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Ethereum surged to its highest level in over four months, driven by strong ETF inflows and renewed interest in its tokenization role. Price nears key resistance at $3,000, with support at $2,750.Ethereum’s ETH Surges Toward $3K as ETF Flows and Tokenization Narrative Spark Renewed MomentumEthereum’s native token, ETH, surged to its highest price in over four months on Thursday, nearing the key psychological threshold of $3,000, as Bitcoin (BTC) set a new all-time high above $115,000.The rally marked a 6.7% 24-hour gain, bringing ETH to $2,996, according to CoinMarketCap data. The second-largest cryptocurrency has underperformed in this market cycle compared to BTC and Solana (SOL), but sentiment around ETH appears to be shifting.Spot ETF Inflows and Institutional Demand Boost ETHAnalysts attribute Ethereum’s upward momentum to multiple structural tailwinds. These include:More than $500 million in spot ETH ETF inflows month-to-date in the U.S.Corporate crypto treasury allocations expanding beyond BTC to include ETH, with firms like Sharplink Gaming and Bitmine Immersion Technology adding ETH to balance sheets.A strengthening narrative around Ethereum’s role in settlement infrastructure and tokenization frameworks.“ETH has taken the lead in price momentum, rallying off recent lows amid a pickup in derivatives activity and growing enthusiasm around its broader role in settlement and tokenization infrastructure,” said Joel Kruger, market strategist at LMAX Group.Prominent crypto investor Pentoshi noted on X that in under one month, public companies “have bought enough ETH to offset all ETH minted since the Merge,” underscoring rising institutional confidence.Technical Setup: $3K Resistance and $2,750 Support Zones in FocusETH’s sharp rally unfolded in three phases:Initial consolidation around $2,824A breakout through key resistance zones at $2,845, $2,870, and $2,920Final advance toward $2,996, where strong resistance now consolidates, according to CoinDesk’s analytics modelThe model also identified a support zone between $2,750 and $2,760, offering a key area to watch if ETH sees a pullback.Ethereum’s momentum was strongest in the 60-minute trading window between 20:58 and 21:57 UTC, where it jumped nearly 6% in a single hourly candle.While ETH is still down more than 40% from its all-time high above $4,800, the combination of ETF flows, on-chain utility growth, and corporate demand may continue to drive interest. However, ETH must decisively break through the $3,000 resistance level to signal a sustained trend reversal.