Ethereum rises over 4%, significant net inflow from institutional ETFs, technical pattern breaks out and strengthens

According to HashKey Chain, as reported by CoinDesk, ETH rebounded over 4% from a low of $2,513 within the last 24 hours, reaching a high of $2,658, with trading volume surging to 550,000 ETH, creating a clear breakout. Benefiting from the spot Ethereum ETF attracting institutional funds, net inflow this week reached $248 million, with BlackRock ETHA contributing $136 million. From a technical perspective, the price has broken out of a descending triangle, with the support zone rising to $2,600, and the short-term target is between $2,650 and $2,745. Market confidence is recovering, and a bullish structure is beginning to emerge.