$ETH

ETH is currently experiencing a bullish sentiment, driven by significant institutional inflows into ETH ETFs (seven consecutive weeks of inflows, totaling over $1.7 billion year-to-date) and rising open interest in futures. While some technical indicators suggest overbought conditions, the overall outlook is positive, with analysts eyeing $3,000 as a potential short-term target if it breaks above $2,800. Key factors influencing its price include market demand, network developments (like the Pectra upgrade), overall crypto market trends (especially Bitcoin's movement), and institutional adoption.