ETH Holds Above $2,620 as Bulls Look to Reclaim $2,700 Threshold
Ethereum is showing signs of resilience after reclaiming the $2,620 level, with traders now watching closely for a move toward $2,700. The rebound follows a brief dip to $2,584 earlier in the session, which was quickly met with strong buying interest.
Intraday momentum peaked around 03:00 UTC, as ETH surged to $2,645 on the back of heavy trading volume, suggesting renewed conviction among bulls. Since then, price action has remained constructive, consolidating near $2,629 with higher lows forming—a sign of potential continuation.
Analysts point to increased activity in the $2,625–$2,627 zone, where recent buy-side volume has concentrated. The next key test lies between $2,645 and $2,700, a resistance range that has capped upside attempts in recent sessions.
Despite broader macroeconomic uncertainty, Ethereum’s technical posture has improved. Recent inflows into ETH-focused ETFs and sustained institutional interest are adding to the positive sentiment.
If price continues to hold above $2,620, the stage could be set for a breakout as bullish momentum builds into the week’s close.
