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Ether Holds Steady Above $2,500 as ETF Demand Signals Institutional Confidence
ETH bounces from $2,460 as buying momentum returns, helped by strong ETF inflows and renewed interest from institutional investors.
Jun 7, 2025, 6:08 p.m.
What to know:
- ETH bounced 3% off $2,460 support, peaking near $2,532 before consolidating above $2,500, according to CoinDesk Research's technical analysis model.
- Trading volume surged during the recovery, confirming buyer momentum at key support.
- BlackRock’s ETHA ETF saw $492M in inflows last week, indicating strong institutional demand.
Ether has rebounded firmly from key support near $2,460, recovering losses and stabilizing above the $2,500 threshold amid broader market volatility.
The rally follows a higher low formation backed by above-average volume, signaling growing market confidence.
STORY CONTINUES BELOW
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Institutional participation appears to be reinforcing the trend, with BlackRock’s ETHA ETF reporting $492 million in net inflows last week.
Total holdings now exceed $4.84 billion, reinforcing long-term bullish sentiment even as price action remains sensitive to geopolitical developments.
Traders are watching to see if ETH can challenge resistance in the $2,520–$2,530 range.
Technical Analysis Highlights
- ETH traded within a $72 range over 24 hours, from a low of $2,460.35 to a high of $2,532.41.
- A key support zone formed at $2,460–$2,470, where ETH bounced on strong volume during midnight hours.
- Final hour surge reached $2,515.11, backed by 5,919 ETH in volume.
- Higher low structure established with interim support at $2,485 and resistance at $2,503.
- Final retracement held support at $2,507, with price consolidating around $2,510 into the close.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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