Ethereum (ETH) is showing signs of a potential recovery, with analysts predicting a move towards $2,800. This bullish outlook is fueled by increasing accumulation from traditional institutions. Cointelegraph reports a growing trend of companies stockpiling ETH, signaling strong institutional demand. Bitcoin mining firms like BitMine Immersion Technologies and Bit Digital, alongside sports betting company SharpLink, have recently begun acquiring ETH. This influx of institutional investment provides significant upward pressure on the cryptocurrency's price. Technically, if ETH manages to close above the $2,529 mark, which represents the 50-day simple moving average, the short-term bullish trend is likely to continue. However, resistance is expected around $2,800. A sharp decline could see ETH falling to $2,111. The increasing institutional interest in Ethereum suggests a positive long-term outlook. ```

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