Ethereum Breaks $2,200 Barrier: A Bullish Surge Engulfs the Crypto Market

The crypto market experienced a dramatic surge on May 8, 2025, driven primarily by a significant rise in Ethereum. Within a single day, ETH saw a staggering jump of 22%, surpassing $2,200 and sending ripples across the entire cryptocurrency ecosystem. This impressive rally is attributed to a confluence of factors, including expanding decentralized finance (DeFi) applications, increasing institutional interest, and a technical breakout marking a turning point in market dynamics.