ETH SoaringThe rally in Bitcoin is helping drive a broad bull move across the crypto space currently. Second largest traded coin Ethereum is now back up to its highest levels since March 2022, close to testing the 2022 highs. The coin has put in an impressive 57% move higher this year, up more than 240% off the 2022 lows.ETH ETFs ExpectedAlong with the bullish impact of the move higher in Bitcoin, ETH is also being helped by speculation that institutional players will look to pursue spot-ETH ETFs in the same way they did with Bitcoin. Given the deep reservoir of institutional demand waiting to be activated through such a move, speculators are piling into ETH early.Fed EasingAlong with the furore around potential spot-ETH ETFs, the coin is also being boosted by expectations of Fed easing this year. With the Fed signalling that rate cuts are still expected this year, though not near-term, traders are buoyed by the prospect of a weaker Dollar over H2 2024. Traders are currently pricing in a cut by July which should significantly boost risk assets over the back end of the year.Bitcoin HalvingAhead of that, the Bitcoin halving event is also expected to help drive greater bullish sentiment in crypto. With Bitcoin nearing max supply at a time when institutional demand is being tapped into for the first time, bulls are calling for 100K BTC by year end which, if seen, should help firmly lift ETH up also.Technical ViewsETHThe rally in ETH has seen the market breaking above the bull channel and the 2633 highs. Price is now fast approaching a test of the next major resistance level at 3582.5. With momentum studies bullish, the focus remains on a further push higher while we hold above the broken channel highs.