Ethereum Breaks Key Resistance: Is $3,000 the Next Target?
Ethereum’s recent surge past $2,300 has reignited bullish sentiment across the crypto market, with technical indicators suggesting further upside potential. As of May 10, 2025, ETH’s breakout from its consolidation phase could mark the beginning of a new altseason.
Ethereum Price Surges Past $2,300, Sparking AltSeason Speculation
Ethereum breached the $2,300 resistance level for the first time in weeks, fueled by accelerating buying pressure. The second-largest cryptocurrency now trades at $2,250.62 after emerging from a prolonged consolidation phase.
Technical analysts highlight the significance of ETH’s breakout above $2,200, a level that had capped gains since March. The successful retest of this threshold as support suggests strengthening bullish momentum. Market observers are watching whether this MOVE could catalyze broader altcoin market rallies.
Noted analyst Ali Martinez identifies $2,380 as the next critical resistance level. The current price action mirrors historical patterns preceding altseason periods, where ethereum typically leads secondary cryptocurrencies in market outperformance.
BlackRock Pushes SEC to Approve Ethereum ETF Staking and Tokenization
Wall Street giant BlackRock has intensified its push for Ethereum ETF staking capabilities in closed-door discussions with the SEC’s Crypto Task Force. The asset manager argues that spot ETH ETFs remain incomplete without yield-generating staking features, despite regulatory hurdles under Chair Gary Gensler’s administration.
Robert Mitchnick, BlackRock’s Digital Assets lead, framed staking integration as a transformative upgrade for ETH ETFs, though operational complexities remain. The talks signal growing institutional demand for crypto-native features like staking and real-world asset tokenization in regulated products.
Ethereum (ETH) Price Targets $4,000 After Breaking Key Resistance Levels
Ethereum surged past critical resistance levels, trading at $2,300 after breaching the $2,000 barrier. Analysts now eye $3,000 and $4,000 as next targets following the Federal Reserve’s decision to maintain interest rates, which sparked a broad rally in digital assets.
The breakout above $1,860—a zone where 4.54 million wallets hold 5.58 million ETH—signals strong bullish momentum. On-chain metrics and clearing of key supply walls suggest Ethereum is poised for further upside.
Base Network Dominates Ethereum Layer-2 Race with $3.7B Trading Volume
Base has solidified its position as the leading Ethereum Layer-2 network, commanding 36% of the total value locked (TVL) across the segment. With $3.49 billion in TVL and $581 million in daily volume, the Coinbase-incubated chain now holds a decisive lead over competitors like Arbitrum One.
The network’s DEX activity has rebounded sharply, processing $3.7 billion in trades during the past 24 hours alone. This represents a $551 million volume advantage and $1 billion TVL gap over its nearest rival. Base’s momentum may accelerate further with planned optimizations for Ethereum’s upcoming Pectra upgrade.
