Ethereum Faces Resistance as Bullish Rally Stumbles

Ethereum has experienced a surge in price, testing critical resistance levels near $2,900 this May 2025. The rally’s impact on altcoin markets is notable, especially considering that institutional buying activity hasn’t been confirmed and bears are emerging with declining volume. However, the positive momentum from this rally can shift market sentiment towards more optimism as long-term investors remain cautiously optimistic, waiting to break through key resistance levels.