Golden Finance reports that the cryptocurrency market has once again reached a crucial turning point. Real-time data shows that the price of ETH has risen strongly, successfully breaking through the $2,800 mark. As of the time of publication, the quote is $2,800.25. This price trend is extremely impressive. Within the past 24 hours, ETH has risen by as much as 4.67%, demonstrating strong upward momentum.
Recently, the ETH market has been receiving a series of positive news, laying a solid foundation for this price breakthrough. From a technical perspective, the Open Interest of Ethereum futures has shown a rapid growth trend, constantly setting new historical highs. Data shows that the total holdings of ETH on mainstream trading platforms have climbed to approximately 37.3 billion US dollars. This figure directly reflects that large investors are actively laying out the Ethereum market, and the flow of funds is significantly more abundant. The influx of a large amount of funds provides strong support for the rise in the price of ETH.
Meanwhile, the inflow of funds into the spot ETH ETF has also attracted much attention. Over the past 8 days, the spot ETH ETF has shown a continuous net inflow state, with a cumulative net inflow of approximately 394 million US dollars. Among them, the ETHA fund under BlackRock performed particularly well, contributing approximately 288 million US dollars in capital inflows. The large-scale entry of institutional capital not only brings abundant funds to the market, but also greatly boosts market confidence. Institutional investors often make investment decisions based on in-depth research and analysis. Their preference for ETH sends a positive signal to the market, attracting more investors to pay attention to and participate in the Ethereum market.
From the perspective of the development of the Ethereum ecosystem, Ethereum itself is also constantly evolving. The upgrade of Ethereum Pectra, which was launched half a month ago, focuses mainly on optimizing user experience and improving network efficiency. Through a series of technological improvements, the Ethereum network has been significantly enhanced in terms of transaction processing speed, security, and other aspects, strengthening the confidence of developers and investors in the long-term development of the ecosystem. This boost in confidence has led to a strong sentiment among investors in the market to “hold onto their coins and wait for them to rise”. From mid-March 2025 to May 15, the amount of ETH on centralized exchanges dropped from 17.8 million to over 17 million, a decrease of more than 1 million (about 5.5%). A large amount of ETH has been transferred to self-custodied wallets or held for the long term, reducing market supply. Under the condition of relatively stable demand, according to the principle of supply and demand in economics, this has strongly driven up the price of ETH.
However, it should be reminded to the majority of investors that the cryptocurrency market has always been known for its high volatility. Although ETH’s recent breakthrough through $2,800 seems strong, the market trend is ever-changing. Although the current market presents many favorable factors, the uncertainty of the global macroeconomic environment and potential changes in regulatory policies may all have a significant impact on the price of ETH. For instance, if there are significant adjustments in the monetary policies of major global economies or if some countries further tighten their regulatory policies on cryptocurrencies, it could trigger sharp fluctuations in the cryptocurrency market. Therefore, investors must remain rational, closely monitor market dynamics, take adequate risk control measures, and make investment decisions with caution.
With ETH breaking through $2,800, all market participants are waiting to see if it can hold its ground at this key level and further expand its upward space. How the price trend of ETH will evolve in the future, whether it will continue to rise and strive for a higher target or face the pressure of a pullback, is worth the market’s continuous attention.
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