$ETH

Ethereum stands at a critical juncture as it tests the $1,800 resistance level. The combination of technical patterns, institutional inflows, and positive market sentiment suggests potential for further upside if key resistance levels are breached. However, traders should remain cautious of potential volatility and monitor:

1. The $1,800 level for a confirmed breakout

2. Derivative market activity and exchange flows

3. Broader macroeconomic developments

4. Continued institutional interest in ETH ETFs

A successful breakout above $1,800 could open the path to $2,100 and potentially $2,200-$2,300 in the coming weeks, while failure to hold current levels might see a retest of support around $1,650-$1,688.