Strong Buying Momentum Pushes Ethereum Up After $2,477 Support Holds Firm

Ethereum (ETH) is regaining its footing after a brief dip to $2,477, driven by a surge in institutional flows and increased trading volume. As global market jitters continue to ripple across risk assets, Ethereum is holding firm within a crucial range, with bulls targeting a decisive move past the $2,530 resistance band.

Despite broader crypto volatility linked to trade policy tensions, ETH’s resilience is drawing attention. Spot Ethereum ETFs posted another day of positive inflows, signaling growing institutional conviction in the asset’s long-term potential.

Technical Overview:

• Ethereum’s daily range stretched nearly $100, peaking at $2,522.48 and bottoming at $2,477.40, marking a 3.5% swing.
• The midnight sell-off established strong buying interest, with nearly 291,000 ETH traded—three times the average hourly volume.
• Subsequent accumulation near the $2,470s during the 08:00 hour created a reinforced support zone.
• Bullish momentum reemerged during the afternoon session, pushing ETH to reclaim $2,515 before facing resistance at $2,521.79.
• A brief pullback followed, with ETH settling around $2,508 as traders assess short-term direction.

Macro Factors & Market Sentiment

The Ethereum rebound occurs in the context of elevated geopolitical risks, with U.S.-EU trade tensions putting pressure on markets. However, institutional investors appear to be treating the dip as a buying opportunity, as evidenced by robust ETF inflows and heavy spot market activity.

Looking Ahead

A clean break above $2,530 could trigger upside toward $2,580 and beyond. However, failure to hold above $2,477 would leave ETH vulnerable to a retest of lower support levels. For now, the market appears cautiously bullish, with Ethereum consolidating in a tight range as buyers and sellers vie for control.