Ethereum’s Breakout Potential: Resistance at $2,790 Could Trigger a Run to $4,000

Ethereum is currently facing strong resistance at the $2,790 level, but analysts predict a potential breakout that could propel prices toward the $4,000 milestone. Institutional inflows into Ethereum ETFs and bullish technical patterns suggest this might be a turning point for the cryptocurrency. 12 consecutive days of inflows into US spot Ethereum ETFs signal growing institutional confidence, while key support levels near $2,400 remain intact. The analysis suggests that ETH is following a Wyckoff accumulation pattern, indicating a bullish setup. This pattern points to a potential surge towards $4,000 after a correction.