Ethereum faces a crucial resistance level at $2,800 that could determine its next major price movement. Several bullish factors are converging - including tightening supply, persistent institutional demand through ETFs, and favorable technical setups. A decisive break above this level could potentially trigger a rapid price surge toward the $4,000 mark, with analysts warning of possible volatility during such a move. Market participants are closely watching ETH's ability to overcome this key technical barrier.