Ether (eth)
has risen 1.28% over the last 24 hours to reach $ 2,538.25. This comes as new data from CoinShares shows that ETH Drew at $ 295 million in weekly influxes, most of any digital asset last week. Surge brings month-to-date flow to $ 296 million and lifts Ethereum’s total assets under management to $ 14.09 billion.
Technically rebounded ETH from previous weakness to try the $ 2,540 resistance level after consolidating near $ 2,500, according to Coindesk Research’s technical analysis model.
The restoration reflects renewed confidence among institutional investors who have now supported 15 even trade days with spot -etf -netto flow according to Sosovalue. Combined with steady defi and stacking growth, ETH looks ready to take advantage if it can clear $ 2,540.
Technical analysis highlights
- ETH acted in a 24-hour range of $ 57.91 (2.31%), between $ 2,482.99 and $ 2,540.10
- Key resistance held at $ 2,540 while the support formed about $ 2,483- $ 2,485
- A breakout at. 08:02 experienced ETH SURGE 1.33% on 8,337 volume units
- Trade volume topped at 253,612 ETH during a sharp reversing
- Price structure reflects a potential bullish flag with a golden crossing between 50- and 200-day movement average
- Consolidation over $ 2,520 suggests buyers remain in control in the short term
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
