- Ethereum price rises to $2,736.90, up 2.07% daily. It nears key resistance near $2,800 after recent gains.
- ETH trades above major moving averages; breaking $2,800 resistance could lead towards the $3,000 to $3,200 price area.
Ethereum (ETH) is trading at $2,736.90 USD, with a +2.07% daily increase. This marks a continuation of the recent bullish momentum as ETH reclaims higher levels, approaching a significant resistance zone around $2,800.
Over the past week, ETH is up +4.88%, with a +5.87% monthly gain. However, it still holds a −17.85% year-to-date performance and a −28.64% six-month drawdown, indicating that this rally is still in the process of recovering from prior macro-driven sell pressure.
Technically, Ethereum is approaching a critical decision point. The $2,750–$2,800 region is key resistance, and a breakout above this level could open the path toward $3,000–$3,200.
Momentum indicators show strengthening bullish bias, with ETH now trading above major moving averages and reclaiming its 50-day EMA. Traders are closely watching for a potential breakout confirmation or rejection at this level.
On the fundamental side, ETH continues to benefit from robust institutional inflows. In the last 20 days, over $815 million has flowed into ETH ETFs, and the total amount of ETH staked has hit a record 34.6 million ETH, representing 28% of total supply. Open interest in ETH futures also reached a historic high of $39.2 billion, reflecting increased positioning by large investors.
This combination of bullish technical setup and strong on-chain/institutional support suggests that Ethereum may be preparing for a sustained upward breakout, assuming the broader crypto market remains stable and Bitcoin holds above $107K.
