As of May 23, 2025, Ethereum (ETH) is trading at around $2,564.61, down 3.24% in the last 24 hours. Despite the recent correction, the cryptocurrency shows a growth of over 40% in the last month, indicating a continuing bullish trend.

Key events and forecasts:

• Bullish pattern on the chart: Analysts note the formation of a 'bull flag' on the daily chart of Ethereum, which may herald a rise to $4,000 if the current momentum is maintained.

• Decline in supply on exchanges: The amount of Ethereum on centralized exchanges has reached a 10-year low, indicating accumulation of the asset by large holders and potentially contributing to further price growth.

• Technical rebound: After a short-term drop to a support level of around $2,615, Ethereum has demonstrated a rebound, which may indicate a continuation of the upward trend provided trading volumes are maintained.

Conclusion: The current dynamics of Ethereum indicate sustained interest from investors and a potential opportunity to reach new price highs in the near future. $ETH