ETH must break $2,900 resistance to confirm continued upward momentum.
ETF inflows signal growing institutional interest in Ethereum.
Strong support holds at $2,370 despite market-wide selling pressure.
Ethereum — ETH, isn’t slowing down—and neither are the bulls behind it. In just two weeks, ETH skyrocketed by 50%, brushing against the $2,700 mark. The market is buzzing, optimism is rising, and traders are watching one key number: $2,900. Break that, and Ethereum could be on the path to new heights. But the climb won’t be easy. Big resistance stands in the way. Still, on-chain data hints at strength bubbling beneath the surface.
https://twitter.com/ali_charts/status/1925661215524585506?t=zHHDtVYWJV_Jvfhhmkwr5A&s=19 Ethereum Bulls Confront Key Resistance
Ethereum now flirts with the $2,700 ceiling, pushing harder each day. Traders want a clean breakout, but volume must support it. Without strong buying power, the rally risks fading. On-chain metrics, however, whisper bullish signals. Glassnode’s recent report reveals a return to profitability. ETH moved above the Realized Price of $1,900 in May. That line marked a turning point. Then came another: the $2,400 True Market Mean, which ETH now holds above. Glassnode sees this as a key bullish trigger.
But the real prize lies at $2,900. This price level reflects the average entry point of the most active ETH investors. Reclaiming it would signal conviction. It’s more than a number—it’s a line in the sand between hope and confirmation. Meanwhile, short-term hurdles remain. A dip under $2,600 has slowed the climb. ETH dropped 2.5% overnight. Trading volumes also fell by 25%, a red flag for momentum.
ETF Momentum Grows Despite Market Nerves
Global news didn’t help. Trump’s recent announcement of a 50% tariff on the EU rattled global markets. Crypto took a hit, Ethereum included. Fear returned to the charts, casting a brief shadow on what looked like a breakout rally. Meanwhile, Analyst Ali Martinez is optimistic, as the post above highlights. He points to $2,370 as strong support. Above that, he sees little resistance. That gap could act like jet fuel if ETH breaks $2,900.
The runway looks clear. Now, it’s about liftoff. Still, not everything points downward. Ethereum ETFs are lighting up again. Thursday saw $110 million in net inflows. Grayscale’s ETHE led with $43.7 million. Fidelity’s FETH followed closely with $42.2 million. Even Grayscale’s mini-Ether ETF chipped in with $18.7 million.The wave of inflows signals renewed confidence among institutions.
While price wobbles, investor appetite appears to grow. That said, regulatory fog remains thick. The SEC just postponed its verdict on 21Shares’ request to include staking services in their ETH ETF. The delay underscores persistent caution around crypto innovations. Yet the appetite remains real—and rising. For now, Ethereum stands inches from a breakout, eyes locked on $2,900. One push, and the sky may open.
