As of May 24, 2025, Ethereum (ETH) is trading at approximately $2,529.51, reflecting a slight decrease of 0.06% over the past 24 hours. The day's trading has seen ETH reach a high of $2,721.12 and a low of $2,518.32.

Despite this minor dip, Ethereum maintains a bullish stance above the $2,700 mark, with momentum indicators suggesting a potential test of the $2,800 resistance level. However, traders should be cautious of overbought signals near resistance zones. If bulls can clear $2,745 with volume, Ethereum could enter a steeper climb; otherwise, a short-term cool-off may precede the next leg higher.

The recent surge in Ethereum's price to $3,850 on May 23, 2025, was driven by positive stock market sentiment, particularly the NASDAQ's rise to 16,800 points, and rumors of spot ETH ETF approvals. Trading volumes for ETH pairs also spiked by 35% to $18.5 billion, reflecting strong market interest.

For a visual representation of Ethereum's recent performance, you can refer to the following chart:

Let me know if you need further details or analysis on Ethereum's market trends.