Ethereum's move to $2,800 has stalled, but ETF inflows and on-chain indicators are keeping a bullish longer-term case in view. ETH gained roughly 8.5% over the past month before reaching $2,800 and pulling back. That level had been the short-term target, serving as a breakout from a bullish flag pattern. Whether Ethereum can regain $2,800 is now a key question for traders. Ethereum ETF inflows support demand The recent rally was fueled by massive inflows into US spot Ethereum ETFs. US spot Ether ETFs recorded six consecutive days of net inflows totaling $834 million. Sustained inflows can indicate demand for exposure to ETH, although they do not establish where its price will move next.