Ether (ETH) ETH is up 1.28% in the past 24 hours to reach $2,538.25. This comes as new data from CoinShares shows ETH drew in $295 million in weekly inflows, the most of any digital asset last week. The surge brings month-to-date flows to $296 million and lifts Ethereum’s total assets under management to $14.09 billion.
Technically, ETH rebounded from earlier weakness to retest the $2,540 resistance level after consolidating near $2,500, according to CoinDesk Research’s technical analysis model.
The recovery reflects renewed confidence among institutional investors, who have now supported 15 straight trading days of spot ETF net inflows according to SoSoValue. Combined with steady DeFi and staking growth, ETH appears poised to benefit if it can firmly clear $2,540.
Technical Analysis Highlights
- ETH traded in a 24-hour range of $57.91 (2.31%), between $2,482.99 and $2,540.10
- Key resistance held at $2,540 while support formed around $2,483-$2,485
- A breakout at 08:02 saw ETH surge 1.33% on 8,337 units of volume
- Trading volume peaked at 253,612 ETH during a sharp reversal
- Price structure reflects a potential bullish flag with a golden cross between the 50- and 200-day moving averages
- Consolidation above $2,520 suggests buyers remain in control short-term
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