Ethereum (ETH) continues to show strength following a technical rebound, stabilizing above a key support zone near $2,620. The recovery comes despite broader macroeconomic uncertainty, highlighting the resilience of institutional demand and market structure.
Strong Rebound From $2,584 Support
Ether rallied 2.4% off a key support level at $2,584, forming a textbook V-shaped pattern that was confirmed by above-average trading volume. This movement reflects strong buyer conviction at lower levels, helping reinforce a bullish short-term structure.
ETH’s 24-hour trading range stretched between $2,584.33 and $2,645.65, with peak hourly volume exceeding 198,000 ETH during the rebound. The strongest buying pressure emerged between $2,625–$2,627, validating the support zone and setting the stage for further upside.
ETF Inflows Signal Institutional Conviction
Weekly spot Ethereum ETF inflows reached a new high for 2025, suggesting growing institutional interest in the asset class. These flows come at a time when geopolitical concerns, including U.S.-China tensions and global rate policy uncertainty, are causing broader market volatility.
Despite this backdrop, Ethereum has managed to hold firmly above key moving averages, reinforcing bullish sentiment and institutional confidence. Higher lows have formed consistently since April, pointing to an underlying accumulation phase.
Technical Outlook and Resistance Levels
The immediate technical focus is on the $2,645–$2,700 resistance zone. A confirmed breakout above this level could open the door to a broader bullish continuation, with analysts eyeing the next resistance near $2,750.
Volume spikes near the session close—including a notable 9,645 ETH trade at 07:25—suggest renewed accumulation as ETH consolidates gains.
ETH currently trades around $2,629, maintaining a healthy position within an ascending structure. Momentum indicators remain supportive, and the overall trend is constructive.
Conclusion
Ethereum’s rebound from $2,584 and sustained price action above $2,620 highlights growing confidence among traders and institutions. With ETF inflows rising and technical support intact, ETH appears poised for further upside, provided it clears the $2,650 resistance level.
If bullish volume continues, Ethereum may soon test the critical $2,700 mark, signaling renewed momentum in the altcoin market.
