Today ETH surged strongly, with an increase of over 6%, standing at $2,618💥

I think there are three reasons:

1️⃣ Increased institutional inflow: ETF buying continues to boost the sentiment.

2️⃣ Technically breaking through the consolidation range: the price has stabilized above major moving averages, showing a positive trend.

3️⃣ The impact of the Pectra upgrade on developers has boosted activity on the chain.

My judgment:

In the short term, I still see the range of $2,700–$3,000, with a long-term upward structure taking shape.

If institutions continue to increase their positions, ETH really has the chance to start a structural bull market!

#ETH #Ethereum #Crypto #PersonalObservation #DeFi #InstitutionalInflow