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TronWeekly

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Ethereum Pushes Higher With $3,600 in Sight Amid Positive Technicals

  • Ethereum has surpassed $2,600 and must break $2,720 for bullish confirmation, with analysts predicting a potential rally to $3,600 in June.
  • Ethereum ETFs received $91.93 million in inflows on May 29, with BlackRock contributing over $50 million, indicating growing institutional confidence.
  • Analyst Captain Faibik identified an ascending triangle pattern on the ETH 12-hour chart, signaling a bullish outlook with the need to clear the $2,720 resistance level.
  • ETH/BTC shows strength, and ETH/USDT is approaching a breakout point. Large institutional investors like BlackRock and Fidelity are showing steady buying interest in Ethereum.

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