OTC Weekly Trading Insights: May 15, 2025

Ethereum (ETH) experienced significant growth last week following the successful deployment of the Pectra upgrade. This surge saw ETH prices rise by 16.5%, surpassing the $4,500 mark. Bitcoin (BTC), meanwhile, remained relatively stable in the range of $102k-$104k. This increase was driven by short covering and a resurgence of institutional buying interest in ETH. As ETH lagged behind BTC over the past two years, many traders were holding short positions which resulted in a rapid price climb after their positions were covered.