[Analysis: Ethereum's Next Target Price Could Be $2,800, Short-Term Upside Potential Emerging] Odaily Planet Daily reports that Ethereum has recently shown strong rebound momentum, with multiple technical and on-chain indicators suggesting it may challenge the $2,800 level in the short term. On Monday, ETH trading volume increased, breaking the previous bearish pennant on the daily chart and reclaiming key moving averages, including the 20-day EMA ($2,072) and the 50-day EMA ($2,210). From a technical perspective, the symmetrical triangle pattern indicates that if the price breaks above the upper trendline, the theoretical upside potential could reach $2,850, corresponding to the 200-day EMA. Meanwhile, the next resistance level is near the 100-day EMA at $2,500. On-chain data shows concentrated resistance for Ethereum in the $2,770–$2,880 range, where over 7.9 million ETH are held by long-term holders. Additionally, cost basis distribution reveals an accumulation of over 3 million ETH near the $2,800 level, providing a potential pathway for the price to reach this level in the short term. Considering multiple factors, $2,800 could become a key target for Ethereum's next phase. (Cointelegraph)