Ethereum is anticipated to experience a short-term surge to $3,100 fueled by a potential rebound and growing institutional adoption.
Technician Ted Pillows predicts a pump in the short term, leading to a shift in Ethereum's price trajectory and targeting a price range of $3,100 to $3,300.
Big investors are accumulating Ethereum, particularly through Spot ETH Exchange-Traded Funds (ETFs), reflecting increased institutional confidence and demand for regulated exposure to the asset.
The TD Sequential indicator and Ascending Channel formation also indicate a potential rally, with past instances of a buy signal resulting in significant price rebounds.