Ethereum price is on the rise, with significant institutional interest and growing buying pressure pushing the token towards crucial resistance levels.
US SEC's approval of staking programs for Ethereum and a bullish pattern breakout zone suggest positive market sentiment and potential price reversal.
Drop in ETH reserves in CEXs indicates self-custody and accumulation, with key resistance breached at $2550 and bullish trends holding.
Price accumulation within a bullish triangle, strong resistance at $2691-$2712, and indicators like CMF and MACD point towards a continued bullish trend towards $3000.