ETHBullishMomentum

Ethereum (ETH) has demonstrated resilience, bouncing back from intraday lows and maintaining a position above the critical $2,500 support level. This movement suggests a potential bullish shift, even amidst broader market volatility.
Key Highlights
Intraday Recovery: ETH dipped to a low of $2,472.84 but rebounded to a high of $2,547.92, stabilizing near $2,514.Strong Support Zone: The $2,486–$2,490 range held firm, bolstered by above-average buying volume, indicating robust investor interest.Institutional Inflows: Over the past three weeks, spot Ethereum ETFs have seen inflows totaling $3 billion, reflecting growing institutional demand.Technical Momentum: The formation of higher lows and sustained buying pressure suggest a continuation of bullish momentum.
Technical Analysis
Price Range: ETH experienced a 24-hour range of approximately $67.47 (2.72%), highlighting significant intraday volatility.Resistance Levels: Profit-taking activities have established resistance near the $2,540–$2,547 range.Volume Insights: A notable volume of 172,137 ETH supported the bounce from $2,488, reinforcing the bullish sentiment.Late-Session Activity: In the final trading hour, ETH surged from $2,506.05 to $2,515.16, supported by a volume of 4,730 ETH, indicating renewed buying interest.
Market Context
Despite global economic uncertainties, including trade tensions and rising U.S. Treasury yields, Ethereum's ability to maintain its position above $2,500 showcases its strength. The consistent inflow into spot ETFs further underscores the asset's appeal to institutional investors.
Current ETH Price Snapshot
Current Price: $2,519.1624-Hour Change: +0.52%Intraday High: $2,544.17Intraday Low: $2,482.44
Conclusion
Ethereum's recent price action, characterized by a strong rebound and sustained support above $2,500, indicates a potential bullish trend. While challenges remain, the asset's resilience and growing institutional interest position it favorably in the current market landscape.

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📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.