- Ethereum holds the $2.3K–$2.4K demand zone and begins forming higher lows, signaling a continuation of the upward trend.
- Grayscale suggests Ethereum could gain most from U.S. crypto laws, boosting institutional interest and market confidence in ETH.
- Onchain activity is surging, aligning with rising trading volume and supporting Ethereum’s move toward the $2.7K–$2.8K resistance zone.
Ethereum (ETH) has kept on with showing strength after defending a key support zone. The asset is now advancing toward a higher price range.
Ethereum Holds $2.3K–$2.4K Support and Builds Toward $2.8K
Crypto Candy observed that Ethereum respected the $2,300–$2,400 range, which had earlier served as a demand zone. Buyers repeatedly stepped in to defend this area, confirming strong market interest and upward intent.
Following the bounce, Ethereum regained important moving averages, reinforcing the bullish market structure. The asset has formed higher lows, suggesting a continuation pattern. This movement has aligned with earlier technical expectations, with ETH now pushing toward the $2,700–$2,800 resistance zone.
If we see an increase in trading volume and momentum follows, a breakout could see price climbing near the $2,900 or $3,000 price levels. The way the market has behaved indicates that the professionals are clearly watching for a persistent move above the next resistance.
Regulatory Outlook Adds to Ethereum’s MomentuM
Crypto Patel shared that Ethereum could benefit from clear U.S. crypto regulations. Grayscale suggests ETH may emerge as a leading asset if stablecoin laws and legal frameworks are passed.
Such regulatory developments are viewed as favorable for institutional confidence and adoption. Ethereum will benefit from clarity on compliance requirements in stablecoin and DeFi areas. This narrative turns to the continued positive outlook for Ethereum’s growth.
As the asset moves toward key price levels, potential policy shifts in the U.S. could add another layer of interest to ETH. Traders are now evaluating both technical patterns and regulatory timelines in their near-term decisions.
Onchain Activity and Market Sentiment Continue to Grow
Mister Crypto noted a surge in Ethereum’s onchain activity, pointing to rising network engagement. This trend often supports continued price appreciation in strong market cycles.
The price of ETH at the time of writing was $2,557.84 with a 24-hour volume of over $8.3 billion, making this a 1.63% daily gain and a 4.77% gain over the past week for Ethereum. These numbers reflect continued trader optimism and increased attention as Ethereum approaches the next resistance.
