Ethereum is currently trading at $2,971.88, reflecting a +1.5% gain over the last 24 hours. After successfully breaking past the $3,000 resistance earlier in the week, ETH is holding firm amid strong investor interest, ETF inflows, and increasing institutional accumulation.In this article, we will look at Ethereum next target and also look at eth technical analysis and eth news.For on-demand analysis of any cryptocurrency, join our Telegram channel.Ethereum Next TargetCurrent Price: $2,971.8824h Price Change: +1.5%24h Range: $2,919.88 – $3,005.41Market Cap: ~$360 billion24h Trading Volume: ~$15 billionCirculating Supply: ~120.71 million ETHPrice broke back above 200-day Moving Average ($2,516), which signaled resumption of Uptrend. It’s now reached resistance at $3,000. If it breaks that, price could resume it’s Upternd and revisit $3,450 next. Fundamentally, there’s a potential positive catalyst in 2025: if US regulators allow ETH Spot ETFs to stake Ethereum.Buy NowETH Technical IndicatorsRSI: Neutral to slightly bullish — no signs of overbought exhaustionMACD: Bullish crossover — positive daily momentum intactSupport Levels: $2,900–$2,920, then $2,800Resistance Levels: $3,000–$3,020 (immediate), then $3,100–$3,150Trend: Bullish continuation, with short-term consolidation possibleLatest Ethereum News & DevelopmentsWall Street Rotation to ETHFinancial institutions are increasingly viewing Ethereum as a yield-generating digital asset. Several firms have pivoted strategies to hold or stake ETH.ETF Inflows AccelerateEthereum spot ETFs have attracted over $890 million in July so far, with large daily inflows adding bullish momentum and pushing ETH above $3,000.Political & Institutional InterestA new “Blue Chip” crypto ETF filing includes Ethereum.Whale Accumulation OngoingDespite a few large-scale sales, significant whale wallets have added thousands of ETH.Bullish Chart FormationETH recently completed a bullish flag breakout, signaling a strong technical move. Rising open interest is reinforcing the upward trajectory.ETH Summary & OutlookEthereum is showing strong signs of strength, holding support and attracting significant institutional demandBull Case: Sustained break above $3,020 could push ETH to $3,100–$3,150, with upside potential to $3,300+ in the coming weeks.Bear Case: Failure to hold $2,920 may lead to a pullback toward $2,800–$2,850.👉 Short-Term Outlook: Bullish📉 Risk Level: Moderate — watch for market volatility and macroeconomic influencesFor on-demand analysis of any cryptocurrency, join our Telegram channel.Bybit Perp Protect: A Way To Hedge Risks EasilyApple WWDC 2024: Beginning of Apple IntelligenceArbitrum Liquidity Protocol Jimbos Suffers a $7M HackKAVA Price Analysis: Is It a Good Crypto