level near $2,460, gaining momentum and holding steady above the $2,500 mark amid ongoing market turbulence. This recent rally is supported by a higher low pattern on increased trading volume, indicating growing investor confidence. Institutional investors are playing a key role in this trend, highlighted by BlackRock’s ETHA ETF recording $492 million in net inflows last week, bringing its total holdings to over $4.84 billion. This influx signals a long-term bullish outlook for Ether, even as the market remains sensitive to geopolitical events. Traders are now keenly watching whether ETH can push past resistance in the $2,520–$2,530 zone.
Technical Highlights:
– ETH traded within a $72 range over the past 24 hours, from a low of $2,460.35 to a high of $2,532.41.
– A strong bounce occurred from the support zone at $2,460–$2,470, with significant volume during late-night hours.
– The final surge pushed ETH to $2,515.11, with nearly 6,000 ETH traded during that move.
– A higher low formation is confirmed with support at $2,485 and resistance at $2,503.
– The last retracement held at $2,507, with the price stabilizing around $2,510 as the market closed.
Stay tuned as Ether tests key resistance levels, with market participants closely monitoring geopolitical influences and institutional moves that could shape its next move.
