The ether demonstrates new strength after bounces back from a critical support zone of nearly $2,584.
Cryptocurrency has recovered quickly from recent DIP and has stabilized above $2,620 as it absorbs the wider macroeconomic pressures associated with ongoing US-China trade tensions and policy uncertainty.
Despite these external headwinds, technical indicators remain constructive and institutional demand continues to be built.
The weekly influx of spot ETH ETFs has reached a new 2025 high pointing to a growing long-term conviction.
The price structure has been in place since April to achieve higher and lower prices, strengthening market confidence and firmly above the main moving averages.
Analysts should note that if they decisively clear the resistance between $2,650 and $2,700, the ether may be approaching a breakout.
Technical Analysis Highlights
- ETH traded at $2,584.33 and $2,645.65 within the 24-hour range of $61.32 (2.37%).
- The V-shaped rebound was confirmed by strong demand of $2,584, with hourly volume peaking at 169,933 ETH.
- Bullish rally at 03:00 hour push price, close to $2,645 on 198,361 ETH volume.
- Ethereum stabilizes at around $2,629 and forms a higher decreasing structure than previous support
- During the final hours of the session, strong purchase rights were created in the $2,625-$2,627 zone.
- We examined the updated accumulation of late session spikes (9,645 ETH at 07:25).
- The momentum remains constructive as ETH holds profits above $2,620 and builds towards a $2,645 resistance.
