ETH Faces Resistance Near $2,700 Despite ETF Inflows and Pectra Upgrade, Volatility Ahead

Ethereum (ETH) is currently trading at $2,594.99 on Binance, reflecting a 2.90% decrease over the past 24 hours from an opening price of $2,672.53. The recent price decline can be attributed to profit-taking after a sustained period of gains, ongoing resistance between $2,660 and $2,745, and consolidation within a symmetrical triangle pattern. Despite increased institutional interest, as evidenced by ten consecutive days of net inflows into ETH ETFs and BlackRock expanding its ETH holdings, the price has struggled to break above key resistance levels. The implementation of the Pectra network upgrade on May 7, 2025, which increased validator staking limits and introduced account abstraction, has supported long-term sentiment but has not immediately translated into upward price momentum. Trading volume remains robust, with the 24-hour volume reported at approximately $16.88 billion, and market capitalization is estimated between $315 and $317 billion. Ethereum continues to consolidate below major resistance, with technical indicators suggesting further volatility as the market digests recent developments.