$ETH Factors Driving ETH

1. Technical Rally

•ETH surpassed resistance levels at USD 2,700 and remains within an uptrend channel, with the next obstacle near USD 2,850–2,880.

•Technical indicators show a “golden cross” structure and high volatility candles, which typically precede sustained increases.

2. Rising Institutional Interest

•ETH-based products received USD 295 M in inflows last week, with the so-called iShares Ethereum Trust maintaining inflows for 23 consecutive days.

•BlackRock acquired a significant stock, fueling speculation about a spot ETF that could activate new buyers.

3. Robust On-Chain Fundamentals

•Staked ETH reached an all-time high of 34.65 M tokens, representing ~28.7% of the supply, reducing available liquidity.

•Recent updates (Pectra in May) improved staking limits and efficiency, reinforcing investor confidence.

🔭 What's Next?

•Key Ranges to Watch:

•Strong support at USD 2,700, immediate resistance at USD 2,850–2,880, and the next target at USD 3,050 if it manages to consolidate above.

•Some analysts foresee a potential rise towards USD 4,000 if institutional flows persist and regulatory advances are made.

•Latent Catalysts:

•Approval of a spot ETF in the U.S. and growth in adoption of L2 solutions.

•Tokenization projects and initiatives like RWA (real-world assets) or AI integration could expand demand.

Risks to Consider:

•A technical pullback below USD 2,700 could open corrections towards USD 2,550–2,600.

•A more adverse macro context or lack of regulatory clarity may limit momentum.