Ethereum holds the $2.3K–$2.4K demand zone and begins forming higher lows, signaling a continuation of the upward trend.
Grayscale suggests Ethereum could gain most from U.S. crypto laws, boosting institutional interest and market confidence in ETH.
Onchain activity is surging, aligning with rising trading volume and supporting Ethereum’s move toward the $2.7K–$2.8K resistance zone.
Ethereum (ETH) has continued to show strength after defending a key support zone. The asset is now advancing toward a higher price range.
Ethereum Holds $2.3K–$2.4K Support and Builds Toward $2.8K
Crypto Candy (@cryptocandy24x) observed that Ethereum respected the $2,300–$2,400 range, which had earlier served as a demand zone. Buyers repeatedly stepped in to defend this area, confirming strong market interest and upward intent.
Following the bounce, Ethereum regained important moving averages, reinforcing the bullish market structure. The asset has formed higher lows, suggesting a continuation pattern. This movement has aligned with earlier technical expectations, with ETH now pushing toward the $2,700–$2,800 resistance zone.
If trading volume increases and momentum holds, a breakout could drive the price closer to the $2,900 or $3,000 levels. Current market behavior suggests that traders are watching closely for signs of sustained price movement above the next resistance.
Regulatory Outlook Adds to Ethereum’s Momentum
Crypto Patel (@CryptoPatel) shared that Ethereum could benefit from clear U.S. crypto regulations. Grayscale suggests ETH may emerge as a leading asset if stablecoin laws and legal frameworks are passed.
Such regulatory developments are viewed as favorable for institutional confidence and adoption. Ethereum stands to gain from clarity in compliance requirements, especially in the stablecoin and DeFi spaces. This narrative supports the ongoing positive outlook for Ethereum’s growth.
As the asset moves toward key price levels, potential policy shifts in the U.S. could add another layer of interest to ETH. Traders are now evaluating both technical patterns and regulatory timelines in their near-term decisions.
Onchain Activity and Market Sentiment Continue to Grow
Mister Crypto (@misterrcrypto) noted a surge in Ethereum’s onchain activity, pointing to rising network engagement. This trend often supports continued price appreciation in strong market cycles.
With current price trading at $2,557.84 and a 24-hour volume of over $8.3 billion, Ethereum has recorded a 1.63% daily gain and a 4.77% increase over the past week. These numbers reflect continued trader optimism and increased attention as Ethereum approaches the next resistance.
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