As of May 23, 2025, Ethereum (ETH) is trading at approximately $2,670.62 USD, reflecting a modest increase of 0.054% over the past 24 hours. The day's trading has seen ETH fluctuate between a low of $2,634.06 and a high of $2,721.12.

Recent market activity indicates a bullish sentiment, with ETH surpassing the $2,700 mark. Analysts are debating whether this uptick signals the onset of a sustained bull market or is merely a short-term rebound influenced by market sentiment.

On-chain data reveals that Ethereum's staking supply has reached an all-time high, and Layer-2 solutions are experiencing increased activity. These factors contribute to Ethereum's current strength, with traders closely monitoring for a potential breakout towards the $4,000 level.

For a visual representation of Ethereum's recent performance, here's a snapshot from Binance Square:

This chart illustrates Ethereum's price movements and can provide further insights into its current market trajectory.

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