Ethereum Nears $2,500 Resistance as Institutional Demand Remains Strong

Ethereum's price has surged over 30% since mid-August, nearing the key $2,500 resistance level. Large investors such as Bitmine and Tom Lee have accumulated 34,000 ETH, while spot Ethereum ETFs saw $1.06 billion inflows in August, the highest in a year.

Technical indicators including a golden cross and rising funding rates suggest strong bullish momentum. If resistance is broken, potential targets between $2,800 and $3,400 are possible. However, failure to hold these levels could lead to a pullback towards $1,900 or $1,500.