ETH Recovers Above $2,620 as Traders Target $2,700 Resistance
Ether shows renewed strength after bouncing from support near $2,584. The price stabilized above $2,620 despite macroeconomic pressures from US-China trade tensions and policy uncertainty.
Key points include:
- Weekly spot ETH ETF inflows reached new highs in 2025.
- ETH maintained a sequence of higher lows since April, reinforcing market confidence.
- Analysts suggest a potential breakout if resistance at $2,650–$2,700 is cleared.
Technical Analysis Highlights
- ETH traded within a 24-hour range of $61.32 (2.37%), between $2,584.33 and $2,645.65.
- A V-shaped rebound occurred with peak hourly volume at $2,584, reaching 169,933 ETH.
- A bullish rally pushed prices near $2,645 on a volume of 198,361 ETH.
- Ethereum formed a higher-low structure around $2,629 above prior support.
- Strong buying interest was noted at the $2,625–$2,627 zone during the final session hour.
- A late-session volume spike (9,645 ETH at 07:25) confirmed renewed accumulation.
- Momentum remains positive as ETH holds gains above $2,620 and approaches $2,645 resistance.