Ethereum’s looking strong this month — up +46%, even outpacing Bitcoin’s +39%.
Institutional interest is climbing too: ETH ETF assets under management jumped 12%.
And L2 activity? Absolutely exploding — 13.6M active addresses, an all-time high.
But don’t ignore the risks: ETH got rejected twice at the $2.730 area resistance and 72% of holders are now in profit — prime conditions for some heavy profit-taking.
Plus, the May 31 PCE inflation report could stir macro waters.
Will ETH flip resistance into support — or trap overleveraged longs?