Ethereum continues to demonstrate remarkable resilience in the midst of growing economic headwinds and maintains its foot over $ 2,500 support levels despite intensified market volatility.
Asset rebound sharply from $ 2,472.84 to a session high of $ 2,547.92, with price currently almost $ 2,514. Technical Momentum remains intact when higher low lower persists, supported by a strong demand around $ 2,486- $ 2,490 zone.
Merchant tensions between the United States and China and the recent increase in the US Ministry of Finance’s yields have weighed heavily on risk assets, but Ethereum has remained relatively well.
Meanwhile, SPOT ETF has added a wind, with $ 3 billion in net investments in the last three weeks pointing to sustained institutional interest.
While the upside remains uncovered by resistance near $ 2,550, ETH’s price action reflects solid buyer oversight in the midst of macrous certainty.
Technical analysis highlights
- Ethereum exhibited a remarkable 24-hour range of $ 67.47 (2.72%), with price action marked with a mid-way recovery of $ 2,472.84 to a highlight of $ 2,547.92.
- The asset established strong support for $ 2,486- $ 2,490 zone, confirmed by volume above average within 03:00 hours.
- The resistance occurred near $ 2,540- $ 2,547, with consistent profit setting closed further up.
- A crucial jump from the $ 2,488 level, supported by 172,137 ETH in volume, reinforced bullish momentum despite consolidation of the session.
- ETH rose from $ 2,506.05 to $ 2,515.16 in the last hour and formed a clear increase between 07: 05–07: 18 supported by strong volume (4,730 ETH).
- A withdrawal to $ 2,502.42 held on, with bulls that stepped in to defend $ 2.504– $ 2,506 region and prevent a breakdown.
- The last minute was renewed strength, with ETH climbing back against $ 2,514, highlighting the ongoing purchase interest despite previous volatility.
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