Ethereum ($ETH ) is trading at approximately $2,610.62 USD, reflecting a 2.83% increase over the past 24 hours and a 6.80% rise over the last week, with a market capitalization of around $315.15 billion and a 24-hour trading volume of $16.69 billion. The market sentiment remains cautiously optimistic, driven by strong institutional interest, evidenced by consistent inflows into spot Ethereum ETFs, which have seen positive flows for eight consecutive weeks, totaling over 61,000 ETH. Technical indicators suggest a neutral to bullish outlook, with the Relative Strength Index (RSI) at 53.05, indicating neither overbought nor oversold conditions, while the 50-day moving average trends upward, supporting short-term bullish momentum. However, Ethereum faces challenges from competing blockchains like Solana, which has outperformed in transaction volume, and inflationary tokenomics that may cap price growth without further network upgrades like the recent Pectra update, which enhances scalability and fee efficiency. Analysts predict ETH could test resistance levels between $2,700-$3,000 soon, with potential to reach $3,500-$5,000 by year-end if bullish trends and ETF inflows persist, though macroeconomic uncertainties and regulatory developments could introduce volatility.