You Won’t Believe How ETH Surges Past $2,620 — Is a Breakout Imminent?

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Crypto Chart with a bullish vibe

What to Know: The Crypto Comeback of the Century

  • Ether sparked a 2.4% leap off the cozy support at $2,584—like a cat springing from a sunny windowsill, forming a V-shaped bounce backed by a volume that’ll make your eyes water, according to the erudite CoinDesk Research.
  • ETF inflows are soaring to 2025 levels, proving that even in a world teetering on geopolitical ice skates, the institutional bigwigs are still throwing their weight behind crypto.
  • Resistance at $2,645 hangs like a sword of Damocles, as ETH paws its way above $2,620, merrily raising its lower lows like a boxer in training.

Our dear Ether is showing signs of a comeback, bouncing from the support zone near $2,584 with all the subtlety of a cricket match—only with more digital zeros.

It recovered faster than a debutante at a coming-out ball from a recent dip, now chilling comfortably above $2,620, all the while shrugging off the broader macroeconomic kerfuffles—trade tensions and policies — as if they were mere fleas on the tail of a wolfhound.

Despite the external stampedes, technical indicators are giving a thumbs up, and the institutional fat cats are still nibbling away, building confidence like an army of enthusiastic picnickers.

Weekly inflows into spot ETH ETFs have broken the 2025 ceiling, revealing a long-term conviction stronger than Aunt Agatha’s penchant for crazy hats.

The price chart remains as steady as a church mouse, holding above key moving averages with a series of higher lows since April, turning the market into a veritable fortress of confidence.

Analysts are whispering that ETH might be perched on the cusp of a breakout if it dares to storm past the resistance at $2,650–$2,700. Exciting times, old timer!

Technical Highlights That Make You Gasp

  • ETH traded within a 24-hour range of $61.32—think of it as a bustling street fair—in a band between $2,584.33 and $2,645.65.
  • The V-shaped rebound? Confirmed by demands at $2,584, where a staggering 169,933 ETH changed hands faster than a knighthood can be awarded.
  • A bullish rally at the 03:00 hour—probably fueled by a caffeinated trader—pushed the price near $2,645 with a volume of 198,361 ETH, making it a spectacle for the ages.
  • Ethereum cozying up around $2,629, has formed a higher-low structure like the crown jewel of a royal vault.
  • There was a surge of buying interest at the $2,625–$2,627 zone as the clock struck the final hour—because who doesn’t love a good rush before bedtime?
  • Late-session volume spike at 07:25 boasting 9,645 ETH—probably someone with a lot of digital chips—confirmed renewed accumulation, like ants at a picnic.
  • The momentum? Still as bullish as a Rover after a good walk, ETH keeps its gains above $2,620 and marches toward the Day of Reckoning at $2,645 resistance.

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2025-06-04 16:40