$ETH trades at $2,854, recovering from May lows. The recent rally is being driven by spot ETF flows ($837M in 2 weeks) and the Pectra upgrade, which reduced costs on L2s like Arbitrum and Base.

Technical Levels:

– Resistance: $2,850–$3,000

– Support: $2,500–$2,400

– RSI neutral, cup-and-handle formation developing

Outlook:

Positive consolidation: breakout above $2,850 can open towards $3,200. Eyes on volume and on-chain structure. Institutional momentum rising.