Ethereum Flips Key Resistance, ETF Demand Returns, Analysts Eye Next Leg Higher

Ethereum has broken above key technical resistance levels and is trading at $2,316, with analysts identifying multiple bullish signals including a flip above the 100-day moving average, an ascending triangle breakout, and a reversal in derivatives order flow. Institutional demand has returned through US Spot Ethereum ETFs, which recorded $275.83 million in weekly inflows—the strongest since mid-January—suggesting the conditions for a meaningful upward leg are forming.

Ethereum's recent price action presents a convergence of technical and on-chain indicators that analysts interpret as the foundation for renewed upside momentum. The asset's break above the 100-day simple moving average, which had consistently rejected higher prices since November 2025, represents a fundamental shift in short-to-medium term momentum. Coupled with the formation of an ascending triangle pattern—where previous resistance has been converted into support—the technical setup suggests buyers are reasserting control at higher timeframes.

The most significant development extends beyond chart patterns. Derivatives markets have undergone a structural reversal, with net taker volume shifting positive at $102 million, marking the first time in the current cycle that buy-side volume has dominated sell-side pressure. This metric carries historical weight; the last time Ethereum experienced comparable buying pressure on derivatives was during the 2022 bear market when ETH traded around $1,000, indicating the scale of current institutional accumulation.

Institutional participation through US Spot Ethereum ETFs provides additional confirmation of renewed demand. Weekly inflows of $275.83 million represent the strongest capital influx since mid-January, suggesting asset managers and large investors are repositioning for upside. This capital flow aligns with the positive derivatives order book data, creating a multi-layered bullish case.

The sustainability of this recovery depends on Ethereum maintaining the $2,300 support level. If buyers continue absorbing selling pressure and the positive net taker volume persists, the foundation for a structural recovery strengthens. However, this remains an early-stage reversal requiring confirmation through continued price stability and sustained institutional inflows.

• →Ethereum broke above the 100-day moving average and $2,300 resistance, establishing new technical conditions for upward momentum.
• →Derivatives net taker volume turned positive at $102 million for the first time in the cycle, indicating buyers now control order flow.
• →US Spot Ethereum ETFs recorded $275.83 million in weekly inflows, the strongest since mid-January, signaling institutional re-entry.
• →An ascending triangle pattern has formed with previous resistance converted to support, setting up the technical framework for the next leg higher.
• →Ethereum must hold above $2,300 support to confirm the bullish thesis and trigger the anticipated recovery phase.