Stable demand: Institutional investments continue – ETH ETFs have taken in funds for 17 consecutive days, including over $1 billion during this period; BlackRock added about $500 million.

Record-breaking: Approximately 34.7 million ETH (~28.7% of circulating supply) is locked in staking – a historical maximum.

Technical analysis: The 50-day and 200-day moving averages are forming a "golden cross." The resistance level is in the $2,800–$2,835 range, and breaking through this could lead to a rise to $3,000–$3,500. Support is at $2,735–$2,750.

View of large traders: One large "whale" opened a long position at $11.15 million (~4,000 ETH) with a target increase to $3,670 by the end of June.