coindesk.com
Ether is demonstrating renewed strength after bouncing from a crucial support zone near $2,584.
The cryptocurrency recovered quickly from its recent dip, stabilizing above $2,620 as it absorbs broader macroeconomic pressures tied to ongoing US-China trade tensions and policy uncertainty.
Despite these external headwinds, technical indicators remain constructive, and institutional demand continues to build.
Weekly spot $ETH ETF inflows have reached new 2025 highs, pointing to growing long-term conviction.
The price structure has held firmly above key moving averages, with a sequence of higher lows in place since April, reinforcing market confidence.
Analysts note that ether may be nearing a breakout should it decisively clear resistance at $2,650–$2,700.
Technical Analysis Highlights
- $ETH traded within a 24-hour range of $61.32 (2.37%), between $2,584.33 and $2,645.65.
- V-shaped rebound was confirmed by strong demand at $2,584, where hourly volume peaked at 169,933 $ETH.
- A bullish rally during the 03:00 hour pushed price near $2,645 on 198,361 $ETH volume.
- Ethereum stabilized around $2,629, forming a higher-low structure above prior support
- Strong buying interest emerged at the $2,625–$2,627 zone during the final hour of the session.
- A late-session volume spike (9,645 $ETH at 07:25) validated renewed accumulation.
- Momentum remains constructive as $ETH holds gains above $2,620 and builds toward $2,645 resistance.