PrinceofKHB
06/04 06:36
Ethereum Eyes Breakout as Price Holds Above $2,500
- Ethereum Eyes Breakout as Price Holds Above $2,500 and Resistance Nears $2,700
- Ethereum continues consolidating above $2,500, forming a bullish structure and testing the $2,700 resistance with weakening supply pressure.
- BlackRock shifted $561M from Bitcoin into Ethereum, buying $118.6M worth of ETH without selling since May 7.
- Ethereum user activity has surged 17% in one week, showing increased on-chain demand and reinforcing the current bullish setup.Ethereum still sits near a major resistance level at $2,700 and shows signs of a potential middle. Current price action shows extreme buying interest as ETH continues to hold above the $2,500 support level and is confirming ongoing bullish
Ethereum price holds above $2,500 as it consolidates near $2,700 resistance. Volume rises, RSI recovers, and institutions shift funds into ETH.
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