$ETH made another intraday high, but gave back a little by the close. From 10:00 to 11:00 Beijing time, the high was 2496.60 and the close was 2493.25, while volume fell 62.40% from the previous hour. What matters more to me is whether there is still enough volume to sustain the move after the recovery above resistance. The old level is still holding for now, but the latest hourly candle did not turn its intrahour high into a higher close. We cannot treat the headline “breaks above 2500” as a fact for this window.
The previous update used Binance ETHUSDT spot data from 08:00 to 09:00: it closed at 2489.28, moving back above 2487.96 and 2489. Volume was 7.2399 million USDT, up 13.74% from the prior hour, with aggressive buys accounting for 57.70%. At that point, the local recovery had regained support, but the high rose while the low fell, so whether the move could hold in the next hour remained a key condition.
Then, from 09:00 to 10:00, the open was 2489.29, the high 2496.23, the low 2488.63, and the close 2495.95. The full-hour close was higher than in the previous update, and volume was 10.5964 million USDT. The previously watched 2491.37 shifted from an intrahour high to a level below the close, showing that the recovery had progressed. However, 2489 was briefly breached intrahour, so it would be inaccurate to describe the move as having avoided any retest.
In the latest hour, from 10:00 to 11:00, the open was 2495.95, the high 2496.60, the low 2492.18, and the close 2493.25. The high was only 0.37 above the previous hour’s, while the close was 2.70 lower, a decline of about 0.11%. The low continued to rise, and the entire completed hour stayed above 2491.37. This leaves evidence of local buying support, while also showing signs of weakening upside momentum. There is no need to let either observation override the other.
The change in volume is more pronounced than this modest price pullback. Volume in the current hour was 3.9846 million USDT, compared with 10.5964 million in the previous hour, a decline of 62.40%. A small pullback on lower trading volume does not by itself mean that large amounts of capital are fleeing. But near the 2496 area, the expanded volume did not persist, and there is not enough here to confirm a fresh breakout on rising volume.
The aggressive buy share rose from 48.40% to 50.87%, which looks like an improvement. Yet the absolute value of aggressive buys fell from 5.1288 million to 2.0271 million, a decrease of about 60%. The share can rise even as the buy volume falls. Looking only at the higher percentage would ignore the contraction in overall trading volume, so I would not use it to claim that buying pressure is strengthening, nor would I treat aggressive buy volume as net inflows.
The key thing to watch now is whether fresh buying support and a higher close emerge after this low-volume retest. If a subsequent retest continues to hold 2491.37 and volume recovery can be verified, the local recovery will have more support. If a completed candle closes back below this level, the structure that had been gradually rising will be weakened, even if new intrahour highs occur from time to time.
2496.60 remains only the actual high for this hour; this candle did not reach 2500. The latest actual low was 2492.18, while 2489 and 2487.96 come from the earlier recovery phase. These are reference levels that inform the assessment, not guaranteed execution prices, and we should not describe a possible future touch as something that has already happened.
Compared with the previous update, the new development is that the close first rose on higher volume, then pulled back on sharply lower volume, while the low continued to climb. The local recovery still has a basis, but the evidence for continued upside has weakened for now. It is more useful to let new trading activity and completed time windows answer the question than to keep treating the round number in the headline as a confirmed breakout.
The previous update used Binance ETHUSDT spot data from 08:00 to 09:00: it closed at 2489.28, moving back above 2487.96 and 2489. Volume was 7.2399 million USDT, up 13.74% from the prior hour, with aggressive buys accounting for 57.70%. At that point, the local recovery had regained support, but the high rose while the low fell, so whether the move could hold in the next hour remained a key condition.
Then, from 09:00 to 10:00, the open was 2489.29, the high 2496.23, the low 2488.63, and the close 2495.95. The full-hour close was higher than in the previous update, and volume was 10.5964 million USDT. The previously watched 2491.37 shifted from an intrahour high to a level below the close, showing that the recovery had progressed. However, 2489 was briefly breached intrahour, so it would be inaccurate to describe the move as having avoided any retest.
In the latest hour, from 10:00 to 11:00, the open was 2495.95, the high 2496.60, the low 2492.18, and the close 2493.25. The high was only 0.37 above the previous hour’s, while the close was 2.70 lower, a decline of about 0.11%. The low continued to rise, and the entire completed hour stayed above 2491.37. This leaves evidence of local buying support, while also showing signs of weakening upside momentum. There is no need to let either observation override the other.
The change in volume is more pronounced than this modest price pullback. Volume in the current hour was 3.9846 million USDT, compared with 10.5964 million in the previous hour, a decline of 62.40%. A small pullback on lower trading volume does not by itself mean that large amounts of capital are fleeing. But near the 2496 area, the expanded volume did not persist, and there is not enough here to confirm a fresh breakout on rising volume.
The aggressive buy share rose from 48.40% to 50.87%, which looks like an improvement. Yet the absolute value of aggressive buys fell from 5.1288 million to 2.0271 million, a decrease of about 60%. The share can rise even as the buy volume falls. Looking only at the higher percentage would ignore the contraction in overall trading volume, so I would not use it to claim that buying pressure is strengthening, nor would I treat aggressive buy volume as net inflows.
The key thing to watch now is whether fresh buying support and a higher close emerge after this low-volume retest. If a subsequent retest continues to hold 2491.37 and volume recovery can be verified, the local recovery will have more support. If a completed candle closes back below this level, the structure that had been gradually rising will be weakened, even if new intrahour highs occur from time to time.
2496.60 remains only the actual high for this hour; this candle did not reach 2500. The latest actual low was 2492.18, while 2489 and 2487.96 come from the earlier recovery phase. These are reference levels that inform the assessment, not guaranteed execution prices, and we should not describe a possible future touch as something that has already happened.
Compared with the previous update, the new development is that the close first rose on higher volume, then pulled back on sharply lower volume, while the low continued to climb. The local recovery still has a basis, but the evidence for continued upside has weakened for now. It is more useful to let new trading activity and completed time windows answer the question than to keep treating the round number in the headline as a confirmed breakout.