Ethereum Darts Through $2,800 as Institutional Flows Meet Technical Support
Ethereum surged 5% this week to $2,806.63, recovering from December’s devastating drop that saw the second-largest cryptocurrency shed 27.6% in a month. The move higher comes as major banks increasingly turn to Ethereum for stablecoin and settlement infrastructure, providing fundamental support just as price tested critical technical floors. The main question for traders is: can this institutional-driven bounce transform into a sustainable trend reversal after ETH lost 35% over three months?