ETH Fails to Hold $2,800 Amid Strong Institutional Demand

Ethereum's recent price action has left investors wondering what comes next for ETH. The cryptocurrency briefly reached $2,804 this week before falling back into the upper-$2600s.

This puts Ethereum between support around $2600-$2660 and a resistance zone stretching from approximately $2775 to $2825.

Despite slowing price momentum, institutional demand has remained positive, with U.S. spot Ethereum ETFs recording net inflows of over $576 million in four sessions, starting on September 21st.

This strong institutional buying activity suggests that investors are still adding exposure even after ETH's recent rebound.