Ethereum Rises 4% on Increased Volume Fueled by Expanding Institutional Participation

Ethereum (ETH) surged 3.8% in the last 24 hours, recovering strongly from a low of $2,513 to trade above $2,575 amid heightened market volatility. The cryptocurrency found solid footing at $2,530, where exceptional trading volume of 242,521 ETH established a clear support level.

This was followed by a breakout in early trading, driven by massive volume spikes exceeding 550,000 ETH, pushing prices past key resistance. The move confirms a short-term reversal, with ETH targeting the $2,650–$2,745 range as the next resistance zone.

Institutional demand remains robust, with spot Ethereum ETFs registering $248 million in net inflows over the past week. Analysts note $2,800 as a critical resistance point, where profit-taking may occur.

Key technical levels include a new support zone at $2,600 and a volume-backed floor at $2,530, providing a foundation for further gains if market momentum holds.