ETH Stays Sturdy at $2,600 After $321M Spot ETF Surge

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Ether prolonged its rally Monday as institutional demand surged and alternate provide dropped to a multi-year low.

The asset climbed as excessive as $2,650.18 earlier than easing to round $2,617, the place it at present trades, in accordance with CoinDesk Analysis’s technical evaluation information mannequin.

Regardless of the minor retracement, ETH stays one of many best-performing main tokens this week, supported by $321 million in recent inflows into ether-linked funding merchandise. That’s the strongest weekly influx determine since December, reflecting mounting investor confidence in ether’s long-term worth.

Analysts additionally spotlight a drop in ETH held on centralized exchanges, which suggests a shift towards self-custody and accumulation.

Technical Evaluation Highlights

  • ETH logged a 24-hour vary of $172.87 (6.97%), peaking at $2,650.18.
  • Key resistance at $2,550 was breached with 288K ETH in buying and selling quantity.
  • Present worth motion exhibits consolidation above $2,600 after a modest pullback.
  • Help is forming round $2,610–$2,615, with bulls defending the $2,600 stage.
  • A pointy quantity spike at 07:58 (see chart) coincided with a short dip to $2,609.
  • Total pattern stays bullish as greater lows proceed to carry.





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