Ethereum is currently trading at 2,670 USD, aiming to breach the resistance level of 2,793 USD. If successful, it may lead to an upward trend toward 3,000 USD. Investor sentiment remains strong, reflecting optimism within the markets.

In February, 145,000 ETH valued at over 387 million USD flowed into spot ETFs, indicating strong accumulation. The reduced supply on exchanges to just 6.38% since its launch suggests more investors are holding onto ETH, enhancing its bullish outlook.