Ethereum Breaks $2,600: What’s Behind the Surge? Ethereum (ETH) has soared past $2,600, up 5% in 24

$ETH Ethereum Breaks $2,600: What’s Behind the Surge?

$ETH Ethereum (ETH) has soared past $2,600, up 5% in 24 hours, as of May 14, 2025. The rally is driven by a recovering crypto market, with Bitcoin nearing $95,000, and Ethereum’s strong fundamentals. Over 30 million ETH are staked, reducing supply, while Layer-2 solutions like Arbitrum boost scalability. DeFi activity and institutional interest, fueled by ETH ETFs, add momentum. Speculation around upcoming upgrades also plays a role.

Technically, ETH cleared $2,550 resistance, with $2,800 next. RSI at 62 signals bullishness, but $2,400 support looms if momentum fades. X posts show community excitement, though regulatory risks linger. Ethereum’s dominance in DeFi and Web3 keeps it a crypto powerhouse.