Ethereum Price Analysis: Could $2,850 Be the Next Stop?

Despite a sideways trend in the cryptocurrency market today, Ethereum (ETH) has seen notable price movement driven by its fundamentals and strong on-chain activity. Notably, exchange balances have dropped to their lowest point in seven years, signaling increased investor confidence and reduced sell pressure. 321 million dollars worth of inflows into Ethereum-based ETFs further highlight institutional interest in this digital asset.