Ethereum Stakers Rejoice as ETH’s 40% Surge Restores Profitability
Ethereum stakers are once again in the green as ETH’s price surged by 40% in just one week, marking a significant turnaround for the cryptocurrency. This rally has pushed the value of staked ETH above its realized cost basis of $2,279, a critical threshold that had not been breached since early March. The recent price movement not only brings relief to validators and long-term holders but also potentially reduces selling pressure in the market. According to CryptoQuant, staked ETH had been underwater since March 3, when prices fell below the $2,279 mark. The current uptrend signals a bullish phase for Ethereum, with stakeholders now seeing unrealized gains for the first time in months. This development could further bolster confidence in ETH’s long-term prospects, especially as the network continues to evolve with upgrades and increasing adoption. The resurgence in profitability for stakers highlights Ethereum’s resilience and its pivotal role in the broader crypto ecosystem.
Ethereum Stakers Back in Profit as ETH Surges 40% in a Week
Ethereum stakers have returned to profitability following a 40% weekly surge in ETH’s price, marking the first unrealized gains since early March. The rally pushed staked coins above their realized cost basis of $2,279, potentially reducing selling pressure among validators and long-term holders.
CryptoQuant data reveals staked ETH had been underwater since March 3, when prices dipped below the critical $2,279 threshold. The May 9 breakthrough signals a psychological shift for network participants, with on-chain metrics now flashing bullish for the first time in ten weeks.
Ethereum Turns Bullish as Market Frenzy Reaches New Heights
Ethereum ($ETH) has surged past the $2,350 resistance level, trading around $2,500 as bullish momentum builds. The altcoin’s upward trajectory suggests a stable path toward new all-time highs, with market sentiment fueling institutional interest and liquidity inflows.
Analysts now eye $2,720 as the next key target, with potential breakouts at $2,600 and $2,620 acting as stepping stones. A confirmed bullish trend line underscores growing investor confidence in $ETH’s near-term prospects.
Uniswap Hits $3 Trillion in Historic Trading Volume as DeFi Momentum Builds
Uniswap has cemented its position as a DeFi pioneer, becoming the first decentralized exchange to surpass $3 trillion in cumulative trading volume. Founder Hayden Adams marked the milestone on social media, acknowledging the community’s role in reshaping global finance through decentralization.
The protocol now commands 23% of daily DEX volume, processing approximately $3 billion in trades over the past 24 hours. This achievement comes just six years after Uniswap’s 2018 launch, demonstrating the explosive growth of decentralized finance.
Adams’ announcement hinted at upcoming smart wallet integrations, signaling Uniswap’s continued innovation in user experience. As DeFi gains mainstream traction, early adopters of protocols like Uniswap stand to benefit disproportionately from network effects and first-mover advantages.
Ethereum Surpasses Alibaba and Coca-Cola in Market Valuation Amid 40% Rally
Ethereum’s market capitalization has eclipsed traditional corporate giants Alibaba and Coca-Cola, reaching $308 billion as of Sunday. The cryptocurrency now ranks 39th globally, trailing Bank of America by a narrow $7 billion margin.
The surge follows ETH’s 58% rebound from 30-day lows, currently trading NEAR $2,550. This upward trajectory coincides with the launch of Ethereum’s Pectra upgrade—hailed as the network’s most significant development since its 2022 transition to proof-of-stake.
Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next
Ethereum has decisively broken out of a months-long downtrend, with technical indicators now pointing to a sustained upward trajectory. The 4-hour chart shows a sharp reversal above a key descending trendline, a MOVE that has reignited bullish sentiment across the market.
Analyst ’Orihadad66’ notes the breakout was accompanied by rising volume, suggesting strong conviction behind the move. Resistance levels are expected to flip into support, paving the way for a potential test of $3,000. This isn’t a tentative recovery—the shift from bearish to bullish structure appears decisive.
Ethereum Surges 40%, Turning Majority of Holders Profitable
Ethereum’s native token ETH has staged a remarkable 41% rally over the past week, climbing from $1,766 to $2,620.90. The sudden upswing marks a dramatic reversal for the cryptocurrency, which had shown minimal price action throughout most of the past year.
The altcoin now finds strong support above $2,500, trading at $2,544.25 at press time. While still distant from its all-time high, ETH has delivered 60% monthly gains - a performance that has pushed 60% of holders into profitable territory.
Market observers note the move caught many participants off guard, given Ethereum’s prolonged period of sideways trading. The rally provides much-needed relief for long-term investors who endured the crypto winter’s chill.
