Ethereum (ETH) rose above $2,700 on Tuesday, extending a recovery that began when buyers returned near a key on-chain price level. The rebound followed a difficult stretch for the cryptocurrency: ETH had slipped below $2,400 last week after the Clarity Act failed to advance in the US Senate, while a Federal Reserve rate hike added to uncertainty across risk assets. The move back above $2,700 suggests investors were willing to buy the decline. Yet the data behind the rally presents a less uniform picture. Spot Ether ETF inflows have improved, but deposits to exchanges have also increased, and activity in perpetual futures turned less bullish on Monday.