<ul data-eligibleForWebStory="false"><li>Ethereum's price surge above $2,800 is attributed to technical indicators, ETF speculation, and a short squeeze.</li><li>The rally was driven by reports of a proposed Crypto ETF supported by President Donald Trump, coinciding with bullish technical patterns like the golden cross and bullish pennant.</li><li>The MACD histogram and RSI14 confirm strong bullish momentum for Ethereum, further supported by a surge in derivatives open interest and funding rates turning positive.</li><li>The key levels to watch are $2,698 as support and a target of $3,350 if Ethereum maintains its current market structure.</li></ul>

Ethereum Breaks Above $2,800: What’s Next?

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