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Ethereum Faces Critical Resistance, Is a Rally to $3,000 Possible?

  • Ethereum is currently trading around $2,802, with immediate support at $2,750 and resistance near $2,850.
  • Ethereum ETFs saw mixed flows on February 20, 2025, with net outflows of $13.1M.
  • Ethereum is tightening in a narrow price band, indicating a potential breakout in either direction. Technical analysis suggests an upward movement towards the $3,000 to $3,100 range.
  • Despite the muted price action, smart money is accumulating Ethereum, taking advantage of the opportunity to buy.

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