Mike Smith
7 days ago
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May 2025 was a turning point for Ethereum. While some continued to write it off, the rate suddenly went up, demonstrating growth of more than 50% in a matter of days. Since the jump, the cryptocurrency has corrected slightly and is now trading at 2,557\$.
The main catalyst for growth was the launch of the Pectra update, which increased the staking limit to 2,048 ETH, increased network efficiency, and reduced the total number of available coins. At the same time, user activity is observed: the number of new and active addresses has increased significantly, which indicates an increase in interest in the network as a whole. Against this background, the positions of stakers have strengthened, and Ethereum has again found itself in the spotlight.
The positive dynamics inspired investors and analysts to make loud statements about the prospects of ETH. Among the optimists was the London-based investment company Abraxas Capital, which acquired 242,652 ETH in May for $561 million. Such purchases by large players increase confidence in the asset and may indicate the beginning of a larger movement.
Crypto bloggers and analysts are also ambitious. Carl Moon, known for his one and a half million audience, does not rule out reaching the level of $18,000, explaining his forecast by the approach of the new altseason. Analyst Sensei believes that there is a wave of general growth of altcoins ahead, on the crest of which ETH will be.
Ash Crypto, a trader with almost two million subscribers, set the nearest target for Ethereum at $5,000. He noted that such rapid growth will be accompanied by an ambiguous reaction. Skeptics, who recently questioned the viability of the project, are now forced to watch its recovery. Ether, having been the object of ridicule at the beginning of the year, has suddenly become a symbol of cryptocurrency comeback, which irritates some of the audience, especially those who prefer Bitcoin.
Among the long-term forecasts, the opinion of investor Ted Pillouse also stands out. According to his estimates, Ethereum will be able to reach the $6,000 mark already in the fourth quarter of this year. He believes that in the context of increased institutional investment, growing confidence and technical updates, the coin has every reason to continue its upward trend.
While the market has not yet finally decided on its direction, Ethereum looks like one of the main contenders for leadership in the coming months. Its return to the radar of major players and positive signals within the network make us look at the coin differently.
