Ethereum breaks $2,550 resistance with a 5% gain fueled by strong institutional demand.

Ethereum is gaining traction once again, breaking above the pivotal $2,550 mark with strong upside momentum, despite an atmosphere of global economic uncertainty and mixed sentiment across broader markets.

The world’s second-largest cryptocurrency has formed a compelling bullish structure, rallying from its recent base near $2,480 and logging a fresh 24-hour high of $2,597 before cooling slightly. Analysts point to renewed demand at lower levels and increasing volume as confirmation of a potential move toward $2,800.

While macro headwinds linger, Ethereum’s price action suggests traders are confident in the asset’s near-term potential, particularly with on-chain data indicating active accumulation around $2,500.

Key Technical Developments:

• ETH maintained a consistent uptrend over the past day, with a clear sequence of higher lows and highs.
• A break through $2,550 was confirmed by strong buy-side volume during the 22:00–00:00 window.
• A notable surge in volume—over 178,000 ETH—was recorded during the early morning hours as ETH hit $2,597.
• The market saw a brief retracement to $2,554, likely driven by short-term profit-taking.
• Volatility spiked in the final hour of trading, with prices dipping sharply to $2,545.12 amid heavy activity.
• Support is now forming around the $2,548–$2,550 zone, creating a potential springboard for the next upward move.

Ethereum’s resilience stands out as many assets falter in the face of geopolitical and financial pressures. With buyers defending higher levels and technical signals aligning, ETH appears poised for a test of the $2,800 region in the sessions ahead.