Ethereum (ETH) has broken past the $2,600 mark after days of hovering around that level. This price surge is sparking speculation about whether we’ll see another significant rally similar to what we saw earlier this month. Analysts are cautiously optimistic, attributing this move to increasing DeFi activity and growing institutional interest in Ethereum. 50% growth in just a week, from $1,790 on May 8th to the peak of $2,698 on May 14th, has fueled these positive expectations. With Bitcoin hitting new all-time highs, the broader crypto market is experiencing a bullish trend, and ETH seems well-positioned to take advantage of it. Analysts are divided on the exact extent of this rally, with some predicting potential gains of up to $10,000-$12,000 if ETF flows and network usage continue to increase. Others warn of a potential pullback if it fails to clear $2,800, potentially dropping back toward $2,473-$2,550. Bullish patterns on daily charts indicate potential upside in the short-term. As Ethereum consolidates above $2,600, the market awaits further developments with a bullish sentiment.