ETH’s Recovery Builds Strength Above $2,620 With Traders Eyeing $2,700

Ether is demonstrating renewed strength after bouncing from a crucial support zone near $2,584. The cryptocurrency recovered quickly from its recent dip, stabilizing above $2,620 as it absorbs broader macroeconomic pressures tied to ongoing US-China trade tensions and policy uncertainty. Despite these external headwinds, technical indicators remain constructive, and institutional demand continues to build. Weekly spot ETH ETF inflows have reached new 2025 highs, pointing to growing long-term conviction. The price structure has held firmly above key moving averages, with a sequence of higher lows in place since April, reinforcing market confidence. Analysts note that ether may be nearing a breakout should it decisively clear resistance at $2,650–$2,700. Technical Analysis Highlights ETH traded within a 24-hour range of $61.32 (2.37%), between $2,584.33 and $2,645.65. V-shaped rebound was confirmed by strong demand at $2,584, where hourly volume peaked at 169,933 ETH. A bullish rally during the 03:00 hour pushed price near $2,645 on 198,361 ETH volume. Ethereum stabilized around $2,629, forming a higher-low structure above prior support Strong buying interest emerged at the $2,625–$2,627 zone during the final hour of the session. A late-session volume spike (9,645 ETH at 07:25) validated renewed accumulation. Momentum remains constructive as ETH holds gains above $2,620 and builds toward $2,645 resistance.

Source: CoinDesk