Ethereum’s Bullish Outlook in May: Institutional Interest and Pectra Upgrade Fuel Optimism
Ethereum (ETH) is showing promising signs in May 2025, driven by renewed institutional interest and the upcoming Pectra upgrade. Despite a challenging April with lackluster performance and bleak on-chain metrics, ETH holders remain cautiously optimistic. The network’s fundamentals are strengthening, and anticipation is building around potential spot ETH ETF approvals, creating a bullish undercurrent for the cryptocurrency.
Ethereum (ETH) Shows Promise in May Amid Institutional Interest and Upcoming Pectra Upgrade
Ethereum holders are entering May with cautious optimism. The network’s fundamentals appear to be strengthening, while anticipation builds around the Pectra upgrade and potential spot ETH ETF approvals. Institutional interest is returning, creating a bullish undercurrent despite April’s lackluster performance.
April proved challenging for ETH, with on-chain metrics painting a bleak picture. Active addresses declined, transaction counts dropped, and network fees dwindled—all symptoms of reduced user demand. The broader market stagnation kept ETH pinned below $2,000, unable to break key resistance levels.
Yet the tide may be turning. The Pectra upgrade looms as a potential catalyst, while spot ETH ETFs could unlock fresh institutional capital. Market participants are watching for signs of renewed activity as Ethereum’s ecosystem prepares for its next evolutionary leap.
Ethereum Price Powers Through Resistance — Eyes on $2,000
Ethereum’s price has surged past the $1,750 resistance level, signaling renewed bullish momentum. The cryptocurrency now trades above $1,800, with the 100-hourly Simple Moving Average reinforcing support. A short-term contracting triangle formation on the ETH/USD hourly chart suggests potential breakout above $1,880.
Market observers note Ethereum’s resilience after maintaining its footing above $1,720. The subsequent climb through $1,780 and $1,800 resistance levels has set the stage for further gains. Current consolidation NEAR $1,872 follows a strong push that saw ETH breach $1,850, mirroring Bitcoin’s recent upward trajectory.
Kelp Integrates Chainlink PoR to Secure $rsETH Minting
Kelp, the second-largest liquid staking platform in the KernelDAO ecosystem, has integrated Chainlink Proof of Reserve (PoR) to ensure secure minting of its $rsETH token. The move enforces 1:1 collateralization programmatically, allowing new tokens only when backed by equivalent reserves.
Chainlink’s PoR solution enhances transparency and security for Kelp’s staking derivatives, reinforcing trust in the $rsETH ecosystem. The integration was announced via a press release and promoted by Chainlink’s official social media channels.
Ethereum Price Climbs to $1,850 But Faces Resistance Ahead
Ethereum surged 3.14% to $1,850, testing its 50-day EMA as support—a tentative bullish signal. The rally lacks conviction, with subdued volume and volatility failing to mirror previous upward moves. Resistance looms at the 100-day EMA ($2,148) and 200-day EMA ($2,469); a decisive breakout could reignite bullish momentum.
Market participants remain cautious. Thin trading volume suggests weak follow-through, leaving ETH vulnerable to sentiment shifts. Technicals hint at potential, but the absence of robust buying pressure raises doubts about sustainability.
Ethereum’s Vitalik Buterin Unveils 2025 Roadmap with Focus on Scaling and Privacy
Ethereum co-founder Vitalik Buterin has outlined his 2025 priorities, placing Layer-1 scaling and full-stack privacy at the forefront. The roadmap aligns with the Ethereum Foundation’s renewed focus on decentralization and security. Market sentiment appears bullish, with traders speculating on a potential $1,900 price target for ETH.
Buterin emphasized the need for privacy enhancements in front-end systems like wallets and applications, alongside broader interests in open-source funding and biodefense. The announcement comes as Ethereum’s ecosystem continues to evolve through protocol upgrades and growing institutional interest.
Ethereum Eyes $2,000 as Binance Supply Drops: Short Squeeze Incoming?
Ethereum continues its recovery phase, trading above $1,800 after a 15.3% gain over the past two weeks. Despite waning investor enthusiasm, ETH demonstrates resilience, buoyed by renewed buying interest and bullish on-chain signals.
Exchange supply metrics reveal a notable decline in Binance’s ETH holdings relative to circulating supply. Amr Taha of CryptoQuant highlights this trend as a potential indicator of reduced selling pressure, with the Exchange Supply Ratio hitting multi-month lows.
