Ethereum (ETH) has surpassed the $3,600 resistance level for the first time in five months. The rally was fueled by increased capital flowing into Ethereum's ETF, along with a surge in open interest and futures premium. However, the ETH/BTC pair is approaching a critical resistance zone that could lead to a price rejection. If this rejection is confirmed, Ethereum may form a lower high and enter its weekly demand zone. The price movement of Ethereum is closely tied to Bitcoin's performance, and a broader market pullback could push Ethereum towards the $2,700-$2,800 buy zone. Despite caution from some analysts, others project a target of $6,000 in the short-term and $10,000 in the long-term for Ethereum. Ethereum's rally is supported by net inflows into its ETF and a record open interest. The current price growth of Ethereum indicates a bullish trend, but caution is advised as the asset is in overbought territory and may experience consolidation or a pullback in price.



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