Ethereum Surges Toward $2800 Resistance

Ethereum Shows Renewed Strength Amidst Critical Resistance Test

• Ethereum is trading above $2,700, recently reaching a high of $2,790.
• The ETH spot premium remains firm, indicating sustained demand without ETF-level inflows.
• The resistance zone between $2,700 and $2,800 is crucial for Ethereum’s next move.
• Global macro conditions like rising U.S. Treasury yields and inflation impact market stress.
• Ethereum is currently at $2,731 on the 4-hour chart with strong bullish momentum.

Ethereum’s price action above $2,700 signals renewed strength as it tests the critical resistance level of $2,800. The firm ETH spot premium and increased trading volume highlight sustained demand amidst challenging macroeconomic conditions.