Ethereum is holding near $2,750 after breaking above roughly $2,661, completing a bullish continuation pattern identified by Reuters technical analysis and returning $3,000 to focus. The setup points to a potential target near $3,050, although ETH may first encounter resistance in the $2,775-$2,825 range. A sustained move above that zone would make the path toward $3,000 clearer and reinforce the technical structure formed since the earlier resistance break. The recovery has already carried ETH above the $2,500 area highlighted in a recent Ethereum breakout analysis, while Coinpaper tracked ETH's move beyond the $2,500-$2,550 zone. Supply conditions are also supportive: Ethereum exchange reserves recently fell to about 14.88 million ETH, a multi-year low, and staking (locking crypto to earn rewards) continues to remove a substantial share of circulating supply. U.S. spot ETH ETFs recorded $216.4 million in daily inflows on Sept. 11, lifting cumulative inflows to about $13.38 billion. The combination of new demand and fewer readily available coins could provide a favorable backdrop for the rally, a supply dynamic Coinpaper examined in its analysis of whether Ethereum is running out of sellers.