$ETH Ethereum (ETH) has shown bullish behavior in recent days, with the price surpassing $2,800 and reaching levels not seen in over three months. The momentum has been supported by a significant increase in trading volumes, which suggests renewed institutional and speculative interest.

One of the main catalysts for this movement has been the influx of capital through institutional products such as ETH ETFs, which have captured hundreds of millions of dollars in just a few weeks. This trend reinforces the perception of Ethereum as an asset backed by solid fundamentals, particularly due to its central role in the DeFi ecosystem and second-layer scalability solutions like Arbitrum, Base, and Optimism.

From a technical standpoint, Ethereum has emerged from a consolidation phase between $2,400 and $2,700. It currently faces a resistance zone near $2,835. If it manages to surpass this with sustained volume, the price may head towards $3,000 and potentially up to $3,500 in a bullish continuation scenario.

However, there are signs of possible short-term exhaustion. Indicators like the RSI show that the asset is overbought, which could anticipate a correction or at least a pause in the upward movement. Additionally, macroeconomic events are approaching, such as the Federal Reserve meeting on June 17, which could introduce volatility if a more restrictive stance is adopted.

In summary, Ethereum maintains a positive technical structure and the fundamental context favors it. But it is prudent to closely monitor the current resistance levels and possible pullbacks towards supports between $2,500 and $2,600 before resuming momentum. The path to new highs will largely depend on macroeconomic stability, Bitcoin's behavior, and the continuation of institutional demand.