The price of ethereum, or 1 ETH, traded at $2,630.03, as of 8 a.m. ET. The highest intraday price that ethereum reached in the past year was $4,088.00 on March 12, 2024. *The return comparisons are as of 8 a.m. ET.

The rising demand for Ethereum, as shown by notable cash inflows to US spot Ether ETFs, is a major boost for bullish outlook.

ETH forms a bullish triangle, signaling a potential breakout. The price target is set at $3,500 for the next rally. Breaking the $2,620 resistance confirms

Ethereum launched in 2015 and is the most popular altcoin. Along with bitcoin, it has become one of the most recognizable forms of cryptocurrency. The chart pulls data as of 8 a.m. ET daily and doesn’t display intraday highs or lows.

While Ethereum has faced challenges, investors should remain confident that its long-term growth and innovation will prevail over short-term hurdles.

This market setup suggests buyers are stepping in, and Ethereum might witness more uptrends in the coming days. So, what's next for ETH?