$ETH has surged past $2,800 this week, climbing 5–6 % on strong volume amid optimism driven by softer U.S. inflation data and signs of a tentative U.S.–China trade deal . Institutional inflows remain robust—BlackRock and others continue accumulating, and ETH futures open interest is up over 40 % in the past month . Technicals show bullish patterns: coiling/wedge formations and bullish flags hint at a possible move toward $3,100–$3,600 . Immediate resistance lies at $2,835–$2,873, with support near $2,750. Altogether, key macro drivers, ETF demand, and chart breakouts reinforce a positive outlook for ETH in the near term.