Ethereum is holding strong support between $2,300–$2,400 with institutional inflows and accumulation activity.
ETH's price is range-bound between $2,227–$3,385, and a breakout above $2,800 is key for a potential rally towards $3,000.
A positive sign for Ethereum is the 7-day moving average crossing above the 14-day average, indicating momentum towards $3,000.
Despite recent price declines, Ethereum benefits from ETF inflows, long-term holder accumulation, and corporate adoption, with a breakout above the price range needed for sustained bullish momentum.