Ethereum's price surged towards $2,800 today, fueled by several positive market factors. A bullish continuation pattern, known as a bull flag, has been confirmed on the daily chart, suggesting potential for further gains. Additionally, Ethereum futures open interest has reached a new high, with large investors actively increasing their positions. The total holdings on major trading platforms now stand at approximately $37.3 billion, indicating a strong bias towards long positions. Moreover, spot ETH ETFs have seen significant inflows, with about $394 million entering over the past eight days. Notably, the BlackRock ETHA Fund contributed $288 million to this total, reflecting growing institutional interest. These developments have bolstered market confidence, with expectations for Ethereum's upward trend to continue.