Ethereum (ETH), which has been relatively low-profile for years, is now making headlines. In the past few days, the strong growth of this asset has drawn attention to ETH. Over the past month, this largest altcoin has surged nearly 50%. ETH once struggled to break the $2,000 mark. But today, this asset is nearing $3,000. Additionally, the market cap of the network has also seen an increase. All these signs indicate that May will end on a bullish note. But can Ethereum achieve this goal? How much has Ethereum increased today?
As of the time of this writing, the price of Ethereum is $2,699.50. In the past 24 hours, this asset has risen by 2.43%. During this period, ETH jumped from a low of $2,603.36 to a high of $2,731.22.
Ethereum is the second largest cryptocurrency by market capitalization. The market cap of this altcoin is currently $325.5 billion, with a daily increase of 2.39%. With this latest growth, Ethereum has successfully surpassed the $326.2 billion market cap of Bank of America. Currently, Ethereum is the 37th largest asset in the world. This shift is positive for the Ethereum market and highlights the evolution of global wealth distribution.
Price prediction for the end of May
According to CoinCodex, the current bullish trend may face resistance. Ethereum may experience a downward trend by the end of this month. The largest altcoin may drop to a low of $2,469 on the last day of May. This could be disappointing for ETH investors who have been patiently waiting for altcoin prices to rise. It seems they will have to wait even longer to see this asset reach $3,000.
