Ethereum has broken above the $2,700 mark, signifying a significant breakout that is now acting as strong support. This surge in price is fueled by record staking numbers, increasing institutional investment demand, and robust ETF inflows. 34.8 million ETH in staked holdings currently represent nearly 29% of the circulating supply, reflecting a shift towards long-term holding strategies. Weekly inflows of $295M into Ethereum investment products, combined with the growing interest in ETFs for the asset, underscore increasing confidence among institutional investors. This bullish momentum is further supported by the recent break above key technical levels and the completion of a bullish pennant pattern. The combination of these factors suggests that Ethereum has strong potential for continued upward movement.