#ETHCrossed2500 On May 12, 2025, Ethereum (ETH) continues its upward momentum initiated in early May. After surpassing the threshold of 1,800,$ on May 8, ETH reached an annual peak close to 2,604,$ . Currently, the price of ETH is around $2,465.51, with an intraday variation between 2,452.84 $ and 2,587.64.

Technical Analysis and Outlook

The recent rise of ETH is attributed to a breakout above descending trend lines on the daily and 4-hour charts, as well as a high-volume breakout from a symmetrical triangle formation observed on May 8. However, signs of intraday exhaustion suggest a possible short-term correction.

The forecasts for the week of May 12 to 16, 2025, indicate an attempt at a bearish correction, with a test of the support zone around $1,785. A rebound from this level could lead to a recovery towards the 2,885 $ zone.

Fundamental Factors

Several elements support the bullish trend of ETH:

Institutional Adoption: Inflows into the Grayscale Ethereum Trust (ETHE) have increased by 12% week over week.

Transaction Volume: The spot volume of ETH on Coinbase reached $3.8 billion on May 11, reflecting strong market interest.

Long-Term Outlook: Some analysts predict that ETH could reach 12,000 $ in 2025, supported by institutional adoption, expansion of decentralized finance (DeFi), and improvements to the Ethereum network.

In summary, although a short-term correction is possible, the medium and long-term outlook for Ethereum remains optimistic, supported by strong technical and fundamental factors.