$ETH returns to 2800 USD, reflecting the market's continued optimism towards the Ethereum ecosystem. Recently, the rise of ETH has benefited from the increased adoption of Layer 2, the warming expectations of ETF approvals, and the revival of DeFi and NFT activities. In addition, the enhanced expectations of interest rate cuts by the Federal Reserve have led to a return of funds to risk assets, driving ETH to rebound alongside the broader market. From a technical perspective, after breaking through the key resistance level of 2800, if it can stabilize, the next target may challenge the psychological barrier of 3000. However, caution is needed regarding short-term overbought pullback risks and regulatory uncertainties. In the long term, Ethereum, as the leader in smart contracts, still has strong fundamental support.