$ETH Ethereum: On the Brink of a New Wave or Just a Long Breath Before a Drop Again?

Today Ethereum (ETH) is once again stealing the spotlight. After a nearly 6% rally in the last 24 hours, ETH is now testing an important resistance level around $2,835. Many analysts see this as a crucial point—whether ETH is ready to rise towards $3,100–$3,600, or will it bounce back down?

Interestingly, it’s not just the price that is moving, but also sentiment and capital flows. The ETH spot ETF has shown positive inflows for four consecutive weeks. BlackRock even increased its holdings to 1.5 million ETH. This is no longer a small speculative market—this has become a playing field for large institutions.

On the technical side, the $2,835 zone is not an ordinary figure. It is the midpoint between bullish strength and potential rejection. If broken, ETH could head towards $2,900 and further to $3,100. But if it fails, the $2,700–$2,600 zone is ready to act as a support floor.

What makes it even more complex: fundamental updates like the upcoming Pectra hard fork—increasing transaction capacity and expanding staking participation—serve as a medium-term catalyst that cannot be ignored. Ethereum is proving that it is not just a speculative asset, but a foundation for a new generation of financial ecosystems.

However, as always in the crypto world: volatility is the norm, not the exception.