Ether (ETH) remains elevated after recording its largest weekly inflow of 2025 into spot $ETH ETFs, boosting investor confidence despite signs of cooling momentum.
Ether (ETH) climbed 5.37% in the past 24 hours, reaching a peak of $2,650 before consolidating above the $2,600 level amid strong trading volumes.
Key Highlights
$ETH surged from $2,478 to $2,651 before settling around $2,617.
Spot Ether ETFs attracted $321 million in inflows last week — the highest of 2025.
Exchange-held ETH supply fell to a 7-year low, indicating rising long-term accumulation.
On Monday, Ether extended its rally driven by surging institutional demand and dwindling supply on centralized exchanges. According to CoinDesk Research’s technical analysis, ETH touched a high of $2,650.18 before a slight retracement to $2,617, where it currently trades.
Despite the modest pullback, Ether remains one of the top-performing major assets this week, supported by strong ETF inflows — the largest since December. The $321 million in net inflows signals growing confidence in Ether’s long-term prospects.
Additionally, analysts note a significant decline in ETH held on exchanges, which points to increasing self-custody trends and a bullish accumulation phase.
Technical Analysis
$ETH traded in a 24-hour range of $172.87 (6.97%), hitting a peak of $2,650.18.
Key resistance at $2,550 was broken, with 288K ETH in daily trading volume.
Price action shows consolidation above $2,600 following a minor dip.
Support is forming around the $2,610–$2,615 zone, with bulls actively defending the $2,600 level.
A sharp volume spike at 07:58 coincided with a brief pullback to $2,609.
The overall trend remains bullish, supported by consistent higher lows.