CryptoCome

As of May 11, 2025, Ethereum ($ETH ) is experiencing a notable rally, with its price reaching $2,491.96 USD, marking a 1.10% increase from the previous close.
🔥 Key Market Highlights :
Price Surge: $ETH has risen over 44% in the past three days, surpassing the $2,600 mark and fueling speculation of a potential run toward $10,000 in the coming months .
Institutional Accumulation: Significant purchases by large entities, including a reported acquisition of 7,976 $ETH by BlackRock, and whale accumulations totaling approximately $400 million in ETH over three days, suggest strong institutional interest .
Technical Indicators: Ethereum's Relative Strength Index (RSI) on the weekly chart stands at 68, nearing overbought territory but still indicating room for upward movement. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, reinforcing the strength of this uptrend .
On-Chain Metrics: Ethereum’s network activity has spiked, with over 1.2 million active addresses recorded on May 10, 2025, alongside a 30% increase in transaction volume compared to the prior week .
📈 Price Outlook :
Analysts suggest that if Ethereum maintains its current momentum and breaks through the $2,700 resistance level, it could set sights on the $3,000 mark in the near term. However, traders should remain cautious of potential pullbacks and monitor support levels around $2,455 and $2,331 .
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