I've noticed that ETH is making noise right now. The price is oscillating around $2,330, with a slight decrease of -2.69% over the past 24 hours, but what really interests me is the technical structure that is forming.



The interesting thing is that since February, we have clearly seen an ascending triangle pattern forming on the 4H chart. The lows are gradually rising, buyers are holding the support line well, and we are approaching a critical resistance zone around $2,395. This kind of setup often precedes strong movements.

What reinforces my conviction is the continuous influx of spot ETFs. Institutional inflows remain solid despite volatility — we saw net inflows of $64.95 million on April 10 and $85.19 million on April 9. BlackRock and other major players continue to accumulate, which suggests underlying confidence. As of April 13, total net inflows had reached $11.68 billion.

If ETH breaks through this resistance at $2,395, analysts point toward a target around $3,000–$3,036, which would represent an increase of about 27% from current levels. It seems ambitious, but with this ascending triangle and support from institutional flows, a bullish scenario cannot be ruled out.

Of course, if it fails, a pullback to $2,115 or even $2,038 remains possible in the short term. But as long as the pattern of rising highs and lows holds, the overall trend remains favorable. The coming days will be decisive — everything hinges around this level of $2,395.
ETH-1.44%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin