As of May 11, 2025, Ethereum (ETH) is showing one of the strongest weekly increases in recent years. Opening at $1,807, ETH is approaching record profitability — nearly +38% over seven days, the highest since December 2020.
This rally is fueled by both technical signals and fundamental factors. In particular, ETH has already exceeded the average cost for accumulation addresses ($1,900), indicating profitability for most investors. The largest volume of purchases comes from Binance — the main exchange for ETH in the current cycle.
A significant increase in open futures positions has also been recorded — from $21.3 billion to $30.4 billion in just a few days. This is nearly a historical maximum, indicating growing interest from traders and the likelihood of further volatility.
Peter Brandt's forecast: $4,800 is not far off?
Noted trader Peter Brandt has pointed out the formation of an ascending wedge on the ETH chart — a pattern that is often interpreted as bearish. However, in the event of a breakout upward, the price of Ethereum could target the $3,800–$4,800 zone, testing a long-term resistance line. This indicates a change in tone even among cautious market participants.
Technical signals: support exists, but a pause is likely
Technical analysis indicates that ETH has tested an important Fibonacci zone (0.5–0.618), which lies around $2,500. This is the first stage of recovery after declines. However, on shorter time frames, market cooling is already observed: the buy-sell ratio in futures has dropped below 1, signaling a temporary advantage for sellers.
Analysts also note a liquidity cluster between $2,200–$2,400, which could become a support zone in the event of a short-term pullback.
Conclusion: stabilization before a breakout?
The growth of Ethereum is supported by strong fundamental factors: demand from institutional players, activity in DeFi, and historical seasonality. However, the $2,500 level remains a critical point. A convincing breakout with high trading volume could pave the way to $3,000 and above.
However, a short-term correction or consolidation phase is not excluded — the market needs a 'break' after the rapid rise.
Key levels:
• Support: $2,200–$2,400
• Resistance: $2,600, $2,850, $3,800
Attention! This article is not financial advice. Investing in cryptocurrency involves risks. Make decisions responsibly.