The price of Ethereum (ETH) continues to rise amid an extended rally that has been fueled, in part, by heavy trading volumes.
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Sentiment towards cryptocurrencies has improved as global trade tensions ease, with the price of Bitcoin (BTC) hitting a record high above $111,000 in recent days. Ethereum has participated in the rally, rising 2% in the past 24 hours to trade at $2,568.55 per digital token.
Since its April low a month ago, Ethereum’s price has gained 43%. Analysts say Ethereum is navigating a critical technical zone between $2,500 and $2,530, where resistance must be overcome for continued upward movement.
Trading Volumes
This has led to heavy trading volumes in Ethereum in recent days. Trading volume in Ethereum has totaled 291,395 units, nearly three times the daily average. However, institutional interest in the crypto remains strong, with spot Ethereum ETFs recording positive inflows.
Recent price action shows bullish momentum for Ethereum, with the cryptocurrency reclaiming the $2,515 support level. Despite the current upswing, Ethereum’s price remains down 23% on the year after the crypto experienced a big selloff to start 2025.
Is ETH a Buy?
Most Wall Street analysts don’t offer price targets on Ethereum, so instead we’ll look at the cryptocurrency’s three-month performance. As one can see in the chart below, the price of ETH has gained 12.41% over the last 12 weeks.
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