Ethereum’s Wall Street moment: Why ETH traders are clued into $2.8K

Key Points

1. Ethereum's price surged past the $2.8K resistance, a key level since February, signaling strong bullish momentum.

2. The ETH/BTC pair and other metrics suggest Ethereum could follow Bitcoin's upward trend, with potential for further gains.

3. Technical indicators like the RSI (77) and CMF (+0.23) show strong buying pressure, supporting a possible rally past $3K.

4. Liquidity clusters above $3K indicate potential resistance, while the $2.8K level may act as support if a pullback occurs.

5. Traders should prepare for both scenarios: a continuation towards $3.2K or a retest of the $2.8K support level.