Ethereum has bounced above the $2,400 price range with the support of Ethereum ETFs, currently trading above $2,565.
Institutional money has been flowing into Ethereum ETFs, with projections pointing to $10 billion by 2025.
Ethereum's scalability solutions such as Arbitrum and Optimism are helping it maintain dominance in Layer 2, aiming for a move towards $8,500.
ETH is poised for a breakout, needing to clear the resistance levels at $2,600 and $2,620, with any drop below $2,520 throwing the trend into question.