ETH Breaks Above $2,800, Up 6.43% in 24 Hours

The level itself matters less than the fact that ether cleared it on a single venue's order book, which says more about thin, momentum-driven liquidity than about a broad repricing across spot markets. A move of this size in a day tends to be macro- or flow-driven rather than fundamental, so the composition of the buying is the real signal. Whether the gain holds above the prior range, or fades once the initial impulse passes, is the open question.