ETH has rebounded nicely these days, I just checked the price earlier around $2.31K, although the 24-hour increase isn't significant, from a longer-term perspective it's still interesting. The market cap is now around $278.47B, which is more stable than before.

The most interesting part is the institutional inflow activity. During this period, the spot ETF funds have been coming in steadily, especially led by BlackRock, with total inflows now reaching approximately $11.68B. This indicates that major institutions are still interested in ETH, regardless of short-term price fluctuations.

From a technical standpoint, ETH has formed an ascending triangle pattern on the 4-hour chart, which has been developing since February. Every dip is met with buyers, and the support line has been gradually rising, while the resistance level at around $2.395 has remained constant. What does this ascending triangle usually imply? It means the bulls are accumulating strength, waiting for a breakout.

The key now is whether ETH can hold above $2.395. If it can break through effectively, based on the ascending triangle pattern, the target could be around $3,000, roughly a 27% increase. This would be an important signal for Q2 market trends.

Conversely, if it gets pushed down, there's no need to worry too much, because support levels at $2.115 and $2.038 are still in place. As long as the highs are not broken, the structure of this ascending triangle remains valid. So, the next step is to watch how the price moves around $2.395, as this could determine Ethereum's direction in the coming weeks.