$ETH Today Ethereum (ETH) is showing a decidedly positive trend, with a rise that has pushed the price above $2,800 accompanied by sustained volumes. Behind this increase lie multiple factors. Firstly, the growing confidence of institutional investors: products related to ETH have seen net inflows of about $295 million in just seven days, and the BlackRock iShares Ethereum Trust has recorded as many as 23 consecutive days without outflows.

On the technical side, the indicators are confirming strength: the ADX is approaching 25, while the +DI is strengthening, suggesting a solid upward trend. The RSI indicates overbought conditions, but at the moment it is a momentum signal rather than an imminent reversal. The moving averages – particularly MA 50, MA 100, and MA 200 – are signaling ‘Buy’, supporting the sustainability of the rally.

In the medium term, ETH is approaching significant resistance levels, around $2,800–$2,830: a convincing break of this threshold could open the way to new targets, even beyond $3,000 up to $3,200–$3,400, as indicated by some analysts. On the other hand, if the pressure were to ease or weaker macroeconomic data emerged, an intermediate retracement between $2,700 and $2,720 cannot be ruled out.

Overall, today’s situation is typical of a market in ‘beast mode’: robust volumes, generally positive sentiment, and confirming technical signals are pushing upwards. However, it is crucial to monitor upcoming macro data, especially the US inflation indices, which could change the direction in the short term. The current setup remains favorable for a continuation of the upward trend, at least until a significant correction occurs.