$ETH has been consolidating for almost 6 weeks now.

It had a major breakout in May, which resulted in an immediate 50% pump.

Since then, ETH has lost its momentum but the fundamentals are looking good.

Recently, Ethereum surpassed Solana in DEX volume and 24H chain fees for the first time since Q3 2024.

On top of that, stablecoin activity on Ethereum is rising too.

Looking at the daily RSI, it looks like a clean retest and bounce.

I think $ETH could rally towards $3K this month, and will possibly break above it.

After that, $4K will be just a matter of time.