I noticed that Ethereum has been holding around $2.33K in recent days, even though it dropped 2.95% over the past 24 hours. Interestingly, despite this correction, the market capitalization remains at $280.66 billion — it seems investors are not panicking.

What draws attention is the constant inflow into spot ETFs. I saw data indicating several waves of purchases at the beginning of April: $64.95 million, then $85.19 million, and later $120 million in one day. This clearly shows that large players continue to accumulate despite volatility. Total assets in Ethereum spot ETFs have already surpassed $12.98 billion.

On the 4H chart, I see a classic ascending triangle that has been forming since February. The pattern looks textured — a series of higher lows pressing against horizontal resistance around $2.395. Every time the price pulls back to the upward support line, the last bounce was from $2.038, buyers return and push the price back up. This is typical behavior for an ascending triangle before a breakout.

If ETH breaks through this level of $2.395 with a close above, the ascending triangle suggests a target level of around $3.036. From the current $2.33K, that’s approximately a 30% increase. Psychologically, the $3,000 level looks like a significant milestone — if we reach it, it could trigger the next wave. However, if there’s rejection at resistance, a pullback to $2.115 or even $2.038 is normal; the ascending triangle structure won’t break as long as the lows continue to rise.

Overall, the picture looks bullish. Institutional inflows support demand, and the ascending triangle on the chart indicates readiness for upward movement. The key point is a breakout above $2.395. If that happens in the coming days, we can expect a move toward $3.000–$3.036 within a few weeks.