Ethereum (ETH) strengthened by over thirty percent during the past week and experienced a significant rally. Below is an overview of the key figures, drivers, and implications of this growth.
đ Numbers and Percentage Changes
⢠Weekly increase: approximately 37.6%.
⢠Opening price on May 5, 2025: USD 1,820.34.
⢠Closing price on May 10, 2025: USD 2,583.78.
⢠Intraday highs and lows: During the week, the price ranged between roughly USD 1,788 (low) and USD 2,597 (high).
đ Main Growth Catalysts
1. Technical Breakout
The breach of key resistance around USD 2,200 triggered a wave of buy orders from both traders and algorithms.
2. Capital Rotation from BTC
After Bitcoin surpassed USD 100,000 again, some capital rotated into the relatively underbought ETH, boosting demand for the second-largest cryptocurrency.
3. Anticipation of Spot ETH ETFs
Following the approval of spot Bitcoin ETFs, optimism is growing that similar products for Ethereum may soon receive regulatory green light, attracting institutional interest.
4. Macroeconomic Easing
New U.S. inflation data and Fed commentary on pausing rate hikes fostered a ârisk-onâ mood, from which ETH benefited even more than Bitcoin.
đ¤ What This Means for Investors
⢠Short-term volatility: After such a strong move, a correction is likelyâkey supports to watch are around USD 2,300 and USD 2,000.
⢠Medium-term outlook: If ETF interest materializes and planned network upgrades (e.g., Pectra) go live, a breakout above USD 3,000 is feasible.
⢠On-chain indicators: Monitor net flows to exchanges and smart-contract activity in DeFi and NFTs.
đď¸ What to Watch Next
⢠Key technical levels:
⢠Resistance: USD 2,700 â 2,800
⢠Support: USD 2,300 â 2,000
⢠Upcoming Fed decisions: The next FOMC meetings could once again inject volatility into the crypto markets.
⢠Ethereum network updates: Ongoing testing and deployment of EIPs aimed at improving scalability and reducing transaction costs.
