Ethereum Jumps 4% Amid Whale-Sized Trading Volumes—Wall Street Starts Paying Attention

Institutional money finally wakes up—ETH rallies on a tidal wave of volume that’d make a crypto exchange blush.

Wall Street’s late to the party (again), but at least they brought liquidity.

Funny how blockchain’s ’niche tech’ narrative evaporates when hedge funds smell double-digit returns.

Technical Analysis

• A clear bottoming pattern formed during the 01:00 hour with exceptionally high volume (242,521 ETH), establishing strong volume support.
• A decisive breakout occurred during the 06:00-07:00 hours with massive volume surges (553,348 ETH and 221,502 ETH respectively).
• The price action showed three distinct phases: initial consolidation (07:04-07:29), powerful breakout (07:30-07:32) with high volume spikes exceeding 7,000 ETH per minute, and sustained uptrend.
• The $2,600 level is now established as a new support zone with momentum indicators suggesting potential for further upside toward $2,650.
• High-volume support at $2,530 now serves as a critical floor for any retracements.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

• Bitcoin Sistemi, Ethereum (ETH) Continues Bullish Momentum – What’s Next? Here Are the Details, published May 26, 2025.
• CryptoPotato, Interesting Ethereum (ETH) Price Predictions as of Late, published May 26, 2025.
• CryptoPotato, Ethereum’s (ETH) Quiet Rally – Where Are the Retail Investors?, published May 26, 2025.
• NewsBTC, Ethereum Above $2,500 – Here’s Why Analysts Think $3,000 May Be Next, published May 27, 2025.
• CoinEdition, Ethereum Price Prediction for May 28, published May 27, 2025.