Ethereum (ETH) is showing renewed strength as it outpaces Bitcoin in short-term gains and approaches a key resistance level that could trigger a strong upswing. After a prolonged period of sideways trading, ETH has gained more than 12% over the past few days, compared to Bitcoin’s more modest 4%–5% rise. With ETH trading near the critical $2,800 mark, market analysts and traders are closely watching for a breakout that could send the price soaring toward $3,300 in the coming weeks.

A major driver behind Ethereum’s resurgence is a noticeable increase in institutional interest. According to recent data, while institutions sold off roughly 889 BTC during the last trading session, they simultaneously accumulated 5,410 ETH. This stark divergence suggests growing confidence in Ethereum’s near-term potential. Accumulation addresses — typically linked to long-term holders — are also seeing a surge in ETH inflows, indicating that well-capitalized players may be positioning themselves for a major move.

This uptick in institutional accumulation comes at a time when retail investor interest had faded due to months of stagnation in ETH’s price. The long period of sluggish price action led many smaller traders to offload their holdings. Now, it appears those assets are being scooped up by more sophisticated entities, adding strength to the ongoing rally.

One of the most bullish signals for Ethereum comes from its recent Pectra upgrade, which has notably increased token burn rates. As ETH becomes scarcer due to more aggressive burning, the supply dynamics continue to tilt in favor of the bulls. This has historically been a key element in Ethereum’s price surges, as reduced supply often precedes significant upward moves in demand-driven markets.

From a technical perspective, Ethereum is nearing the edge of a long consolidation pattern that dates back several months. A breakout from this zone could trigger a powerful rally. Two critical indicators — the Ichimoku Cloud and the Directional Movement Index (DMI) — are on the verge of confirming a bullish crossover on the weekly chart. If confirmed, this would reinforce the likelihood of a mid-term rally.

Ethereum’s price is also trading between its 50-day and 200-day moving averages, which are acting as dynamic support and resistance levels. Historically, ETH has never suffered a death cross on the weekly chart, making the current price range between these moving averages a potential springboard for a bullish breakout. The structure suggests strong underlying support that could prevent any significant downside from this level.

A successful breach of the $2,800 resistance could turn this price point into a key support zone, offering ETH a solid base to climb higher. If momentum continues, Ethereum could target the trend reversal zone around $3,000 — a level that, if cleared, might open the door to a rally beyond $3,500. However, reaching $3,300 remains the more immediate, realistic goal for May, assuming market conditions remain favorable and institutional inflows persist.

Ethereum’s improving fundamentals further support the bullish outlook. With Ethereum 2.0 gradually rolling out and the network shifting toward a more efficient proof-of-stake system, investor sentiment continues to improve. The growing utility of Ethereum in decentralized finance (DeFi), non-fungible tokens (NFTs), and emerging real-world applications adds long-term value that differentiates it from other altcoins.

In summary, Ethereum’s current price action is backed by a convergence of technical strength, increased institutional participation, and bullish on-chain trends. With ETH trading above major moving averages and showing signs of renewed market interest, a breakout toward $3,300 in the coming weeks appears increasingly probable. As always, price action near resistance should be closely monitored, but if Ethereum can flip $2,800 into support, a stronger rally may be just around the corner.