Ethereum is trading at $2,650, up 3% after six consecutive green sessions that pushed it out of a month-long consolidation zone. Spot ETF inflows have returned after three days of withdrawals, while Layer 2 activity on Base, Arbitrum, and Optimism has picked up alongside expanding DeFi and RWA tokenization flows. Bitcoin is rallying near $82,000, pushing rotation capital into ETH with the ETH/BTC pair rebounding visibly. Technical resistance sits near $2,800 (Fibonacci 0.382) with immediate support at $2,570-$2,600. Analysts point to a confirmed breakout above $2,700 as the trigger toward $3,000, with the outcome likely hinging on ETF flow consistency.
Source: Read the original article
