Ethereum ETH has staged an impressive recovery in the past 24 hours, climbing 3.8% amid significant market volatility. The second-largest cryptocurrency found solid support at $2,530, where exceptional trading volume (242,521 ETH) created a clear bottoming pattern. This was followed by a decisive breakout during the early trading hours, supported by massive volume surges exceeding 550,000 ETH that pushed prices above key resistance levels. The recent price action confirms a short-term trend reversal, with ETH now trading above $2,575 after establishing new local highs. Institutional interest remains robust, with spot Ethereum ETFs recording $248 million in total net inflows over the past week, suggesting growing confidence from larger investors despite relatively subdued retail participation. Market analysts point to the $2,800 level as a critical resistance zone where many investors who previously bought at that level may look to exit at break-even. However, with ETH breaking out of its recent consolidation pattern and the broader crypto market showing signs of strength, bulls are now targeting the $2,650-$2,745 range as the next significant hurdle. Technical Analysis A clear bottoming pattern formed during the 01:00 hour with exceptionally high volume (242,521 ETH), establishing strong volume support. A decisive breakout occurred during the 06:00-07:00 hours with massive volume surges (553,348 ETH and 221,502 ETH respectively). The price action showed three distinct phases: initial consolidation (07:04-07:29), powerful breakout (07:30-07:32) with high volume spikes exceeding 7,000 ETH per minute, and sustained uptrend. The $2,600 level is now established as a new support zone with momentum indicators suggesting potential for further upside toward $2,650. High-volume support at $2,530 now serves as a critical floor for any retracements. This technical analysis was conducted according to CoinDesk s research model analysing CoinDesk Data 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 . External References Bitcoin Sistemi, Ethereum (ETH) Continues Bullish Momentum – What’s Next? Here Are the Details , published May 26, 2025. CryptoPotato, Interesting Ethereum (ETH) Price Predictions as of Late , published May 26, 2025. CryptoPotato, Ethereum’s (ETH) Quiet Rally – Where Are the Retail Investors? , published May 26, 2025. NewsBTC, Ethereum Above $2,500 – Here’s Why Analysts Think $3,000 May Be Next , published May 27, 2025. CoinEdition, Ethereum Price Prediction for May 28 , published May 27, 2025.
