Ethereum Soars: 21% Single-Day Surge Sparks Bullish Momentum Toward $2,850

Ethereum (ETH) has recorded its most significant single-day gain since May 2021, surging 21% on May 12, 2025, to reach $2,330. This rally follows a two-week consolidation NEAR $1,800 and is fueled by substantial spot market activity, including the withdrawal of 180,000 ETH from exchanges. With weekly gains now at 29%, technical indicators suggest potential upside targets of $2,500 and $2,850 if bullish momentum continues. The surge highlights renewed institutional interest in Ethereum’s spot market, signaling strong confidence in its long-term growth prospects.

Ethereum Marks Highest Single-Day Gain Since 2021 Amid Spot Market Surge

Ethereum surged 21% on Thursday, its largest daily gain since May 2021, as spot market investors withdrew 180K ETH from exchanges. The rally pushed ETH to $2,330, with weekly gains now at 29%.

Technical indicators suggest potential upside targets at $2,500 and $2,850 if bullish momentum sustains. The MOVE follows two weeks of consolidation near $1,800, highlighting renewed institutional interest in ETH’s spot market.

BlackRock Engages SEC on Crypto Staking for Ether ETFs

BlackRock, the world’s largest asset manager, has held discussions with the SEC’s Crypto Task Force regarding the integration of staking features into cryptocurrency exchange-traded products. The firm emphasized that current Ether ETFs, while successful, remain incomplete without staking capabilities—a core value proposition of Ethereum’s proof-of-stake blockchain.

The meeting signals growing institutional demand for yield-generating crypto products. BlackRock’s existing Ether ETF filing currently omits staking, but the firm argues such offerings deprive investors of Ethereum’s full economic potential. This development follows BlackRock’s landmark Bitcoin ETF approval earlier this year, which saw record inflows.

Ethereum Surges 31% in Hours, Signaling Bullish Reversal

Ethereum’s price catapulted 31% within hours, breaking through key resistance levels at the 50, 100, and 150-day exponential moving averages. The rally pushed ETH above $2,300—clearing the critical 200-day moving average threshold often viewed as a trend reversal indicator.

Trading volume surged alongside the price action, suggesting institutional participation rather than speculative froth. Chart patterns now mirror historical breakout structures that preceded extended bull runs in previous cycles.

While the relative strength index flirts with overbought territory at 81, seasoned traders note such extremes frequently accompany sustained uptrends during crypto market expansions. The move has reignited bullish sentiment across digital asset markets.

Abraxas Capital Withdraws 138K Ethereum in Major Institutional Show of Confidence

Abraxas Capital Management has executed a bold vote of confidence in Ethereum, withdrawing 138,511 ETH (approximately $297 million) from centralized exchanges over a two-day period. Blockchain analytics platform Lookonchain first flagged the aggressive accumulation on May 8, when 49,644 ETH ($92 million) was pulled from Binance and Kraken.

The scale of this institutional move signals growing conviction in Ethereum’s long-term value proposition. Such concentrated withdrawals typically precede periods of reduced market liquidity, often correlating with upward price pressure.

Did Ethereum Price Rally 60% In Just One Month? $3,500 $ETH Soon

Ethereum’s price has surged 60% from recent lows, marking a dramatic turnaround after months of stagnation. The rally has reignited bullish sentiment across crypto markets, with traders eyeing the $3,500 resistance level.

Key drivers include renewed institutional interest, anticipation of ethereum ETF approvals, and growing adoption of Layer 2 solutions. Market structure suggests this uptrend may have staying power as on-chain metrics show robust accumulation.

Ethereum Whale Makes $20M Strategic Reentry as ETH Breaks $2,400

A high-net-worth Ethereum investor has reentered the market with a $20.55 million dollar-cost averaging (DCA) bet, despite previously incurring an $11 million loss. On-chain data reveals the whale sold all ETH holdings at approximately $2,740 three months ago, only to return last month with a $4.07 million purchase at $1,502. The latest accumulation of 9,023 ETH signals strong conviction amid the asset’s rally past $2,400.

The move underscores sophisticated investors’ willingness to absorb short-term losses for long-term positioning. Ethereum’s price resilience continues to attract capital, with this whale’s activity mirroring institutional accumulation patterns observed during previous market cycles.