Ethereum’s rebound from the $2,477 support level was driven by surging spot ETF inflows and heavy trading volume, signaling renewed institutional confidence. Analysts note that holding above this key price zone has created a bullish technical structure, with the next resistance at $2,530 potentially acting as a springboard toward $2,900 if breached decisively.
The market appears to be pricing in optimism around Ethereum’s ecosystem upgrades and regulatory clarity for crypto ETFs. While Bitcoin faced headwinds from macro factors like Trump’s tariff threats, Ethereum’s stronger fundamentals and lower leverage ratios helped it decouple from broader sell-offs.
Traders are closely monitoring on-chain metrics, including exchange outflows and staking activity, which suggest long-term holders are accumulating ETH. This contrasts with Solana’s recent institutional dumping, highlighting Ethereum’s relative stability amid shifting market dynamics.
