TLDR
- Ethereum has rallied 58% over the past month with a 17% gain in the last week
- Current price around $2,529 after touching $2,736 in recent trading
- ETH has moved above realized price levels for multiple wallet size cohorts
- Daily trading volume holds steady at $25.15 billion showing market interest
- Technical analysis shows $3,100 as next resistance and $2,233 as support
Ethereum continues to show strength in the cryptocurrency market, maintaining a bullish pattern despite a minor pullback. The second-largest cryptocurrency has demonstrated impressive momentum that has caught the attention of traders and investors alike.
Over the past 30 days, ETH has climbed an eye-catching 58%. Even when looking at the shorter term, the cryptocurrency remains up 17% over the last seven days, highlighting the persistent buying pressure that has characterized recent trading.
ETH reached as high as $2,736 before experiencing a modest correction. The token is now trading around $2,529, which represents a small 2.47% decrease over the last 24 hours—a normal consolidation after such a strong upward move.
One of the most telling aspects of this rally is that Ethereum has pushed above the average cost basis for various holder groups. This technical indicator, known as the realized price, helps identify whether different categories of investors are in profit or loss positions.
The largest holders—those with wallets containing over 100,000 ETH—have the lowest average cost basis at $1,222. With current prices above $2,500, most holder categories are now sitting on paper profits.
Trading volume for Ethereum remains robust at $25.15 billion over the past 24 hours. This healthy volume indicates active participation in the market and provides liquidity that helps support the current price levels.
Whale Activity and Market Dynamics
Market analysts are paying close attention to the behavior of “whale” wallets—addresses holding more than 10,000 ETH. These large investors can have an outsized impact on price action due to the size of their holdings.
Historical patterns show that following ETH’s previous rise to $4,000, profit-taking by whales contributed to a subsequent decline that brought prices down to $1,300. The current market structure has some similarities, raising questions about whether large holders might start taking profits soon.
Should whale addresses continue holding or even add to their positions, it would likely provide further support for ETH’s upward trajectory. Conversely, if these large investors begin to sell, it could introduce short-term selling pressure.
The current technical setup for Ethereum appears favorable for continued upside. After the recent price increase, ETH is testing previous resistance levels, which often become support once broken through—a common pattern in bull markets.
Market watchers have identified $3,100 as the next major resistance level for ETH. On the downside, $2,233 represents an important support zone that could help contain any corrections.
Analysis shared by Rose Premium Signal suggests that as long as Ethereum maintains its position above the recent breakout zone, the path toward $3,000 looks increasingly probable. The current pattern appears to be a bullish retest, which often precedes another leg higher.
$ETH – Ethereum Technical
If #ETH holds the previous breakout zone as support, a continuation towards $3,000+ becomes highly probable. The chart structure suggests a bullish retest before resumption of the uptrend.
🎯 Next Price Targets:
Target 1 : $3,063
Target 2 : $3,566… pic.twitter.com/HIHwUJNcGq— Rose Premium Signals 🌹 (@VipRoseTr) May 14, 2025
Technical analysts have projected several upside targets for Ethereum if the bullish momentum continues. These targets include $3,063, $3,566, and eventually $4,201. These levels are derived from both chart patterns and previous price action.
While price corrections are a normal part of any uptrend, Ethereum’s current market structure suggests the overall trend remains positive. The combination of technical factors and market sentiment provides a strong foundation for continued price appreciation.
Short-term price fluctuations should be expected, but as long as ETH holds above key support levels, especially the $2,233 zone, the outlook remains constructive for a potential move toward the $3,000 mark.
The price action in Ethereum has been particularly noteworthy given that it has outperformed many other cryptocurrencies during this period. This relative strength often attracts additional buying interest as traders seek out assets showing the strongest momentum.
ETH is trading at $2,529 as of the latest market data, showing resilience after its recent rally and positioning for a potential test of higher levels in the coming weeks.
