As of May 22, 2025, Ethereum (ETH) is trading at approximately $2,658, reflecting a 7.2% increase over the past 24 hours.

🔍 Market Trends & Technical Outlook

Ethereum has broken above the $2,535 resistance zone and is approaching the 50-week Simple Moving Average at $2,749. A close above this level could confirm a breakout from the months-long bearish structure.

Whale accumulation is also on the rise, with wallets holding over 10,000 ETH increasing their holdings. This trend suggests growing confidence among large investors.

⚠️ Notable Events

An early Ethereum investor sold 1,000 ETH for $2.65 million, causing a brief dip in ETH's price. However, the market quickly recovered, indicating strong buying interest.

Additionally, the recent Pectra update has attracted $3.8 billion in capital inflows into Ethereum, boosting its price and market capitalization.

📈 Future Outlook

Analysts suggest that Ethereum's current momentum could lead to a rally towards $3,000, especially if it maintains its bullish trajectory and continues to attract institutional interest.

Furthermore, some experts predict that Ethereum could reach $10,000 in the future, citing factors like potential Federal Reserve rate cuts and easing tariff tensions.#BinancelaunchpoolHuma #BinanceAlphaAlert #BTCBreaksATH110K #BinanceHODLerHAEDAL #ETHETFsApproved