$ETH $USDC shows a significant bullish momentum, currently trading around $2,800 after a spike to 15-week highs. Institutional flows and accumulation by whales are driving this upward trend. Technical analysis suggests a potential push towards $3,000-$3,500 if it decisively breaks the $2,800 resistance. Daily transaction volumes reached an annual record at the end of May, indicating strong on-chain activity. Although some indicators show that ETH is overbought in the short term, the overall outlook remains optimistic, with forecasts reaching up to $5,900 by the end of 2025. The breakdown of the BTC/ETH ratio also suggests a broader altcoin rally.