Ethereum Price Down After 40% Surge, Whales Buy Dip Amid Organic Accumulation
Posted On May 19, 2025
After climbing 40% in early May on ETF speculation and surging volumes, Ethereum (CRYPTO: ETH) has pulled back to around $2,400. Ethereum’s rally hits a ceiling in spite of big players buying the dip and technical indicators supporting the bullish sentiment.
ETH surged from $1,800 to $2,400 in the first half of May. Last week, Cointelegraph reported a sharp decline to $2,575, driven by profit-taking and a reset in leveraged positions. Ethereum is consolidating just above $2,400 — well off its recent highs but still strong relative to April levels.
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According to CryptoNewsLand, 2.64 …
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