ether
ETH$2,510.16
It recovers firmly from its main support of nearly $2,460, recovers losses and remains stable above the $2,500 threshold amid wider market volatility.
The rally shows increased market reliability following higher lower levels supported by above average volumes.
Institutional participation appears to be strengthening the trend as reported by BlackRock Etha ETF, which reported $492 million in net inflows last week.
Currently, its holdings exceed $4.844 billion, reinforcing long-term bullish sentiment, despite price action remaining sensitive to geopolitical development.
Traders are checking if ETH can challenge resistance in the $2,520-$2,530 range.
Technical Analysis Highlights
- ETH traded between $2,460.35 and $2,532.41 over a 24-hour period, within the $72 range.
- In the main support zone, formed at $2,460-$2,470, the ETH bouncing off at strong volume in the middle of the night.
- The final time surge reached $2,515.11, supported by a volume of 5,919 ETH.
- A higher and lower structure is established at $2,485 with interim support and $2,503 with resistance.
- The final retracement was supported at $2,507, with prices ending at around $2,510.
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