Ethereum demonstrates strengthening bullish indicators with its price forming higher lows above the $2,500 support level while consistently holding above the 9-day EMA. This upward momentum is confirmed by a bullish MACD crossover, signaling potential continuation of the positive trend.
Institutional confidence remains robust as Ethereum Spot ETFs recorded eight consecutive weeks of net inflows, accumulating over 61,000 ETH. Public firms like Bit Digital significantly expanded ETH holdings by approximately $200 million, bringing their total exposure to $254.8 million.
Network activity reinforces optimistic sentiment, with daily transaction volumes surpassing 1.25 million – reaching peaks comparable to 2021 levels. This substantial uptick in on-chain usage highlights renewed ecosystem engagement and fundamental strength.
The convergence of technical positioning, sustained institutional accumulation, and heightened network activity supports expectations for a decisive breakout above the $2,700-$2,800 resistance zone. Market analysts cite this combination of factors as potentially propelling ETH toward the $2,800 threshold.