Ethereum Breaks Resistance at $2,700, Attracting Institutional Investment

Ethereum’s price is nearing its crucial 200-day Simple Moving Average (SMA) around $2,700, attracting considerable interest from institutional investors. Recent data shows a surge in investment products for ETH, reaching $205 million weekly inflows and reinforcing the growing demand. This influx has also been accompanied by increased whale activity, with wallets holding over 1,000 ETH seeing a significant rise of 15%. If Ethereum surpasses this resistance, it could signal a larger uptrend towards $3,600.