Key points:
Ether prices perk up to $2,800
May is a winning month for ETH
Bitcoin? Not doing so well
Can we call it a rally now? The token’s powerful swing in May has brought in fresh gains north of 50%. Bitcoin? It’s the laggard — even with a record this month, it’s up only 15% this month.
🍺 15%? Not Bad. Hold My On-Chain Data
💸 Three-Month High, Finally
Pent-up demand that’s been building since April’s lull can be blamed for the rise. While the crypto community has been glued to Bitcoin’s record highs, Ether has quietly been stacking wins — and now when we zoom out we can see who the real winner is.
Ether’s move above $2,800 marks its highest level since late February, capping a May rally that’s finally caught fire after weeks of sideways chop.
⚙️ Rotation in Play
The rotation from Bitcoin into Ether is nothing more than traders taking profits from Bitcoin’s high-flying run and moving cash into the relatively undervalued alt sector. Traditionally, Ether has been the first to soak up alt-focused capital influx. Next in line are XRP and Solana.
The flood back into the Ether camp has triggered a volume surge. On-chain data points to increased wallet activity, rising gas fees, and higher protocol engagement. In short, people are using Ethereum again — and that’s bullish.
👀 What’s Next?
The next level to watch is the psychological resistance at $3,000, a zone Ether hasn’t seen since January. A break above that could trigger technical buys and options-driven flows.
This said, don’t forget to keep an eye on macro moves — trade tensions, a seesawing dollar, and US tariff jitters may inject fresh volatility into the crypto space.