Ethereum (ETH) is showing strong signs of establishing a firm support level, fueling optimism among analysts for a potential surge towards $3,000 if the $2,600 level is maintained. Recent market activity indicates Ethereum is testing resistance levels, suggesting a possible bullish trend.
On Tuesday, Ethereum briefly touched the $2,700 resistance level following a 6.3% price increase. This upward movement originated from the $2,500 support zone, with ETH reaching $2,712 before a slight retracement. The cryptocurrency has demonstrated significant growth, with analysts closely watching its performance.
Currently, Ethereum is trading around $2,686, reflecting an 8.8% increase over the past week. Many analysts suggest that a successful break and retest of the $2,700 level could pave the way for further gains, pointing towards a potentially bullish May for Ethereum.
As of May 26, 2025, Ethereum (ETH) is trading at $2,567.72, registering a modest intraday gain of +0.60%. The price is recovering after a brief consolidation around $2,540, and it continues to respect key support levels. Ethereum recently overtook Bank of America in market cap after spot Ether ETFs attracted over $100 million inflows, boosting institutional demand.
If Ethereum stays above $2,550, a breakout toward $2,750–$2,875 is likely in the near term. Holding above $2,500 supports a weekly target of $2,900, while failure could drag ETH back to $2,300. For May 2025, ETH price is expected to trade between $2,400–$2,900, with upside potential hinging on volume confirmation and macro sentiment.