Ethereum Surges After Holding $2,477, Fueled by Very Heavy Trading Volume

2025-5-27 19:25

Global economic tensions and trade disputes continue to influence cryptocurrency markets, with ETH showing resilience despite broader market uncertainty.

The second-largest cryptocurrency is currently navigating a critical technical zone between $2,500-$2,530, which analysts identify as immediate resistance that must be overcome for continued upward movement.

Institutional interest remains strong, with spot Ethereum ETFs recording consecutive days of positive inflows, signaling growing confidence from larger investors despite the recent volatility.

Technical Analysis Highlights

24-hour ETH price action revealed a substantial 3.5% range ($99.85).Sharp sell-off during midnight hour saw price plummet to $2,477.40, establishing a key support zone.Extraordinary volume (291,395 units, nearly 3x average) confirmed the significance of the support level.Buyers stepped in at the $2,467-$2,480 support band, confirmed by high-volume accumulation during the 08:00-09:00 period.Recent price action shows bullish momentum with ETH reclaiming the $2,515 level.Potential higher low pattern suggests the correction may have found its bottom.$2,520-$2,530 area remains the immediate resistance to overcome for continued upward movement.Significant bullish surge at 13:35 saw price jump from $2,515.85 to $2,521.79, accompanied by exceptional volume (5,839 units). Sharp reversal occurred at 14:00, with price dropping 5.07 points to $2,508.02 on heavy volume (4,043 units).Hourly range of 14.46 points ($2,508.02-$2,522.48) demonstrates market indecision.

External References

"Ethereum Holds Above Key Prices – Data Points To $2,900 Level As Bullish Trigger", NewsBTC, published May 24, 2025."Ethereum Forms Inverse H&S – Bulls Eye Breakout Above $2,700 Level", Bitcoinist, published May 25, 2025."Ethereum Price Analysis: Is ETH Primed for a ‘Healthy’ Correction?", CryptoPotato, published May 25, 2025.

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Изменеия 24h: 0.10 %, 7d: 0.11 %
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477 ethereum volume rising inflows bulls breakout

477 ethereum → Результатов: 13


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