Ethereum rose more than 4%, with significant net inflows into institutional ETFs, and technical breakthroughs became stronger

PANews
PANews
ETH+3.43%

PANews reported on May 27 that according to CoinDesk, ETH rebounded more than 4% from a low of $2,513 in the past 24 hours, rising as high as $2,658, and the trading volume surged to 550,000 ETH, forming a clear volume breakthrough. Benefiting from spot Ethereum ETFs that continue to attract institutional funds, net inflows reached $248 million this week, with BlackRock ETHA contributing $136 million. The technical picture shows that the price has broken out of the descending triangle and the support zone has risen to $2,600, with a short-term target range of $2,650-$2,745. Market confidence has rebounded, and a bull market structure has emerged.

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