Ethereum's recovery and potential breakout are attributed to market sentiment shifts and increased interest in Ethereum ETF inflows.
10x Research highlights a symmetrical triangle formation in ETH, indicating a potential move towards $2,000 or $3,000 based on momentum and macro conditions.
The narrative around Ethereum ETFs is evolving, with speculation on whether institutions will drive real demand for ETH following Sharplink Gaming's $425 million allocation into the asset.
Bullish drivers for Ethereum include upcoming Petra upgrade, GENIUS Act progression, and market dynamics favoring high beta assets like ETH, signaling a pivotal moment for Ethereum's adoption.