Ether (ETH)
The growth of 1.28% in the past 24 hours to $2,538.25. This is new Data from Coinshares It shows that Eth has flowed in $295 million per week, the most of all digital assets last week. The surge brought the latest traffic to $296 million in the month and increased Ethereum’s total assets to $14.09 billion.
Technically, ETH rebounded from an earlier weakness to a $2,540 resistance level after the merger was close to $2,500, according to Coindesk Research’s technical analysis model.
Recovery reflects renewed confidence among institutional investors who have now supported the 15 trading days of net inflow of spot ETFs According to Sosovalue. Combined with stable Defi and Staking Growth, ETH seems to clear $2,540 firmly.
Technical analysis highlights
- ETH trades at $57.91 (2.31%), between $2,482.99 and 2,540.10
- Key resistance is $2,540, while support formation is about $2,483-$2,485
- In the 08:02 breakthrough, ETH surged by 1.33%, with 8,337 units of volume
- During a sharp reversal, trading volume reached a peak of 253,612 ETH
- The price structure reflects the potential bullish flag with a golden cross between the 50-day and 200-day moving average
- Mergers above $2,520 indicate buyers are still controlling for the short term
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full How leafy are you.
