Ether's price has been ranging, with bulls aiming for a daily close above $2,635 to establish a new trend.
Institutional investors are accumulating Ether through ETPs, with $225 million in inflows recorded for the trading week.
The ETH/USDT charts indicate a positive sentiment, with the need for a push above $2,635 to target $2,738 resistance.
A symmetrical triangle pattern on the four-hour chart suggests a potential surge to $2,751 on a bullish breakout or a drop to $2,364 on a bearish breakdown.