🚀 Ethereum $ETH has shown a modest 1.05% increase over the past week, currently trading around $2,630. Despite this slight uptick, the broader market sentiment remains bullish, especially with Bitcoin reaching new highs above $110,000.

📊 Technical analysis indicates that ETH is consolidating within a 'bull flag' pattern, with key resistance levels at $2,700 and $2,800. A decisive breakout above these levels could pave the way for a rally towards the $3,000 mark.

🔍 Additionally, institutional interest is growing, with some traders targeting $6,000 ETH by year-end through call options strategies. The recent Pectra upgrade and the expansion of DeFi and Layer 2 solutions further bolster Ethereum's long-term prospects.

🤔 Community Poll: Do you believe Ethereum will break above $3,000 in the near term, or is a period of consolidation more likely?