Ether (ETH) price has recovered from a major support zone around $2.460 and remains stable above the $2.500 level. Despite market volatility, confidence is growing, especially from an institutional perspective.
The recovery follows a rising trend with higher lows, indicating increasing confidence among investors. A notable development is the strong inflow into the ETHA ETF van BlackRock, with $492 million in new investment in just one week.
Total assets under management in this ETF now exceed $4,84 billion, underscoring the long-term positive outlook. However, the price remains sensitive to geopolitical tensions.
Investors are closely monitoring whether ETH can break the resistance between $2.520 and $2.530.
ETH moved in a range of $72 within 24 hours, between $2.460,35 and $2.532,41.
Strong support was found around $2.460–$2.470, where the price rose on high volume.
In the last hour, ETH rose to $2.515,11 with a trading volume of 5.919 ETH.
A higher lows pattern has been confirmed, with intermediate support at $2.485 and resistance at $2.503.
The price closed around $2.510 after a minor pullback to support at $2.507.
Why has Ether's price remained above $2.500?
Thanks to a recovery from $2.460 and confidence from major investors, especially through BlackRock's ETF.
What does ETF inflow say about market sentiment?
The inflow of almost $500 million in one week shows strong institutional confidence in Ether.
What do traders expect in the short term?
They are looking to see if ETH can break the resistance between $2.520 and $2.530 for further upside.