Ethereum holds 2,473 support as Coinbase premium rebounds Ethereum is trading at 2,489, basically flat on the day, but the $ETH chart is flashing a recovery pattern that has caught the attention of futures desks and on-chain trackers alike. Two data points stand out. Token Terminal shows the amount of ETH bridged to Robinhood Chain has surged 150 percent in the past month, now above 700 million. And the Coinbase Ethereum Premium has suddenly recovered, a signal traders often read as institutional accumulation during the dip. Add the Ethereum Foundation's stated plan to make ETH quantum-proof by 2029, and the longer-term narrative is firming up. The 1-hour structure remains bullish after a clean break of structure into the 2508.61 swing high. The important part is the zone just below: 2472.78 to 2473.21, where the 50 and 200 EMAs converge with the swing-low support. That level has already done its job once this window, sparking the bullish recovery that put price back into premium. Now, with price consolidating above the EMAs, the most likely path is a pullback into that same support zone before another push at 2508.61. If buyers defend 2473 again, the focus shifts to the resting liquidity above 2508.61, with a continuation zone at 2547.0. A daily close below 2472.78 invalidates the bullish structure and opens up the broader range to a deeper retest. Watch three things: whether the Coinbase premium keeps climbing on the next dip, if ETH can post a weekly close above 2,550, and whether the bid at 2473.21 comes in with any real size. A shallow pullback that holds above 2,490 would be an even stronger tell. Can the 2473 floor hold a second time, or do the sellers finally get their retest? More analysis like this is posted daily in the group, so check my bio for the way in. #Altcoin Season# #Macro Insights#
