Ethereum (ETH) rebounded 1.7% from its intraday bottom as buyers reasserted control, with rising trading volumes signaling a potential bullish shift above key support levels.
Despite ongoing global economic challenges, ETH remains resilient, holding steady above the crucial $2,500 mark amid heightened market volatility.
The cryptocurrency surged from a low of $2,472.84 to an intraday high of $2,547.92, currently trading near $2,514. The price action shows a consistent pattern of higher lows, driven by strong buying interest in the $2,486 to $2,490 support zone.
Market jitters, fueled by escalating U.S.-China trade tensions and climbing U.S. Treasury yields, have pressured risk assets, but Ethereum has outperformed many peers.
Institutional demand continues to support the token, with spot ETF inflows hitting $3 billion over the past three weeks, signaling steady investment from large-scale players.
While resistance around $2,550 caps short-term gains, the price action suggests robust buyer conviction amid macroeconomic uncertainty.
Technical Analysis Recap
- Ethereum traded within a 24-hour range of $67.47 (2.72%), rebounding mid-session from $2,472.84 to $2,547.92.
- The $2,486–$2,490 zone provided strong support, confirmed by increased volume during the early hours.
- Profit-taking near $2,540–$2,547 limited further upside temporarily.
- A decisive bounce from $2,488, accompanied by 172,137 ETH traded, maintained bullish momentum through consolidation phases.
- ETH climbed from $2,506.05 to $2,515.16 in the final hour, supported by solid volume (4,730 ETH), establishing an uptrend.
- A slight retreat to $2,502.42 was quickly met by buyers defending the $2,504–$2,506 level.
- Renewed strength late in the session pushed ETH back near $2,514, highlighting persistent buying interest despite earlier volatility.
