Ethereum eyes $2K breakout in May amid ETF inflows, DeFi growth, and Pectra upgrade
The post Ethereum eyes $2K breakout in May amid ETF inflows, DeFi growth, and Pectra upgrade appeared on BitcoinEthereumNews.com.
Ethereum’s price action has been subdued, but key catalysts are quietly shaping the market structure With these developments, Ethereum may be primed for a breakout Ethereum [ETH] is charging into May with a tailwind that’s hard to ignore. In fact, trading at $1,830.23 at press time, ETH is already up 15.3% in just two weeks. Sure, it’s been stuck under the $1,900 supply wall, but don’t let that fool you as the bullish signals are strong under the surface. Ethereum’s road to $2k might seem quiet for now, with big money and internal upgrades quietly working behind the scenes. However, once these shifts take hold, expect FOMO to kick in and send ETH into an all-out rally. Bullish catalysts powering Ethereum’s silent surge As highlighted by another AMBCrypto report, Ethereum’s market price continues to trade at a discount, relative to its on-chain transaction volume. This alludes to a misalignment between its Market Value and Realized Value (MVRV). Simply put, ETH may be fundamentally undervalued, and smart money might already be positioning ahead of a broader market repricing. Supporting this thesis, the 30-day active whale address count (holding 1,000–10,000 ETH) rose to 117 too. Source: Glassnode This uptick closely aligned with ETH’s capitulation wick to the $1,400 range too, signaling strategic accumulation by large entities during periods of market stress. That’s not all though as the influx of institutional capital is becoming more apparent. For example – The Ethereum ETF market saw $6.5 million in net inflows, with Fidelity’s FETH fund claiming the entire chunk. This flood of institutional capital is like a green light for ETH’s $2k target – Signaling that big money may be betting on a price rally. Structural shifts powering ETH’s next chapter The U.S Securities and Exchange Commission (SEC) has approved VanEck’s Ethereum ETF, ticker ETHV,…
Filed under: News - @ May 3, 2025 12:25 am