Ethereum (ETH) has displayed notable resilience in recent weeks, surging 50% in just 15 days to test a critical resistance level of $2,700. Ethereum’s rally has thrilled novice investors and experts alike, who now watch closely to see if the coin can climb over its active realized price of $2,900.

Glassnode’s data reveals that recent price movements on Ethereum represent a big change in market trends. In early May, ETH climbed over its realized price of $1,900 and its true market mean of $2,400, which means most holders are back in the green and the market is strong.

Ethereum Struggles at $2,700 Amid Market Turmoil

Ethereum Dips Below $2,600 Amid Tensions

Even with all this improvement, Ethereum’s pace has hit an obstacle. On Thursday, the price of ETH fell 2.5% to remain under $2,600 as daily trading fell by about 25%. The dip follows a surprise move from President Donald Trump who promised a 50% tariff on the European Union beginning in June 1.

Global political concerns have dropped many coin prices, proving that they react to wider economic developments. In any case, experts are watching the situation carefully. Ali Martinez, a well-known crypto strategist, said ETH likely faces little resistance above the $2,370 point.

Ethereum Struggles at $2,700 Amid Market Turmoil

If the price of Ethereum stays above this level, it may continue upward when the volatility from other events subsides. At the same time, institutions are actively involved in Ethereum. This week, buying into spot Ethereum ETFs was significantly higher, with an additional $110 million invested on Thursday.

Ethereum’s Next Test: Breaking $2,900 Barrier

Among all the Ethereum ETFs, Grayscale’s ETHE led the group with inflows of $43.7 million and Fidelity’s FETH came in close second. Cryptocurrency investors have reacted to a rise in Ethereum ETF activity, believing in its future chance for growth.

Even so, some news has given investors a cause for concern. SEC has decided to postpone their answer on 21Shares’ proposal to introduce staking capability into their Ethereum ETF. As a result of this short pause, people can see that innovative crypto products for investment will still face a lot of uncertain regulation while demand increases.

Following Ethereum’s rise, everyone is wondering if the coin is strong enough to revisit the $2,900 area. Confirming this level would both assist the ongoing rally and highlight a potential new stage of growth for Ethereum.