$ETH has recently shown renewed momentum, driven by significant institutional interest, particularly with the continuous inflows into spot ETH ETFs. These ETFs have seen weeks of positive inflows, indicating a growing confidence among traditional financial players. Network activity remains robust, especially when considering its Layer 2 scaling solutions, which boast substantial total value locked (TVL).

Looking ahead, the forecast for Ethereum remains largely optimistic. Analysts anticipate further upside. Key drivers for this bullish outlook include ongoing technological upgrades like the Pectra update, continued growth of its DeFi and NFT ecosystems, and increasing institutional adoption. While resistance levels exist, the strong fundamental growth and evolving regulatory landscape for ETH ETFs suggest a positive long-term trajectory.