Ethereum continues to demonstrate responsive resilience amid rising economic headwinds, maintaining its foothold above the $2,500 support level despite strengthening market volatility.
The assets recovered sharply from $2,472.84 to a session-high of $2,547.92, and are now held close to $2,514. The technical momentum remains as the higher bass continues, supported by strong demand over the $2,486-$2,490 zone.
Trade tensions between the US and China and recent US Treasury yields have weighed heavily on risky assets, but Ethereum has been held relatively well.
Meanwhile, the influx of Spot ETFs adds Tailwind, with a net investment of $3 billion over the past three weeks pointing to sustainable profits from the scheme.
Although it remains upwards by resistance of nearly $2,550, ETH's price action reflects the conviction of a solid buyer amid macro uncertainty.
Technical Analysis Highlights
- Ethereum showed a prominent 24-hour range of $67.47 (2.72%), characterised a price action from a daytime recovery peaking at $2,472.84 to $2,547.92.
- The asset established strong support in the $2,486-$2,490 zone confirmed at above average volume at 03:00 hours.
- Resistance appeared near $2,540-2,547. There, consistent profit acquisitions rose even further.
- The decisive bounce from the $2,488 level was backed by 172,137 ETH, which strengthened the bullish momentum, despite late-session integration.
- ETH surged from $2,506.05 to $2,515.16 in the final time, forming a clear uptrend between 07:05–07:18 supported by strong volumes (4,730 ETH).
- The pullback to $2,502.42 is being intervened by the Bulls to protect the $2,504-$2,506 area and prevent breakdowns.
- In the final minutes, ETH returned to $2,514, showing the renewed strength of ETH, highlighting its continued right to purchase despite previous volatility.
External reference
- “Ethereum price analysis: Will ETH be dumping to $2K next, as momentum is fading?”
- “Ethereum pulls back 10%, but retains monthly profits. Do you have the following pumps?”, NewsBTC, published on June 1, 2025.
