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Ethereum Price Maintains Key Support — Is a Breakout Rally Brewing? - Overpasses For America

  • Ethereum showed renewed strength in May 2025, with price approaching a crucial $2,800 resistance level on various technical and on-chain signals.
  • This upward movement follows a decline lasting nearly three months starting in February and aligns with the recent Pectra upgrade, which boosted Ethereum's Realized Cap by $3.8 billion.
  • Supporting data highlights that less than 4.9% of Ethereum supply remains on exchanges—its lowest level in ten years—while institutional buyers like Abraxas Capital accumulated over 350,000 ETH since early May.
  • The 12-hour chart shows a Golden Cross, where the 50 EMA crossed above the 200 EMA, a classic bullish signal that aligns with a 3.58% 24-hour price gain and ETH trading near $2,487.
  • If Ethereum decisively breaks above $2,800 on strong volume, it could trigger a breakout rally toward $4,000 or higher, suggesting a potential trend reversal and renewed investor confidence.
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CryptoPotato broke the news in on Tuesday, May 20, 2025.
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