Ether Stabilizes Above $2,500 Amid Strong ETF Inflows and Market Confidence
Ether (ETH) has rebounded from key support near $2,460, stabilizing above $2,500 amid market volatility. The recovery follows a higher low formation with increased volume, indicating market confidence.
Key points include:
- BlackRock’s ETHA ETF reported $492 million in net inflows last week.
- Total holdings exceed $4.84 billion, indicating long-term bullish sentiment.
- Traders are monitoring resistance at $2,520–$2,530.
Technical Analysis Highlights
- ETH traded within a $72 range over 24 hours, between $2,460.35 and $2,532.41.
- Support formed at $2,460–$2,470, with a bounce noted during midnight hours.
- A final surge reached $2,515.11, with 5,919 ETH in volume.
- Higher low structure established, with interim support at $2,485 and resistance at $2,503.
- Final retracement held support at $2,507, consolidating around $2,510 into the close.