According to CoinMeta, the price of Ethereum remained at $2,500 on August 27, with a bull market target of $3,000. As of the time of writing, the price of Ethereum ($ETH) was near $2,507, representing an increase of about 7.8% from the opening price of $2,326 on August 21. The token reached a high of $2,566 within a week and subsequently fluctuated narrowly around the psychological level of $2,500. This upward movement was fueled by strong inflows of US spot ETF, which improved global liquidity conditions and was accompanied by a historic squeeze of bears. The daily chart of Ethereum shows that the price is almost exactly at the $2,500 Murrey Math resistance level. Maintaining a price above $2,500 will turn this previous resistance into support and enhance the possibility of further gains.