Ethereum Surges Over 40%, Reaches New Record High – What’s Next?

Ethereum has experienced a significant price surge, exceeding 40% in just four days. Fueled by whale transactions and renewed investor interest, it reclaimed levels last seen in February. The rally began on May 8, with Ethereum breaking past the $1,800 barrier and quickly surging past $2,000 within hours. The momentum continued through the weekend, reaching as high as $2,500 before briefly touching $2,600 during a strong buying spree. Currently trading around $2,549 with a 24-hour volume of $27 billion, Ethereum has gained nearly 61% in the past month. 48% away from its all-time high of $4,891 set in November 2021, it now stands near historic levels.