$ETH Ethereum (ETH) is currently trading near $2,773 USD, after experiencing a slight intraday correction from its recent high of $2,871.

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🔍 What Drives ETH?

• Macro and institutional optimism: Sustained inflows in ETH ETFs—including $287M in May from BlackRock—support the confidence of large investors .

• Promising technical patterns: A cup-and-handle pattern is forming on daily charts. A close above $2,800–2,820 could trigger a rally towards $3,000–$3,500 .

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📈 Short and Medium-Term Outlook

• Bullish breakout: If ETH breaks above $2,800 with volume, it could quickly rise towards $3,200–$3,500 in the coming weeks.

• Key supports: In case of a correction, levels near $2,600 will play a crucial role. A break below still leaves room down to $2,200–$2,300, according to technical analysis.

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⚠️ Risks to Consider

• The intrinsic volatility of the crypto market persists, and factors like regulations or anticipation of macro data—such as inflation in the U.S.—could induce abrupt turns .

In summary, Ethereum is at a decisive point. If it consolidates above $2,800–2,820, we could be on the verge of a rise driven by both favorable technical analysis and institutional flow. Conversely, a pullback towards $2,600 or lower could be a buying window. Stay alert to daily candle closes and volume.