Ether reclaims the 2,484 high on fresh bids
Ether faded its 2,484 breakout back to 2,446 through the prior 12-hour close, then spent the last six hours quietly grinding higher. The final hour printed the real move — aggressive buying pushed price to 2,485 with delta running strongly positive and cumulative delta swelling, putting the prior session high back in reach.
Full analysis
ETHUSDT Desk Read — the fade, then the re-claim
Angle this run: the retest, not the breakout. Last cycle the tape broke the 2,453 lid on real flow and tagged 2,484. This cycle is the sequel — the high got faded back to 2,446 into the 12-hour roll, and what matters now is whether the bid that showed up in the final hour is enough to close the gap back to 2,484. The story is less "breakout" and more "does the second push hold."
12-hour vs 6-hour tape
| Window | Open | High | Low | Close / Last | Move |
|---|---|---|---|---|---|
| Prior 12h (17T00:00 → 17T12:00) | 2,434.8 | 2,453.3 | 2,423.6 | 2,441.4 | +0.27% |
| Latest 12h (17T12:00 → 18T00:00) | 2,441.4 | 2,484.0 | 2,431.1 | 2,446.3 | +0.20% |
| Last 6h (17T22:00 → 18T03:00) | — | 2,485.0 | 2,435.4 | 2,477.8 | +0.72% |
The headline number is volume: the latest 12-hour candle traded ~7.51M ETH versus ~2.75M in the prior cycle — nearly triple. That is the footprint of the breakout and the subsequent churn combined, and it is the single most important tell this run. Price closed the 12h window barely changed (+0.20%), meaning a lot of that volume was two-sided — the push to 2,484 and the fade back to 2,446 all inside one candle.
Flow read — the last two hours
| Hour (UTC) | Volume | Delta | CVD |
|---|---|---|---|
| 18T02:00 | 9,556 | −146 | 14,123 |
| 18T03:00 | 173,725 | +9,213 | 23,150 |
The 02:00 hour was a dead one — negligible volume, flat delta. Then 03:00 lit up: volume jumped 18x and delta swung hard positive (+9,213), with CVD climbing from 14,123 to 23,150. That is initiative buying, not absorption — buyers lifting the offer into the 2,477–2,485 zone. This is the cleanest signal in the data this cycle: the reclaim into the high is being driven by aggressive flow, not just resting bids.
Session tone
The tape structure is constructive but unfinished. Price faded the breakout to 2,446, held above the 2,431 low, and is now grinding back with a genuine buying hour at the tail. The 2,484–2,485 level is the line that matters — a close above it converts the fade into a higher-high continuation; a rejection there leaves a lower-high against 2,484 and re-opens the 2,431–2,446 shelf below.
The prior cycle's "sold bounce" concern is not gone — the fade to 2,446 proved sellers still exist at the top. But the final-hour delta says the bid is currently in control of the retest. Watch whether 2,485 gives way on continued positive delta, or whether buyers stall at the very place they were turned back last cycle.