0
0
News

ETH Surpasses $2,600 Amid Days-Long Price Pump

The asset has exploded in recent days after an aggressive months-long slide.
0
0
May 12, 2025 • 1 min read

Ethereum (ETH) is trending closer to $3,000 as bullish patterns and improved market sentiment drive a days-long rally.

What’s the Scoop?

  • Geopolitical Boost: A de-escalation in U.S.-China trade tensions has sparked broader market optimism, contributing to Ethereum's recent rally.
  • Key Technical Breakouts: Ethereum's price has broken out of bullish patterns like the symmetrical triangle and falling wedge on daily and weekly charts.
  • Analyst Support: Veteran analysts and metrics suggest that Ethereum had been oversold with its current momentum likely to lead to further highs.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.