Ethereum Surges to $2,500 — Is a Massive Run to $4,000 Just Around the Corner?

Jakarta, Pintu News – The price of Ethereum continued to show strength with an additional gain of 2% on May 21, rising to the $2,600 level.

Amid massive institutional buying and favorable chart patterns, market analysts are increasingly optimistic that the ETH rally will continue.

In the same time period, the nearest resistance level for ETH is at $2,700, and if it manages to break through it, ETH has the potential to rise further towards the $3,000 to $4,000 range.

Then, how is Ethereum’s current price movement?

Ethereum Price Up 1.57% in 24 Hours

As of May 22, 2025, Ethereum (ETH) was trading at approximately $2,598, or around IDR 42,591,965, marking a 1.57% increase over the past 24 hours. Within that timeframe, ETH dipped to a low of IDR 40,295,271 and climbed to a high of IDR 42,795,954.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $314.42 billion, with daily trading volume rising 65% to $34.26 billion in the last 24 hours.

Read also: Bitcoin Surges Past $110,500 Today (May 22, 2025) — Jim Cramer Now Calls It a Safe-Haven Asset!

Ethereum price could surge amid institutional ETH buying

Institutional buying of Ethereum has picked up again. After a three-day lull, Abraxas Capital resumed its buying spree by purchasing an additional 46,295 ETH worth $115.3 million, according to data from Arkham Intelligence.

Since May 7, the investment firm has amassed a total of 350,703 ETH worth approximately $837 million, at an average price of $2,386 per ETH. This holding currently records an unrealized gain of $50 million, indicating Abraxas Capital’s optimistic view of Ethereum.

Meanwhile, fund inflows into spot Ethereum ETFs in the US also surged again. On Tuesday, May 20, total net inflows reached $64.8 million, with BlackRock’s Ether ETF (ETHA) accounting for more than $45 million. This is yet another example of the growing institutional interest in the altcoin.

In addition, the world’s largest asset manager also revealed that they now hold more than 1.2 million ETH. Their tokenized fund called BUIDL, valued at $3 billion, continues to grow rapidly with Ethereum dominating the portfolio at 92% of the total value.

Golden Cross Pattern on Ethereum Reinforces Bullish Outlook

According to Coinspeaker (5/21), Ethereum’s price chart has just reached an important technical milestone with the formation of a golden cross pattern, which market analysts consider to be an early signal of a strong upward trend in prices.

Read also: Vitalik Buterin Proposes Changes to Make Ethereum Super Fast, Decentralized, & Private!