Ethereum has hit a new all-time high, exceeding the crucial $4,500 mark. This surge in activity is attributed to increasing DeFi utilization and growing institutional investment. Recent on-chain data shows Ethereum processed a record 41.98 million transactions in May 2025 – the highest monthly volume in over a year. This highlights Ethereum’s robust network usage across DeFi protocols, NFT platforms, and Web3 applications. Analysts believe this surge will fuel a continued bullish trajectory through the remainder of 2025. As of now, Ethereum is trading at $2,584.54, reflecting a 2.05% increase over the past 24 hours. Strong buyer demand has been observed below the $2,400 level, with support forming in that zone. Coincryptonews recently highlighted the area between $2,700 and $2,750 as a key resistance band. A breakout above this level could mirror Bitcoin’s past price rallies. 200-day EMA reclaim signifies a shift in market sentiment, with buyers regaining control. Ethereum is currently consolidating near $2,534.55. If the price can break through the significant resistance zone at $2,700-$2,800, a bullish structure could form (Break of Structure, or BOS). This breakout could propel Ethereum towards targets between $3,600 and $4,000. The RSI (Relative Strength Index) currently sits in neutral territory, indicating more potential upward movement before a possible pullback. The historical resistance levels near $1,750 and $1,590 have flipped into support, strengthening the overall price foundation. Analysts are keenly observing for a local high to break, which would signal the continuation of the bullish trend.