Ethereum Rebounds Above $2,500 Amid Market Volatility and Strong Demand
Ethereum remains stable above the $2,500 support level amid market volatility. Key highlights include:
- Price rebounded from $2,472.84 to a high of $2,547.92, currently near $2,514.
- Strong support established at the $2,486–$2,490 zone, confirmed by above-average trading volume.
- Resistance is noted around $2,540–$2,547 due to profit-taking.
- Decisive bounce from $2,488 backed by 172,137 ETH in volume reinforces bullish momentum.
- Final hour surge from $2,506.05 to $2,515.16 supported by strong volume (4,730 ETH).
- Pullback to $2,502.42 found support, preventing further declines.
- Renewed buying interest noted as ETH climbed back toward $2,514.
Institutional interest remains strong with $3 billion in net spot ETF inflows over the past three weeks, despite external economic pressures like US-China trade tensions and rising US Treasury yields.