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ETH's Recovery Builds Strength Above $2,620 With Traders Eyeing $2,700
Despite macro uncertainty, ether bounced off key support with high volume, helping reinforce bullish structure above $2,620.
Jun 4, 2025, 12:49 p.m.
What to know:
- Ether rallied 2.4% off support at $2,584, forming a V-shaped pattern confirmed by above-average volume, according to CoinDesk Research's technical analysis data model.
- ETF inflows reached a 2025 high, signaling sustained institutional demand despite geopolitical volatility.
- Resistance at $2,645 remains key as ether consolidates above $2,620 with higher lows forming.
Ether is demonstrating renewed strength after bouncing from a crucial support zone near $2,584.
The cryptocurrency recovered quickly from its recent dip, stabilizing above $2,620 as it absorbs broader macroeconomic pressures tied to ongoing US-China trade tensions and policy uncertainty.
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Despite these external headwinds, technical indicators remain constructive, and institutional demand continues to build.
Weekly spot ETH ETF inflows have reached new 2025 highs, pointing to growing long-term conviction.
The price structure has held firmly above key moving averages, with a sequence of higher lows in place since April, reinforcing market confidence.
Analysts note that ether may be nearing a breakout should it decisively clear resistance at $2,650–$2,700.
Technical Analysis Highlights
- ETH traded within a 24-hour range of $61.32 (2.37%), between $2,584.33 and $2,645.65.
- V-shaped rebound was confirmed by strong demand at $2,584, where hourly volume peaked at 169,933 ETH.
- A bullish rally during the 03:00 hour pushed price near $2,645 on 198,361 ETH volume.
- Ethereum stabilized around $2,629, forming a higher-low structure above prior support
- Strong buying interest emerged at the $2,625–$2,627 zone during the final hour of the session.
- A late-session volume spike (9,645 ETH at 07:25) validated renewed accumulation.
- Momentum remains constructive as ETH holds gains above $2,620 and builds toward $2,645 resistance.
AI 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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