- Ethereum forms higher lows above $2,500, holding EMA support while building momentum toward the $2,700–$2,800 resistance zone.
- Smart money inflows rise as Ethereum Spot ETFs post eight straight weeks of accumulation, adding over 61,000 ETH in total.
- On-chain activity returns to 2021 highs with over 1.25 million daily transactions, signaling renewed confidence in Ethereum’s ecosystem.
Ethereum (ETH) is gaining bullish momentum and catching the attention of knowledgeable investors as it makes its way to its next resistance level. The cryptocurrency has formed higher lows, the institutional interest in the token is rising, and some key indicator numbers have turned around, making price breakout more likely.
Crypto market observer Crypto Patel recently pointed to Ethereum’s strengthening trend, noting the presence of higher lows, growing momentum, and a clear resistance overhead — a combination often seen before a price breakout.
Higher Lows and Building Momentum Set the Stage
Ethereum was priced at $2,557.67 as of this writing and is maintaining support above the 9-day exponential moving average (EMA), now at $2,527.50. The alignment of price action above the EMA and the formation of higher lows suggest steady buying pressure and trend continuation.
The MACD Indicator is now bullish as the MACD line crosses above the signal line and the histogram turns green. This shows upside momentum continuing to increase and supports the chances of an imminent breakout toward the $2,700–$2,800 resistance area.
The price structure and technical indicators are signaling strength as Ethereum consolidates just beneath a clean resistance level. Market participants are closely watching for confirmation of an upward move.
Institutional Flows Indicate Strategic Accumulation
Smart money appears to be positioning early. Ethereum Spot ETFs have recorded eight consecutive weeks of net inflows, totaling over 61,000 ETH. This sustained interest from institutions reflects growing confidence in Ethereum’s price outlook.
Bit Digital, a publicly traded firm, has added $200 million worth of ETH to its portfolio, now holding a total of $254.8 million. These moves align with historical patterns where institutional accumulation precedes price expansion.
This steady flow of capital into ETH supports the case that the breakout could be more than speculative—underpinned by capital inflows and long-term positioning.
On-Chain Metrics Strengthen the Bullish Case
For the first time since 2021, daily Ethereum transaction levels have climbed above 1.25 million. This return to network activity shows a ramp up in activity and user demand within the Ethereum ecosystem.
Ethereum seems sure to potentially break out with technical, on-chain, and institutional metrics all aligned. As Ethereum approaches a pivotal area, market sentiment stays bullish.
