Ethereum rises over 4%, significant institutional ETF inflows, technical pattern breaks out and strengthens
On May 27, according to CoinDesk, ETH rebounded over 4% from a low of $2,513 in the past 24 hours, reaching a high of $2,658, with trading volume surging to 550,000 ETH, forming a clear breakout with increased volume. Benefiting from the continued attraction of institutional funds by spot Ethereum ETFs, the net inflow this week reached $248 million, with BlackRock ETHA contributing $136 million. Technically, the price broke through the descending triangle, with the support zone rising to $2,600, and the short-term target range is $2,650-$2,745. Market confidence is recovering, and a bullish structure is emerging.
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