Ethereum Breaks $2,600! Investors Can’t Stop Celebrating 🎉🚀

by

What you need to pretend to understand:

  • ETH went on a little joyride from $2,478 all the way up to $2,651—then decided to chill at $2,617. Because, why not? 🤷‍♂️
  • Spot Ether ETFs bagged a sweet $321 million last week—basically the crypto version of hitting the lottery 🤑.
  • Exchange balances dipped to levels not seen in seven years—so basically, everyone’s pulling their crypto socks up for winter. ❄️

Ether decided to put on its party hat Monday, thanks to institutional demand throwing a rave while exchange stock took an inexplicable nosedive. The token hit a high of $2,650.18—then casually relaxed back to about $2,617. Because even money enjoys a little break, right?

Despite this minor mood swing, ETH is still one of the week’s top performers—mainly because $321 million slobbered into ether-linked investments, which is basically half the budget of a small country. That’s the biggest weekly influx since December, proving investors are more optimistic than a cat in a laser pointer factory.

Plus, the decline in ETH on centralized exchanges is like everyone finally realizing holding your crypto in your mattress is a bad idea. Self-custody FTW! 📈

Technical Analysis Highlights (or what “the analytics guys” pretend to understand):

  • ETH traded within a $172.87 range over 24 hours, peaking at $2,650.18—still a nice number to throw around at dinner parties.
  • It breezed past resistance at $2,550 with a cool 288,000 ETH traded—making it look like the popularity contest it truly is.
  • Prices are comfortably sitting above $2,600 after a tiny dip, like a surfer catching a wave and pretending it was the plan all along.
  • Support walls are forming around $2,610–$2,615, with bulls rallying like they just found a free buffet.
  • A lightning-fast volume spike at 07:58 (check out the chart!) briefly knocked it down to $2,609—because apparently, free markets love to prank us.
  • The overall trend? Still bullish. Think of it like your favorite sitcom—higher lows, and everyone’s still optimistic about the season finale.

Read More

2025-06-03 14:06