According to the chart expert, the Ethereum price has no resistance ahead, which means it has a clear path to clearing the liquidity at $2,700. A breakout from this zone will ensure a smooth sail for the Ethereum price towards the psychological $4,800 zone.
Besides these technical complexities, Ethereum is taking the lead on the institutional front. The cryptocurrency was a top performer among the exchange-traded products (ETPs), attracting within seven days. This represented 26% of all the inflows within the period and brought ETH’s YTD total to over $575 million.
CoinShares, , attributed the increased inflows to renewed investor optimism following the Pectra upgrade. Looking ahead, Ethereum bulls are also gearing up for its next major network upgrade, the Fusaka hard fork, to push its price towards $4,800.
The upgrade is scheduled for late 2025 and will focus on scalability, gas efficiency, and streamlining developer tooling. It is part of Ethereum’s long-term roadmap toward greater modularity and faster execution.
