Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B price continues to show greater strength with another 2% upside today, moving to $2,600. Amid strong institutional buying and chart patterns, market analysts are turning increasingly optimistic for the ETH rally to continue. Currently, the immediate resistance for ETH is at $2,700, crossing which can stage a rally to $3,000-$4,000.
Ethereum price can surge amid institutional eth purchases
Institutional Ethereum purchases have resumed once again as after a three-day break, Abraxas Capital has resumed its Ethereum acquisition spree, purchasing an additional 46,295 ETH valued at $115.3 million, according to the data from Arkham Intelligence.
Since May 7, the investment firm has accumulated a total of 350,703 ETH, worth $837 million, at an average price of $2,386 per ETH. The holdings currently reflect an unrealized profit of $50 million, underscoring Abraxas Capital’s bullish stance on Ethereum.
On the other hand, inflows into spot Ethereum ETFs have shot up once again. On Tuesday, May 20, the net inflows into US Ethereum ETFs were $64.8 million, with BlackRock Ether ETF (ETHA) alone contributing more than $45 million. This is yet another example of institutional inflows ticking up for the altcoin.
Additionally, the world’s largest asset manager has revealed holdings of more than 1.2 million ETH. The firm’s $3 billion tokenized BUIDL fund continues its rapid growth, with Ethereum dominating the portfolio at a commanding 92% market share.
Eth golden cross pattern raises bullish outlook
Ethereum’s price chart has achieved a significant milestone, forming a golden cross. Market analysts suggest this could signal the beginning of a strong upward trend.
Golden cross for $ETH.
What's next, is obvious! pic.twitter.com/5ikANGGyv7
— CryptoGoos (@crypto_goos) May 20, 2025
On the other hand, CoinGlass data shows that the Ethereum futures open interest remains intact at $31.32 billion, highlighting strong bullish sentiment among traders at this point. Furthermore, the on-chain ETH data also continues to show strength.
Ethereum’s exchange reserves are experiencing a significant drop, suggesting a tightening supply in the market. Analysts anticipate a potential supply squeeze, with a short-term price surge toward $5,000 now considered a plausible scenario.
$ETH supply on exchanges dropping hard
Massive squeeze coming
+$5,000 short term ON the table
👀 pic.twitter.com/cD7dlGPRDg
— Crypto GEMs 📈🚀 (@cryptogems555) May 19, 2025
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Mind of pepe presale: don’t miss this opportunity
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A unique approach to meme coins
Mind of Pepe features a self-learning AI agent designed to provide exclusive market insights to users. This distinguishes it from many meme coins and positions it as a token with practical applications.
Mind tokenomics and presale highlights
Key presale details include:
Token price: $0.0037515
Funds raised: $9.58 million
Accepted payments: ETH, BNB, USDT
Ticker: MIND
Built on: Ethereum
The platform’s native ERC-20 token, MIND, serves as a gateway to an AI dashboard, early-stage token investment opportunities, and governance features. Investors are drawn to the project’s staking program, offering an annual yield of 256%, fostering long-term engagement.
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