Ethereum (ETH) is trading at $2599.08, with a rise of 1.58% compared to the previous close.

Over the past week, the cryptocurrency has seen an increase in buying pressure, as the supply of Ethereum on exchanges has dropped to its lowest level in 10 years, indicating a trend among investors to hold the currency for the long term. Furthermore, accumulation addresses have shown a significant increase in balance, reflecting investor confidence in the near future.

Ethereum is expected to experience slight fluctuations over the next week, as it may face resistance at the $2700 level, while the main support lies near $2500. If it manages to break through the resistance level, it could head towards $2800. However, any changes in market sentiment or economic news that may affect the overall trend of the currency should be monitored.

Based on these analyses, investors are advised to stay updated on market developments and make informed investment decisions.