#ETHMarketWatch As of May 23, 2025, Ethereum (ETH) is trading at approximately $2,661, reflecting a 0.13% increase from the previous close. The cryptocurrency has experienced a 3.84% rise from the previous day, indicating a positive short-term trend.

The recent price surge is attributed to a combination of factors:

Decreased Exchange Supply: Ethereum's supply on centralized exchanges has dropped to a 10-year low, suggesting that investors are moving their holdings to cold storage or decentralized platforms, reducing immediate selling pressure.

Increased Institutional Interest: Significant investments, such as BlackRock's $45 million purchase of ETH, have fueled bullish momentum.

Technical Indicators: Ethereum is approaching a key resistance level at $2,800. A breakout above this could target $3,000, while immediate support lies at $2,740.

Analysts remain optimistic about Ethereum's trajectory, citing these factors as potential drivers for continued growth.