Ethereum is on the verge of a potential breakout past $2,544, but a death cross warning poses a threat to the rally.
Strong fundamentals, such as staking and institutional inflows, may mitigate bearish risks and support long-term growth.
The death cross, if confirmed, could hint at a shift to a bearish trend if Ethereum fails to surpass $2,544, potentially leading to a decline in price.
Despite the technical concerns, recent developments like the Dencun upgrade and institutional inflows contribute to Ethereum's positive momentum.