Institutional demand could propel Ethereum to $3,000 — Coinotag

According to Coinotag, the Ethereum price on the four-hour chart exhibits a robust upward trend. Technical indicators collectively suggest Ethereum is poised for continued growth. Meanwhile, the $2,713 level has emerged as an immediate resistance zone.  

Institutional interest in Ethereum is surging, underscored by a CoinShares report that revealed a $321 million inflow into ETH-based investment products last week. US Ethereum ETFs have recorded four consecutive weeks of money coming in, totaling over $653.9 million, thus reflecting investor confidence in the asset.  

Major corporations are adding Ethereum to their digital asset portfolios, highlighting trust in its value proposition. This growing institutional accumulation could reduce volatility in the medium term.  

If the current bullish momentum persists, Ethereum may challenge the $3,000 resistance level. Conversely, a breakdown below $2,500 could invalidate the uptrend and trigger a retracement to $2,377. This level may act as a support zone and a buying opportunity for long-term investors.