Ethereum Nears $2,700 As $837M ETF Surge, May be Reaching Critical Inflection Point

Ethereum ETH/USD is trading near $2,700. The 7% rise follows a record 15-day ETF inflow streak, fueled by Pectra upgrade optimism. Amid the price movement, veteran chartist Peter Brandt identified a critical symmetrical triangle formation, signaling a potential price jump as capital rotates from Bitcoin BTC/USD.

Ethereum ETFs saw a record-breaking inflow totaling $837.5 million since the middle of May, driven by institutional demand and optimism following a Pectra upgrade. The upgrade boosted EIP-7702 transactions and improved wallet usability without altering addresses. IShares Ethereum Trust ETF ETHA led the inflow surge, while total Ethereum ETF assets climbed to $3.33 billion. Further momentum is expected if staking-enabled ETFs, like the pending REX Shares proposal, receive approval.

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Revitalized Ethereum Foundation research fueled 23 consecutive Trust net inflows. A breakout could catalyze a swift move toward the $2,900–$3,000 range, a target increasingly echoed for July 2025.

Ethereum appears to be nearing a decisive technical inflection point, with Peter Brandt citing a transition from a prolonged descending channel into a symmetrical triangle, which is a harbinger of significant moves. Capital rotation from Bitcoin toward Ethereum has intensified, underscored by mounting institutional imperatives. Brandt’s cryptic optimism, in his remark that “Every dog has its day,” signaled that Ethereum may finally be prepared to reclaim narrative dominance in the digital asset hierarchy.

According to The Block, Siebert Financial Corp. SIEB is entering the crypto arena with plans to raise up to $100 million for investments in ETH, other cryptocurrencies, and AI ventures. Following SEC approval of its S-3 registration, the firm joined a rising wave of corporates building digital asset reserves. CEO John Gebbia believes the move is key to scaling Siebert's innovation roadmap.

Tenderly CTO Bogdan Habić emphasized that developer tools and transaction throughput are central to Ethereum's future while arguing that ease of development is the real bottleneck in Web3 growth. In an ETH Belgrade 2025 interview, he explained how rollups and app chains will drive adoption, not by replacing Ethereum but by becoming key actors on-chain.

According to Decrypt, Plasma’s ICO vault triggered massive Ethereum activity, with one trader spending over 39 ETH (~$100K) in priority fees to front-run the $500M deposit wave. The vault operated via Ethereum's Sonar platform, reigniting 2017-style gas wars and congestion. It signals resurgent demand for ICOs and places Ethereum squarely at the center of speculative stablecoin infrastructure.

Ethereum is hovering around $2,668-$2,690, marking a notable 24-hour gain of approximately 7-8%. It briefly breached $2,707 intraday, propelled by relentless institutional accumulation in ETH ETFs, notably BlackRock’s iShares Trust. Critical technical resistance now converges at $2,700. A decisive breakout could ignite momentum toward the $3,000 threshold. Downside support is holding near $2,500-$2,560. RSI is nearing overbought territory (74-76), while moving averages sustain bullish signals.

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