ETH Holds Strong; Is It the ‘Digital Oil’ Powering the Global Digital Economy?

Ether (ETH) ETH is trading above $2,540, showing strong resilience in the face of market turbulence fueled by heightened geopolitical risk. After briefly dipping to $2,491.72, ETH recovered swiftly, closing higher on above-average volume and validating key support near $2,500, according to CoinDesk Research's technical analysis model. Technical indicators suggest renewed momentum, supported by a double-bottom formation and heavy intraday buying near $2,530 source: https://www.coindesk.com/markets/2025/06/15/eth-holds-strong-is-it-the-digital-oil-powering-the-global-digital-economy