ETH is starting to look alive again.
After bouncing from the $2,180 support area, Ethereum climbed roughly 8% from its monthly lows and pushed into trendline resistance, reaching the $2,395 zone. That move matters because it shows buyers are stepping back in, but the real test is still sitting right in front of the market at $2,400.
What makes this setup more interesting is that price action is now being supported by stronger positioning in the background. Institutional conviction appears to be building, with Bitmine increasing its ETH exposure to 4.87M tokens, around 4% of total supply. On top of that, US spot ETH ETFs posted $9.44M in net inflows, extending a three-day positive streak.
Market structure is improving too. Whale wallets are becoming more active, momentum is recovering, and sentiment is shifting from defense to cautious optimism. Still, this is not the kind of level traders should ignore. If ETH secures a clean hold above $2,400, the breakout conversation gets much more serious. If not, this area could still act as a wall.
The next move likely decides whether this was just a relief bounce or the start of a broader trend shift.
Do you think ETH is ready to reclaim higher ground, or does $2,400 reject again? Drop your view below.
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