#ETHMarketWatch The general trend is one of strong bullish momentum, with the cryptocurrency experiencing a significant rebound in its price.

Here are some key points we should consider in this regard:

* Notable price increase: Ethereum has surpassed $2,700 USD, with a jump of more than 5% in the last 24 hours, reaching peaks around $2,721 - $2,730 USD. This comes after Bitcoin also reached a new all-time high.

* Dominance in spot volume: ETH now represents nearly 27% of the spot volume, slightly surpassing Bitcoin (26.5%), reversing the dynamic of April where BTC dominated with 38%.

* Recovery in the futures market: For the first time in 11 days, the demand for long positions (bets on the rise) in ETH has surpassed shorts, with the long/short ratio above 1. This indicates a significant shift in traders' positioning towards a more bullish outlook.

* Positive technical analysis:

* ETH remains above its 20-day exponential moving average (EMA 20), signaling short-term bullish momentum and control by buyers.

* Analysts suggest that if ETH maintains its momentum and surpasses key resistance levels, it could target a range of $2,745 USD or even beyond, towards $2,859 - $2,981 USD.

* Strong support is observed around $2,369 - $2,370 USD.

* Growing institutional interest: Spot Ethereum ETFs are seeing significant inflows, with over $85 million in the last week alone from Grayscale and Fidelity, demonstrating a growing institutional appetite despite regulatory delays in staking-related decisions.

The Ethereum market is showing clear signs of strength and optimism today, driven by a price increase, a shift in sentiment in futures, and growing interest from institutional investors.