Ethereum eyes breakout above $2,400 amid strong technical signals and rising demand.

Ethereum price is testing the $2,400 resistance level after rebounding to $2,393, with technical indicators like a looming bullish MACD crossover and a sustained Supertrend uptrend suggesting potential upside. ETF inflows of $101 million and a decline in Ethereum reserves on exchanges to the lowest since 2016 indicate improving demand and reduced selling pressure. If Ethereum decisively breaks above $2,400, it could move toward the next key resistance at $2,772, signaling a possible strong rally ahead. These factors combined point to a likely breakout from the current narrow trading range.