Ethereum ($ETH) has surged $200 from $2,400, driven by institutional inflows and growing Layer-2 adoption, fueling hopes for a breakout around $2,600.
Currently, Ethereum dominates DeFi with a TVL of $62.6 billion. Nevertheless, technical analysis indicates a bearish rounded top pattern, which could lead to a potential decline towards $2,300 if resistance levels are not reclaimed.
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