Ethereum's recent price movements have been quite volatile. As of May 29, 2025, Ethereum (ETH) saw a 3.6% increase, trading at $2,729. This uptick bucks the trend of a slight market drop, with the broader crypto market experiencing a 2% decrease, valued at $3.55 trillion. Analysts suggest that the current market dip isn't alarming, citing historical patterns of rallies followed by short-term corrections.
*Key Factors Influencing Ethereum's Price:*
- *Market Volatility*: Ethereum's price decline can be attributed to high volatility and liquidation, with $37.45 million in positions liquidated due to long overleveraged positions being wiped out.
- *Institutional Support*: US ETH spot ETFs saw $84.89 million in net inflows, significantly higher than the previous day, with a cumulative inflow of $2.88 billion.
- *Technical Analysis*: If Ethereum's price follows Bitcoin's pattern, it might continue its upward trend after a brief pause. However, regulatory or macroeconomic changes could negatively impact prices ¹ ².
*Expert Insights:*
Glassnode's report highlights Bitcoin's robust performance amidst challenging market conditions, which might positively impact Ethereum's price movement. Meanwhile, analysts predict potential recovery to $2,000 unless key support levels a$ETH
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e lost ¹.