#ETHCrossed2500 🔥Ethereum is ON FIRE! 🔥 In just 24 hours, the price of Ether (ETH) skyrocketed a brutal +29%, leaving the bears crying in the shower 🚿. The reason? An explosive mix of more friendly regulations, unsuspecting whales, and an increasingly solid network in fundamentals. Are we seeing the end of the crypto winter for ETH? ❄️➡️☀️
Between May 8 and 9, ETH jumped from $1,385 to nearly $1,790, liquidating over $400 million in futures shorts. BOOM! 💣 Yes, the bears were crushed as if they had been stepped on by a giant Ethereum node. And that's not all...
🤔 Why all the hype?
➡️ L2 scalability is stronger than ever ⚡
➡️🏆Ethereum remains the king of TVL, with $64 billion locked, compared to $22.3 billion among Solana, BNB Chain, and Tron combined
➡️ Network upgrades keep it as the champion of decentralization and security
❄️ But... watch out! Fees dropped by 85% between January and April, and on-chain activity is also cooling down ❄️
Despite the rise, the derivatives market has not gotten wet: traders remain neutral and futures still haven't surpassed that magical +5% that would indicate real enthusiasm. In ETH ETFs, there's no champagne either: there were net outflows of $16 million just on May 8. Apathy or calm before another bullish storm? ⏳
Additionally, ETH options show a technical tie between puts and calls. A neutral sentiment that doesn't give bulls much lift... for now. But the plot twist comes from the White House. According to Politico, Donald Trump severed ties with a crypto lobby that was pushing other altcoins like Solana, ADA, and XRP. Does ETH get the nod from Uncle Sam? 🦅
📉➡️📈 With a market on edge and eyes on $2,700, one question remains in the air:
Is ETH revving up for a new bull run, or is it just an optical illusion on the chart?
📌 Sources: Cointelegraph, Politico, Farside Investors
🤔 What do you think?
Will ETH return to $3,000 this month or are we in for another emotional "rug pull"?
💬 Leave your prediction in the comments, follow the profile for more viral news, and share if you think Ethereum is about to break the market!
