#ETHCrossed2500 🚀 Ethereum (ETH) Market Update: Bulls Targeting $2,700!

May 11, 2025

Ethereum (ETH) is leading the crypto charge today, breaking the $2,600 barrier with an explosive 7% surge in just 24 hours. After weeks of sideways trading between $2,400 and $2,500, this breakthrough signals the potential for a bull run driven by institutional flows and retail FOMO.

Market Snapshots

- Price Rally: ETH reached $2,600 this morning, supported by a 35% spike in trading volume on top exchanges. Analysts are now targeting $2,800 as the next goal.

- Technical Signals: While the 4-hour RSI (72) shows an overbought warning, the bullish MACD crossover indicates sustained upward momentum.

- Institutional Heat: Crypto stocks like Coinbase (COIN) and Grayscale's ETHE surged 2-3%, reflecting a 1.5% rise in Nasdaq as risk appetite returns.

- Network Growth: Over 120,000 new ETH wallets flooded the ecosystem this week, with active addresses soaring 18% (500k+ in 24 hours).