ETH Rallies Sharply Off $2,477 Support as Buyers Flood Market

Ethereum (ETH) showed resilience this weekend, rebounding sharply from the $2,477 support level amid surging trading volumes and continued inflows into spot ETH ETFs, signaling that institutional buyers are stepping in during moments of market uncertainty.

While the broader crypto market remains under pressure due to macroeconomic headwinds and U.S.–EU trade tensions, ETH has managed to maintain a bullish posture within a key range, with investors now watching whether it can break through the immediate resistance around $2,530.

Key Technical Developments

Ethereum’s 24-hour trading window saw a volatile $99.85 swing, indicative of growing market interest.
Heavy selling pressure around midnight pushed ETH to a session low of $2,477.40, which was immediately met with high-volume buying.
The support zone between $2,467 and $2,480 attracted significant accumulation, especially between 08:00 and 09:00, highlighting a strong buyer presence.
ETH climbed steadily back to the $2,515 mark, suggesting a potential trend reversal.
A brief surge to $2,521.79 occurred at 13:35 on a volume spike of nearly 5,839 ETH, indicating increased bullish conviction.
However, a quick pullback followed at 14:00, with ETH dropping to $2,508.02 amid sustained activity, suggesting the market remains cautious.

ETF Flows and Market Sentiment

Despite the turbulence, spot ETH ETFs have recorded steady inflows over the past several sessions, reinforcing investor confidence in Ethereum’s long-term fundamentals. This trend suggests that institutional players are using dips as accumulation opportunities.

Outlook

As ETH consolidates between $2,508 and $2,522, the $2,530 resistance zone remains the key level to watch. A breakout could open a path toward $2,580 or higher, while failure to gain momentum may see ETH retesting the $2,480 region.

For now, Ethereum’s ability to attract institutional support while holding critical technical levels paints a cautiously bullish picture—especially in an otherwise jittery market.