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Look at what's happening with Ethereum right now... ETH is trading around $2.33k, with a gain of +2.64% in the last 24 hours. The market capitalization remains steady at approximately $281.66 billion. But what's really interesting is what the charts are showing.
Spot ETF flows continue to be positive, signaling that institutions are entering strongly. This adds more confidence that serious money is behind this movement. And looking at the 4-hour chart, you can clearly see an ascending triangle pattern forming since February. The structure is well-defined: higher lows pressing against a horizontal resistance near $2,395.
What draws attention is that ETH has been consistently bouncing off the ascending support line. If it manages to break this ascending triangle with a close above $2,395, the projection points to around $3,000 to $3,036. That would be approximately a 27% move from here. Psychologically, surpassing the $3K would be very important.
Of course, if it gets rejected at this resistance, it could retreat to $2,115 or retest $2,038. But as long as the ascending triangle pattern holds with higher lows, the bullish structure remains intact. Traders are eyeing the $2,395 level. The coming weeks should be decisive for Ethereum.