Ethereum’s price is nearing the $2,800 mark, fueled by positive signals from US market trends. Recent data suggests increased institutional interest with a surge in ETF inflows and declining Ethereum exchange reserves. Analysts are observing these indicators as potential signs of a bullish reversal. Specifically, technical patterns suggest a five-wave correction structure, currently in the first wave (a), followed by an anticipated second wave (b). This pattern is predicted to support a potential rebound towards $2,800. Additionally, Ethereum’s Coinbase Premium Index has shown improvement with investor willingness to pay closer to global prices. With growing institutional flows into US Ethereum ETFs and decreasing exchange supply, the market seems poised for positive momentum. While broader market trends remain uncertain, these developments suggest a cautious optimism regarding Ethereum’s near-term performance.