According to @doctortraderr, Ethereum (ETH) is demonstrating significant resilience by trading above the key $2,500 support level despite recent market volatility. Technical analysis indicates renewed momentum, supported by a double-bottom formation near $2,495–$2,510 and strong intraday buying. Data from CoinGlass shows ETH open interest at $35.36 billion, signaling active institutional positioning. This bullish sentiment persists even as U.S.-listed spot Ethereum ETFs experienced $2.1 million in net outflows, breaking a 19-day inflow streak, according to Farside Investors. Further supporting the positive outlook, a report from Etherealize, titled "The Bull Case for ETH," argues that Ethereum is the essential settlement layer for the future of onchain finance, dubbing ETH "digital oil." The report highlights that Ethereum already supports over 80% of all tokenized assets. For traders, continued buying pressure could push ETH towards the $2,575–$2,600 resistance zone in the short term.

According to @rovercrc, Ethereum (ETH) is showing strong resilience, defending the critical $2,500 support level while consolidating in a tight range between $2,500 and $2,540. Technical analysis indicates this consolidation, marked by decreasing volume, suggests accumulation by traders. A key bullish signal on the horizon is a potential 'golden cross,' where the 50-day moving average could cross above the 200-day moving average, an event historically preceding upward trends. Strong volume support has formed a technical floor between $2,490-$2,500, repelling multiple downside tests. While U.S. spot Ethereum ETFs saw a minor outflow, ending a 19-day streak, institutional open interest remains high at over $35 billion, signaling active positioning, as per CoinGlass data. Further bolstering bullish sentiment, a report from Etherealize describes ETH as 'digital oil' and the foundational settlement layer for a future global digital economy, arguing it is currently underpriced relative to its long-term utility.