Ehereum Primed for 20% Surge—$3,300 Target in Sight as May Rally Takes Shape
Ethereum’s chart setup screams bullish: key resistance levels shattered, whale accumulation patterns flashing green, and derivatives traders piling into calls. This isn’t hopium—it’s a textbook setup for the 20% climb to $3,300 that technicals have been telegraphing since April.
Market makers are quietly repositioning options books for upside volatility, while that 3-month descending wedge breakout now points to $3,300 as the logical profit-taking zone. Of course, the usual suspects will claim they ’called it’ after the fact—just ignore the same accounts that predicted $10K ETH by last Christmas.
With staking yields holding steady and the ETF overhang finally priced in, the path of least resistance points north. Whether this becomes the springboard for new ATHs or just another exit liquidity event for bagholders depends entirely on whether retail FOMO returns. Place your bets.
A significant shift in the market sentiments has been observed in the past few days, specifically with respect to Ethereum. Although the Bitcoin price is rising with some margin, the ethereum price has been outperforming in terms of daily gains. Currently, the token has recorded more than a 12% jump compared 4% to 5% jump of Bitcoin. WIth this, the ETH price has reached one of the important resistance zones, breaking which, the token could become one of the top gainers for the month.
Besides, the institutional interest in ethereum is on the rise. The recent data shows the institutions sold nearly 889 BTC but bought 5,410 ETH during the last trading day. Along with this, the ETH inflows into accumulation addresses have spiked to insane levels. This hints that the big players may be aware of more things, which has raised their interest despite the sideways trend of the ETH price.
As mentioned above, the ETH price has been in a slump for quite a long time, which dropped the interest among the retail traders. As a result, they sold off their holdings, which have now been accumulated by the institutions. Moreover, after the recent Pectra upgrade, the burn rates have been on the rise, which is a huge bullish signal for the crypto.
What’s next? How high will the ETH price go in May 2025?
The weekly chart of ETH price suggests the token is approaching the edge of the prolonged consolidation and hence a breakout from the accumulated zone is expected to kick-start a strong bull run. Two main indicators are set to undergo a bullish crossover shortly, which may confirm the start of a strong upswing: the Ichimoku Cloud and DMI. On the other hand, the token is consolidating between the 50- and 200-day MAs, which are acting as strong support and resistance levels. As the price in the weekly chart has never faced a death cross, the well-positioned price range between these MAs suggests the possibility of a rebound.
The Ethereum price is working hard to surpass the pivotal resistance at $2,800, which could transform into a strong base preventing any major correction. With this, the price is believed to rise and reach the trand reversal zone around $3000 that may further push the token beyond $3,500.
