Fresh update on Ethereum ($ETH ):
📈 Price Snapshot
Current Price: ~$2,771, holding firm in a tight range.
24-Hr Range: Between $2,711 and $2,821, showing healthy volatility.
🔍 What’s Powering ETH Right Now
1. Institutional Confidence – Continued inflows into spot ETH ETFs (4 consecutive weeks) and heavy accumulation by BlackRock are boosting market sentiment.
2. Technical Momentum – ETH has reclaimed major EMAs and topped a bullish triangle, breaking the $2,700–$2,730 range. Analyst signals align for a breakout toward $3K+ if it holds.
3. Macro Tailwinds – Strength in inflation and risk appetite is lifting broader crypto markets. ETH neared $2,800, marking a 15-week high.
🎯 Key Levels to Watch
Support: $2,700–$2,730 zone (triangle base + EMAs)
Resistance: $2,800 first, then $3,000–$3,100 if momentum holds (Gaussian channel forecast).
Risk Zone: A drop below $2,700 could open the path to $2,500–$2,460, where previous support lies.
🧠 Quick Takeaway
ETH is showing a strong breakout narrative:
Bullish Scenario: If it climbs past $2,800 and volume stays solid, the stage is set for a rally toward $3,100–$3,600.
Bearish Caution: Failure to hold above $2,700 could trigger a retrace to the $2,460–$2,500 area.
✅ Tip for traders: Use the $2,700–$2,730 level as a confirmation zone—watch for volume confirmation on a breakout or breakdown before committing.
