Ethereum has seen a strong recent rebound, with multiple technical and on-chain indicators suggesting a potential short-term push towards the $2,800 level. Monday saw increased ETH trading volume, breaking the previous bearish pennant pattern on the daily chart and recovering key moving averages, including the 20-day EMA ($2,072) and the 50-day EMA ($2,210). Technically, the symmetrical triangle pattern suggests that a break above the upper trendline could theoretically lead to a move up to $2,850, corresponding to the 200-day EMA. Meanwhile, the next resistance level is around $2,500, near the 100-day EMA. On-chain data shows that resistance for Ethereum is concentrated in the $2,770–$2,880 range, where over 7.9 million ETH are held by long-term holders. Furthermore, cost basis analysis indicates an accumulation of over 3 million ETH around $2,800, providing a potential path for a short-term price test of this level. Considering multiple factors, $2,800 may become a key target for Ethereum in the next phase. (Cointelegraph)