ETH Briefly Breaks Above $2,600, Up 1.35% on the Day

In Brief:

Ethereum briefly crossed the $2,600 level, now trading at $2,598.71.

The 24-hour price increase stands at 1.35%, according to OKX data.

Ethereum (ETH) saw modest upward momentum on May 16, briefly breaking through the $2,600 mark before slightly retreating. According to market data from OKX, ETH is currently trading at $2,598.71, reflecting a 1.35% gain over the past 24 hours.

The move comes amid relatively stable market conditions, as ETH continues to trade within a tight range near recent highs. Analysts are watching for a confirmed break above the $2,600 resistance level to signal a stronger bullish push.

With Ethereum spot ETF inflows increasing and technical indicators showing steady support, ETH remains a key asset to watch in the near term.

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