$ETH

Ethereum (ETH) is experiencing strong bullish momentum, currently trading around \$2,741, up over 6% in the past 24 hours. The surge aligns with broader crypto market optimism, as Bitcoin also climbs past \$110,000. Institutional inflows, particularly into spot ETH ETFs, and increasing staking activity are driving confidence. On-chain metrics show a 22% uptick in network usage, supporting the price rally. Technical analysts highlight a breakout from a bullish triangle pattern, with ETH now testing key resistance between \$2,700 and \$2,750. Support levels around \$2,350–\$2,425 remain firm, suggesting ETH is consolidating before another potential leg upward. Overall, Ethereum's performance reflects a mix of solid fundamentals, positive macroeconomic sentiment, and renewed investor interest.