Ether Could Rally Above $2,700 Amid Positive Sentiment and Continued ETF Inflows

Key Points

1. Ether's price may break above $2,700 if it achieves a daily close above the critical resistance level of $2,635, with potential targets between $2,738 and $2,879.

2. The 20-day exponential moving average (EMA) at approximately $2,507 serves as a key support level; failure to maintain above it could signal a drop to $2,323 or further to $2,111.

3. A symmetrical triangle pattern on the 4-hour ETH/USDT chart suggests an imminent breakout, with a potential target near $2,751 if the pattern resolves upward.

4. Institutional interest is strong, with Ether ETPs seeing $225 million in inflows over the recent trading week, marking the 11th consecutive week of inflows.

5. Traders should monitor a confirmed breakout above $2,635 for bullish momentum or a breakdown below the 20-day EMA for potential short-term defensive strategies.