ETH Recovery Accelerates Above $2,620; Traders Watch for Break Toward $2,700

Ethereum Reclaims $2,620 Support as Bullish Momentum Builds Toward $2,700

ETH is regaining traction after bouncing off key support, posting a steady climb back above $2,620 and reinforcing its near-term bullish setup. The recovery follows a dip to $2,584, where strong demand emerged, triggering a sharp reversal on heavy volume.

During the 03:00 UTC hour, Ethereum spiked to an intraday high of $2,645 on a surge of nearly 200,000 ETH traded—marking the session’s most active buying window. Subsequent consolidation around $2,629 signals healthy market structure, with higher lows forming and price action tightening below resistance.

On-chain data indicates renewed accumulation around the $2,625–$2,627 zone, suggesting a buildup ahead of a potential breakout. Analysts are eyeing the $2,645–$2,700 range as the next resistance band to monitor, with a close above that level likely to open the door to further upside.

The broader macro backdrop remains mixed, but ETH’s ability to hold above $2,620 while drawing inflows into spot ETFs points to continued institutional interest.

With strong volume, rising demand, and a firm technical base, Ethereum appears poised for a test of $2,700 in the near term.