Ethereum Surges Past $2.5K as Altcoins Rally: Pectra Upgrade and Macro Winds Fuel 40% Weekly Gain

Ethereum (ETH) has spearheaded a remarkable altcoin resurgence, breaking through the $2,500 barrier with an 8% daily surge. This rally marks a 40% weekly gain from April’s lows of $1,400, fueled by the upcoming Pectra upgrade and improving macroeconomic conditions. The broader altcoin market is mirroring this momentum, with multiple tokens posting significant gains as investor sentiment shifts.

Altcoins Take Main Stage as Ethereum (ETH) Shoots Past $2.5K

Ethereum leads a resurgent altcoin market, breaching the $2,500 threshold with an 8% daily surge. The second-largest cryptocurrency has rallied nearly 40% this week, marking a dramatic recovery from April’s $1,400 low.

The Pectra upgrade and favorable macroeconomic conditions have catalyzed ETH’s ascent. This resurgence echoes broader altcoin momentum, with multiple tokens posting significant gains amid shifting market dynamics.

Ethereum Breaks Key Price Level as Institutional Demand Grows

Ethereum surged past its realized price threshold of $1,900, signaling profitability for long-term holders and accumulation addresses. The milestone reflects strengthening conviction among institutional investors, particularly following the Pectra network upgrade.

Binance dominates ETH trading volumes as on-chain metrics reveal increased profit-taking activity. The exchange’s liquidity depth suggests ethereum is reclaiming leadership in digital asset markets. Market structure now mirrors previous bull cycle patterns, with sustained demand absorbing sell pressure.

Ethereum Holds Above $1,900 Realized Price Signaling Long-Term Bullish Confidence

Ethereum surged 37.14% over the past week, peaking at $2,600, fueled by the Petra network upgrade. The upgrade enhances ETH’s burn rate and scarcity, reinforcing bullish sentiment.

The altcoin’s sustained position above its realized price—the average acquisition cost of circulating tokens—signals investor confidence. Historically, prices above this threshold indicate a bullish market, as holders remain in profit territory.

Ethereum Price Soars 44% in May: Breakout or Bull Trap?

Ethereum’s native token ETH surged 44% in May, rebounding from a prolonged 145-day downtrend that bottomed NEAR $1,800. The rally accelerated after clearing critical technical barriers—including the 50-day, 100-day, and 200-day exponential moving averages—with particular significance attached to the decisive breach of the 200 EMA at $2,430.

Trading volumes substantiated the move, suggesting genuine accumulation rather than speculative froth. Yet the appearance of the first red daily candle in this uptrend hints at potential exhaustion. Market participants now weigh whether this marks a sustainable trend reversal or a classic bull trap after months of bearish sentiment.

Ethereum Surges 44% as Abraxas Capital Withdraws $695M from Exchanges

Ethereum’s price rally has accelerated dramatically, climbing from $1,800 to $2,600 amid aggressive institutional accumulation. Abraxas Capital executed two major withdrawals totaling 323,820 ETH ($695 million) from centralized exchanges within a week—a clear bet on Ethereum’s long-term appreciation.

The whale activity coincides with ETH breaking through critical resistance levels, suggesting sustained upward momentum. Such concentrated accumulation typically precedes major catalysts, whether protocol upgrades or macroeconomic shifts favoring crypto assets.

Lido Protocol Declared Secure After Oracle Attack Triggers Emergency DAO Vote

Lido has confirmed its protocol’s security following an oracle attack that siphoned 1.46 ETH ($3,800), prompting an emergency DAO vote to rotate the compromised oracle address. Chorus One, the oracle operator, labeled the incident an isolated event with no systemic risk, citing a clean audit of its infrastructure.

Blockchain data reveals the attacker employed an automated system rather than a targeted exploit. The breach has reignited discussions on oracle security and DeFi resilience, with a full postmortem pending Chorus One’s ongoing investigation.