#EthereumUpdate

Ethereum ($ETH ) continues on a recovery path, currently priced above $2,780. After a brief correction, the asset has resumed its upward trend, driven by increased institutional interest, particularly with positive flows in ETH ETFs. Closing above the 50-day exponential moving average reinforces the bullish technical scenario. Analysts project targets between $2,900 and $3,100 for June, with the potential to reach $3,500 if the momentum is maintained. However, the resistance zone at $2,800 may present obstacles. The performance of Bitcoin and the expectation of interest rate cuts by the Fed continue to influence ETH's movement in the coming weeks.