Ether (ETH) shows potential for a significant price surge toward $2,700 and beyond, driven by strengthening market sentiment, accelerating institutional demand, and a decisive technical pattern forming on price charts. The cryptocurrency faces its immediate test at the $2,635 resistance level; a confirmed daily close above this threshold could propel ETH toward targets between $2,738 and $2,879, initiating a new bullish phase.
Critical support currently resides at the 20-day Exponential Moving Average (EMA) near $2,507. Failure to hold this level risks triggering a downward move toward $2,323, with a potential extended correction to $2,111. The 4-hour ETH/USDT chart’s symmetrical triangle formation—a classic technical analysis pattern—signals an imminent breakout, suggesting an upside target near $2,751 should bullish momentum prevail.
Institutional interest continues to surge, evidenced by $225 million flowing into Ether exchange-traded products (ETPs) over the past trading week. This marks the eleventh consecutive week of inflows, reflecting deep-pocketed investors’ sustained accumulation strategy despite prevailing market volatility.
Traders are advised to monitor two key triggers: Confirmation of a breakout above $2,635 would signal robust buying pressure and validate the bullish setup. Conversely, failure to sustain above the 20-day EMA at $2,507 would suggest weakening momentum and warrant defensive positions to mitigate downside risk.