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Ether (ETH) experienced a sharp flash crash during the 21:00 hour on June 21, falling 7.56% from $2,406 to $2,224.
The sudden price drop triggered heavy trading activity, with more than 751,000 ETH changing hands—nearly five times the average hourly volume.
Despite the steep decline, buyer interest surged around the $2,250 level, helping the asset recover to $2,292. During the hour following the crash, ETH rose 0.19% from $2,287.54 to $2,291.92. A volume spike at 05:58 accompanied a 3.15% price jump on 7,314 ETH, establishing a new support zone near $2,290. The price action that followed formed an ascending channel with higher lows, signaling increased buyer engagement as conditions stabilized.
Technical...