Ethereum Rise Higher With Confidence: No Signs of Collapse

Bankr, in a recent update, pointed out that Ethereum is maintaining its upward momentum, supported by high trading volume and a more favorable news environment. Although sudden volatility may arise from macroeconomic events, Bankr believes that the overall trend remains intact, as long as $2,510 is held. Ethereum 3-Day Price Trend Action Analyzing the price action over the past 72 hours, Bankr recorded a slight upward trend over the three days. ETH started at around $2,535, surged to $2,598, and is currently holding at around $2,571 — an increase of about +1.5% during this period. The strongest surge occurred on Sunday night when ETH rose by $50 in one hour with the highest volume of the week. Since then, the price has been consolidating in a tight range of $2.565–$2.585. On the candle side, higher lows can be seen at $2.506, $2.512, $2.540, and $2.560, indicating that buyers are stepping in a bit earlier at each dip.

When considering simple indicators, Bankr notes that the 20-hour moving average is around $2,565, with the price sitting just above this line — a slight positive sign. The 50-hour moving average is around $2,538 and still shows a downward trend, while the candles remain above $2,540. For momentum, a quick RSI-style test shows that ETH hit an overbought level during the spike at $2,598, then dropped to a neutral level (50–55), setting the stage for another bullish rally. For the key levels, Bankr has outlined support at $2,550 ( recent pivot level ), $2,510 ( volume-based support level ), and $2,480 ( weekly support level ). On the resistance side, the levels to watch include $2,590–$2,600 ( recent highs ) and $2,625 ( monthly highs 3). News Impact and Game Plan While Ethereum is surging, stronger-than-expected U.S. job reports often act as a headwind, as they imply that the Fed may stay tuned. However, Bankr notes that cryptocurrencies seem to be ignoring it, thanks to a solid risk appetite that is maintaining momentum despite macro pressures. Politically, Bankr emphasizes that the "Cryptocurrency Week" in the United States next week at Congress, combined with the government’s supportive stance towards cryptocurrencies, is boosting sentiment. Traders are now positioning themselves ahead of potential developments, including clearer regulatory direction and discussions around ETFs related to ETH, both of which help boost confidence. In terms of industry dynamics, Bankr points out the continuous accumulation of organizations from players like Metaplanet. Additionally, Bankr mentions the recent USDC burn, reflecting responsible supply management and supporting a more constructive context for Ethereum. Sketching a flexible approach, Bankr points out the accumulation of dips, placing limit buy orders in increments at $2.555, $2.535, and $2.505 in case of sudden changes. For breakout trading, if ETH closes an hourly candle above $2.600, consider entering or adding with a short-term target at $2.625–$2.650 and setting a stop-loss just below $2.580. As a protective exit, if ETH falls below $2,510 with increased volume, momentum may change, reducing exposure or using a stop order at $2,495 may help limit withdrawals. For taking profits, Bankr suggests scaling down positions partially at $2,590 and once again near $2,625, while leaving one runner in case the summer rally extends to $2,700.