$ETH Shows a significant bullish impulse, currently trading around $2,800 after a jump to 15-week highs. Institutional flows and accumulation by whales are driving this bullish trend. Technical analysis suggests a potential push towards $3,000-$3,500 if it definitively breaks the resistance at $2,800. Daily trading volumes reached an annual record at the end of May, signaling strong on-chain activity. Although some indicators show that ETH is overbought in the short term, the overall outlook remains optimistic, with forecasts reaching up to $5,900 by the end of 2025. The breakdown of the BTC/ETH ratio also suggests a broader altcoin rally.
