Ether
has the rebet fixed from key support near $ 2,460, and recovered losses and stabilization over the threshold of $ 2,500 in the middle of wider market volatility.
The rally follows a higher low formation supported by volume above average, signaling growing market scope.
Institutional participation seems to reinforce the trend in which Blackrocks ETHA ETF reports $ 492 million in net offsets last week.
The total holdings now exceed $ 4.84 billion, strengthening the long -term bullish mood, even when the price action remains sensitive to geopolitical development.
Dealers are watching to see if ETH can challenge the resistance in the range $ 2,520- $ 2,530.
Technical analysis highlights
- ETH traded within a range of $ 72 over 24 hours from a low level of $ 2,460.35 to a high of $ 2,532.41.
- An important support zone formed at $ 2,460- $ 2,470, where ETH jumped on strong volume in midnight hours.
- The last hour’s wave reached $ 2,515.11, supported by 5,919 ETH in volume.
- Higher low structure established with temporary support for $ 2,485 and resistance to $ 2,503.
- Finally Retracement held support for $ 2,507, with the price consolidated around $ 2,510 in the closure.
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