Ethereum is just one step away from 2400. Bitcoin has stabilized above $80k, while ETH remains stuck in the 2300-2400 range, repeatedly digesting selling pressure. This kind of stagnation pattern is the most typical accumulation window before a breakout. 2800 is not only possible but also the most probable target to be realized soon.

First, ETF funds are racing ahead, with BlackRock leading the charge. Last week, the US Ethereum spot ETF saw a net inflow of $155 million, with BlackRock's ETH A share contributing $138 million alone. On Monday, the single-day net inflow broke $61 million, with BlackRock's ETH A taking in nearly $55 million. Even Cathie Wood, known as "Woodie," openly admitted to continuously buying large amounts of ETH. Wall Street is not retreating but systematically bottom-fishing around 2300.

Second, on-chain sell orders are being penetrated by whales. Over the past four days, whales have accumulated a total of 140k ETH, continuously scooping up at low levels. Meanwhile, Ethereum exchange reserves have fallen to the lowest level since 2016, with few chips left to sell on the market. As supply shrinks again and again, buy orders keep coming in, naturally pushing the price toward the least resistant direction.

Third, technical patterns have confirmed a breakout. Analysts clearly point out that ETH has completed a bullish flag breakout. Short-term resistance is at the $2400-2460 range. Once volume stabilizes above this level, the next technical targets are $2577 and $2772 by the weekend, with a long-term target of $2800-3000. The daily MACD is about to form a golden cross, RSI remains above 50, and the bullish side of the market has become irreversible.

Fourth, capital rotation has begun, and a rally is imminent. During the interim period when Bitcoin surged above $80k and then retreated, a large amount of capital missed the move and is now looking for the next high-potential exit. Analysts generally believe that ETH is seriously lagging behind BTC. Once the $2400 level is effectively broken, a rally to catch up will be triggered. The first target is $2570, heading straight to $2768. The expensive congestion zone between $2750 and $2850 is not the end—analyst Dami-DeFi predicts that after breaking $2400, ETH could trigger a strong rally toward $2800-3000. In fact, some analysts have already set their intraday profit-taking targets at $2450 and are revisiting the main resistance zone at $2500-2700. When a structural breakout rally is ignited, the upward momentum will accelerate on its own. Those hesitating now will only keep asking the same question when ETH finally breaks through $2800—"Can I still chase?"