Ethereum just nudged higher, but what’s fueling the lift?
At $2,702.14, ETH is up +0.5% on the day, backed by a 24‑hour volume spike to $190 M—signaling renewed buying interest around the $2,700‑$2,750 range. The price broke through the short‑term resistance at $2,695 and is now testing the next ceiling near $2,750, a level that historically acted as a swing point. On‑chain data shows a modest net inflow to exchanges, suggesting that while some traders are positioning for a short‑term rally, many are still holding for longer‑term upside.
If the momentum holds, a break above $2,750 could open the path toward the $2,800‑$2,850 zone; a pullback below $2,680 might see the pair retest the $2,650 support.
At $2,702.14, ETH is up +0.5% on the day, backed by a 24‑hour volume spike to $190 M—signaling renewed buying interest around the $2,700‑$2,750 range. The price broke through the short‑term resistance at $2,695 and is now testing the next ceiling near $2,750, a level that historically acted as a swing point. On‑chain data shows a modest net inflow to exchanges, suggesting that while some traders are positioning for a short‑term rally, many are still holding for longer‑term upside.
If the momentum holds, a break above $2,750 could open the path toward the $2,800‑$2,850 zone; a pullback below $2,680 might see the pair retest the $2,650 support.