As of today, the price of #Ethereum (ETH) fluctuates around $2500-2700, demonstrating a strong recovery from mid-May lows of around $1840. Market sentiment has shifted to bullish, especially after Ethereum broke above the descending trend line that had constrained price movement for several weeks.

Analysts are confident that June will bring a new wave of growth. Institutional investments in Ethereum ETFs confirm high interest, and the Pectra upgrade and resolution of internal disputes within the Ethereum Foundation enhance trust in the asset.

Technical analysis shows that Ethereum is trading above the 20/50/100/200-day EMAs, indicating a resumption of strength in both the short-term and medium-term. If the price can establish itself above the resistance level of $2925, a rise to $3150 and potentially $3500 later this month is possible.

Keep an eye on market dynamics, especially the #FOMC meeting on June 17, as decisions from the Federal Reserve may impact further movement #ETH