Ether (ETH) ETH is up 1.28% in the past 24 hours to reach $2,538.25. This comes as new data from CoinShares shows ETH drew in $295 million in weekly inflows, the most of any digital asset last week. The surge brings month-to-date flows to $296 million and lifts Ethereum’s total assets under management to $14.09 billion.Technically, ETH rebounded from earlier weakness to retest the $2,540 resistance level after consolidating near $2,500, according to CoinDesk Research's technical analysis model. The recovery reflects renewed confidence among institutional investors, who have now supported 15 straight trading days of spot ETF net inflows according to SoSoValue. Combined with steady DeFi and staking growth, ETH appears poised to benefit if it can firmly clear $2,540.Technical Analysis HighlightsETH traded in a 24-hour range of $57.91 (2.31%), between $2,482.99 and $2,540.10Key resistance held at $2,540 while support formed around $2,483-$2,485A breakout at 08:02 saw ETH surge 1.33% on 8,337 units of volumeTrading volume peaked at 253,612 ETH during a sharp reversalPrice structure reflects a potential bullish flag with a golden cross between the 50- and 200-day moving averagesConsolidation above $2,520 suggests buyers remain in control short-termDisclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.