ETH remains strong at the $2570 level, with active institutional holdings.

2025-06-16 02:43:22

Gate News bot message, Ether (ETH) is currently trading at a price that has broken through $2570, showing strong resilience amid market turmoil triggered by escalating geopolitical risks. According to CoinDesk Research's Technical Analysis model, ETH quickly rebounded after briefly falling to $2491.72, closing higher on Sunday with trading volume above average, confirming the key support level near $2500.

Technical indicators show that ETH's momentum has recovered, supported by the double bottom pattern and significant buy orders around the $2530 mark. According to CoinGlass, as of June 16 at 6:05 PM UTC, the value of ETH's open contracts is $35.36 billion, indicating active institutional positions.

However, according to data from Farside Investors, the Ethereum spot ETF listed in the United States saw a net outflow of $2.1 million on Friday, ending a record inflow streak of 19 days. Nevertheless, ETH remains within the range of $2,500 to $2,800, indicating that the current bullish sentiment is still intact.

CoinDesk points out the key points of Technical Analysis, with ETH forming a double bottom structure around $2495 to $2510 under above-average Trading Volume support.

The resistance level is at $2553, but the strong hourly closing price indicates a new growth momentum.

Source: CoinDesk

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