Ethereum (ETH) is following the market-wide rebound, registering wholesome good points over the previous few days. The asset is at present dealing with some resistance at round $2530. Ethereum (ETH) final traded at $2500 on February 1 of this 12 months. CoinGecko information reveals that ETH’s value has risen by 32.4% int he final week, 33.9% within the 14-day charts, and 33.1% over the earlier month. Let’s talk about if ETH can hit $2700 this week.
What’s Pushing Ethereum To $2500 And Can It Hit $2700 This Week?
Ethereum’s (ETH) rally comes amid a bigger market-wide resurgence. Bitcoin (BTC) has reclaimed the $80,000 value degree and different belongings are following BTC’s lead. The market rally was triggered after President Donald Trump’s White Home cryptocurrency occasion. Trump invited CEOs and founders of a number of platforms and firms to additional push his administration’s pro-crypto stance. Trump additionally said that the US was planning to buy a considerable amount of Bitcoin (BTC) and different cryptocurrencies. The assertion has doubtless led to surge in investor sentiment. Ethereum (ETH) was fast to comply with BTC’s lead within the rally that adopted.
One more reason behind Ethereum’s (ETH) surge to past $2500 could possibly be the US Treasury’s choice to extend long-term bond buybacks. The transfer has doubtless led to a rise in liquidity which can have trickled into the cryptocurrency market. Ethereum (ETH) might proceed its rally if the liquidity surge stays.
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Ethereum (ETH) can be seeing elevated ETF (Change Traded Fund) inflows. Farside Buyers information reveals that BlackRock’s ETHA ETH ETF noticed greater than $500 million price of inflows since August 19, 2026. Elevated ETF inflows performed a considerable position in ETH hitting a brand new all-time excessive in 2025. If ETF inflows proceed, the asset might very nicely reclaim the $2700 value degree as soon as once more.
