Ether
ETH$2,544.89
It has increased by 1.28% over the last 24 hours to $2,538.25. This shows that new data from Coinshares painted most of last week's digital assets, Eth, with an influx of $295 million each week. The surge brings monthly flow to $296 million and raises the total assets of managed Ethereum to $140.9 billion.
Technically, ETH recovered from previous weaknesses to retest the $2,540 resistance level after consolidating nearly $2,500, according to Coindesk Research's technical analysis model.
The recovery reflects new confidence among institutional investors supporting the net inflow of Spot ETFs on 15 straight trading days, according to Sosovalue. Combined with stable defi and staking growth, ETH appears poised to earn a profit if it can clear $2,540.
Technical Analysis Highlights
- ETH traded between $2,482.99 and $2,540.10 over the 24-hour range of 57.91 (2.31%)
- The main resistance held at $2,540 achieved around $2,483-$2,485
- At 08:02 breakout, the ETH surge was 1.33% on a volume of 8,337 units.
- Trading volume peaked at 253,612 ETH during a sharp reversal
- The price structure reflects a potential bullish flag with a golden cross between the 50-day and 200-day moving averages
- Integrations Over $2,520 suggest that buyers will continue to take control in the short term
Disclaimer: Some of this article was generated with the support of AI tools and reviewed by our editorial team to ensure accuracy and compliance with the standards. For more information, see Coindesk's complete AI policy.
