Ether has seen steady buying from institutional investors, with inflows into Ether exchange-traded products (ETPs) continuing for the 11th consecutive week. This trend has contributed to a positive sentiment around ETH, as the price remains above the 20-day exponential moving average ($2,507). For Ether to establish a new trend, bulls need to push the price above the significant resistance level of $2,635, which would open the way to further gains towards $2,738. However, if Ether fails to maintain this upward momentum and closes below the 20-day EMA, it may drop to a solid support at $2,323. Additionally, the ETH/USDT pair is forming a symmetrical triangle pattern on the 4-hour chart, indicating a standoff between buyers and sellers, with a breakout above the triangle suggesting a potential surge to $2,751, while a drop below indicates a bearish shift.

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