Ethereum’s price surged 45.65% in May, breaking above wedge resistance and reclaiming the $2,290 zone as fresh support.
Momentum builds as ETH holds $2,541.32 with eyes on $2,838.92, backed by bullish candles and structural strength above key averages.
Price now trades above both 50- and 200-week MAs, reinforcing long-term bullish bias and attracting renewed interest from technical traders.
Ethereum posted a strong 45.65% rally in the past month, with price climbing from $1,751 to $2,556.16. The move marks one of ETH’s sharpest monthly gains in 2025, signaling fresh momentum on higher timeframes.
Price Breakout Confirms New Market Structure
Ethereum’s surge stems from a clean technical breakout above long-held wedge resistance. The bullish structure holds as ETH maintains key support above $2,500.
Ethereum has reclaimed the $2,290 zone, flipping it into support while pushing higher into the $2,500s. According to data from CoinMarketCap, the current price at the time of writing stands at $2,549.30, marking a +0.90% session gain. Market cap has reached $308.59 billion, with a 24-hour trade volume of $17.65 billion, reflecting a notable drop of 39.91% from earlier highs.
ETH’s monthly chart shows the steepest climb between May 1 and May 12, where the price jumped from $1,800 to over $2,400. Trading volumes spiked during this stretch, confirming market interest before easing into consolidation. As price now holds above $2,400, this resistance zone transforms into short-term support, reinforcing bullish continuation prospects.
Key Resistance Targets Enter View
Momentum is building, but can ETH hold above $2,541.32 long enough to challenge $2,838?Crypto Candy’s weekly chart identifies the breakout from a falling wedge that had held ETH captive since late 2023. With candles now closing above that descending trendline and reclaiming $2,290, technical bias has turned upward. The next resistance target sits at $2,838.92, followed by a long-range projection near $4,115.95.
https://twitter.com/cryptocandy24x/status/1926114010354614546
However, observing price behavior around $2,541 reveals a tight accumulation band. Tracking market trends shows Ethereum now trades above both the 50-week and 200-week moving averages, adding structural support to the move. The moving averages converge near $2,300–$2,500, acting as an anchor zone where bulls continue to defend positioning.
Traders Watch for Volume and Confirmation Signals
The question remains: can volume return with enough strength to push Ethereum toward a retest of $2,838? The bullish trend structure holds, but any failure below $2,541.32 could shift sentiment back to underlying support levels near $2,135. Traders now look for confirmation candles above current levels to validate the trend continuation.
At the time of writing, Ethereum maintains its rank as the second-largest crypto, signaling strong investor conviction across May’s market structure shift.
The post Ethereum Holds $2.5K Breakout, Targets $2.8K as Bullish Trend Faces Key Test appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
