Ethereum’s decisive weekly close above the pivotal $2,800 resistance level signals a structural macro trend reversal, with ETH/USDT currently trading above $3,000. Analyst projections indicate potential for a sustained rally targeting the next major resistance threshold at $3,980, driven by robust technical momentum and fundamental catalysts.
Historic inflows into Ethereum spot exchange-traded funds are accelerating the price surge, providing substantial liquidity and validating technical indicators. Massive capital injections mirror previous market patterns where confirmed breakouts preceded significant appreciation cycles.
Technical analysis suggests overcoming the $3,980 barrier would activate bullish projections toward a higher trading corridor between $4,600 and $5,400. This aligns with historical fractal patterns following pivotal breakouts, though confirmation requires sustained closes above the target level.
Robust volume indicators bolster the bullish case, with daily trading velocity exceeding $50 billion. Ethereum gained over 9% in the last 24-hour session and nearly 24% across the preceding week, reflecting intense institutional accumulation amidst positive market sentiment.
The $2,700-$2,800 support zone remains critical infrastructure for continuation patterns. Maintaining this foothold prevents destabilizing retracements and enables sustained upside exploration toward projected targets.