$ETH is showing signs of a potential recovery but faces challenges. Recent news highlights a price surge past $1,800, driven by Bitcoin’s rally to $94K, reduced short positions, and ETF inflows like Fidelity’s $32.7M. Analysts see $1,900-$2,000 as achievable if momentum holds, with whale accumulation and a bullish pennant breakout signaling optimism.

However, ETH’s market dominance is near historic lows at 7%, and ETF outflows of $909M since Trump’s tariffs reflect bearish pressure. Technical indicators suggest caution, with risks of a drop to $1,100 if support fails. Long-term, Ethereum’s DeFi and NFT infrastructure remains strong, but short-term volatility persists.