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Ethereum eyes breakout above $2,800 after steady ETF inflows and bullish chart pattern

Technical Signals
07 May 2026
Crypto news
View Source
Bullish
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Ethereum price reached a weekly high above $2,400 before stabilizing near $2,300 amid easing geopolitical tensions. Institutional demand remains strong as spot Ethereum ETFs saw over $270 million in inflows for four consecutive days. A confirmed bull flag pattern on the daily chart suggests a potential breakout above $2,800, with momentum indicators supporting a continued uptrend. If momentum holds, Ethereum could rally toward $3,000; otherwise, a drop to $2,200 support is possible.

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