Ethereum Breaks Out and Holds Above $2,600 Thanks to Surge in Spot ETF Activity

Ether Climbs Above $2,600 Amid Surge in Spot ETF Inflows, Bolstering Bullish Sentiment

Ether (ETH) sustained its gains Monday, holding steady above the $2,600 mark as inflows into spot ETH ETFs hit a yearly peak, reinforcing confidence in the cryptocurrency’s near-term prospects.

ETH reached an intraday high of $2,650.18 before settling near $2,617, according to data analyzed by CoinDesk Research.

The robust $321 million inflow into ether-focused ETFs—the largest weekly total since December—reflects renewed institutional appetite, even as short-term momentum faces some cooling.

Simultaneously, the quantity of ETH held on centralized exchanges dropped to a multi-year low, suggesting investors are increasingly withdrawing tokens to private wallets, signaling accumulation and a bullish outlook.

Technical Overview:

• ETH’s 24-hour price fluctuation spanned $172.87 (6.97%), hitting a peak of $2,650.18.
• Breaking above the critical $2,550 resistance level was supported by 288,000 ETH traded in volume.
• The price currently consolidates above $2,600, with a solid support zone between $2,610 and $2,615 defended by buyers.
• A sharp volume surge coincided with a temporary dip to $2,609, indicating strong buyer activity at that level.
• The overall trend remains positive, as ETH maintains higher lows and upward momentum.