📈Market Momentum & Institutional Interest
Ethereum has experienced a significant 46% surge in the past 30 days, driven by growing institutional interest and consistent inflows into spot Ethereum ETFs. Notably, U.S. spot Ethereum ETFs have outpaced Bitcoin ETFs in weekly inflows, indicating a shift in institutional focus toward Ethereum.
Analysts are optimistic about Ethereum's potential to break through the $3,000 mark, citing the strengthening ETH/BTC ratio and sustained demand for Ethereum-based financial products.
🔧 Network Upgrades & DeFi Resurgence
The recent Pectra upgrade has enhanced Ethereum's scalability and staking capabilities, contributing to renewed investor confidence. Additionally, Ethereum has reclaimed its dominance in the DeFi sector, with automated bots facilitating a record $480 billion in stablecoin transfers on its network in May.
📊 Technical Outlook
Ethereum is currently consolidating around the $2,600 level after a recent peak near $2,800. Technical analysts are observing a bullish pennant pattern, suggesting a potential breakout if Ethereum surpasses the $2,700 resistance level.
🧠 Strategic Developments
The Ethereum Foundation has introduced a new treasury policy aimed at ensuring sustainable development over the next 18 months. This move underscores the Foundation's commitment to long-term growth and stability within the Ethereum ecosystem.
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