Ethereum Rallies 42% In 7 Days: What Is Driving The Surge?
Posted On May 14, 2025
Ethereum (CRYPTO: ETH) has surged 42% over the past seven days, driven by the announcement of the Pectra upgrade, a pivotal step in Ethereum’s network evolution, and heavy institutional accumulation.
| Cryptocurrency | Price | 24-Hour Trend | 7-Day Trend |
| Ethereum (CRYPTO: ETH) | $2,628.60 | +4.5% | +42% |
| Bitcoin (CRYPTO: BTC) | $104,057.12 | +0.23% | +7.3% |
| XRP (CRYPTO: XRP) | $2.61 | +3% | +22.2% |
London-based asset management firm Abraxas Capital has acquired 242,652 ETH, valued at approximately $561 million, over the past week.
With institutional interest rising and Ethereum’s fundamentals strengthening, the path forward may hinge on whether ETH can sustain momentum above the current range.
Trader Notes: Crypto chart analyst Ali Martinez identifies $3,100 as Ethereum’s key resistance, with major support around $2,233, based on current pricing bands.
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