Ethereum (ETH) Market Analysis – May 29, 2025

This evening, Ethereum (ETH) is trading at approximately $2,657.08, reflecting a modest increase of 0.25% over the past 24 hours. The cryptocurrency has been on an upward trajectory, marking its seventh consecutive day of gains.

Technical indicators suggest a bullish trend, with ETH attempting to breach the critical resistance level at $2,730. Institutional interest has notably increased, with companies like Sharplink Gaming announcing plans to establish Ethereum treasury reserves.

Analysts predict that if ETH can manage to close above $2,800, it could trigger a bullish move towards $3,200 – $3,300. However, a drop below the $2,600 support level could signal further consolidation.

Note: Cryptocurrency markets are highly volatile. Always conduct your own research and consider risk management strategies before making investment decisions.