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The crypto market ignited on May 8, 2025, driven by a spectacular surge in Ethereum. In just a few hours, the asset jumped 22 % to surpass 2,200 dollars, triggering a strong reaction throughout the crypto ecosystem. This rapid surge highlights the market’s responsiveness and rekindles speculation around the world’s second-largest crypto.
In Brief
- Ethereum jumps 22 % in a single day, crossing the $2,200 mark
- This bullish rally follows a major technical breakout, with the decisive breach of the $1,600 resistance.
- Meanwhile, Ethereum network fundamentals show a clear revival, with TVL up 41 % in one month.
- The Pectra update, deployed on May 7, could enhance scalability and support this momentum.
A 22 % Leap : The Making of a Historic Day
The day of May 8 was marked by Ethereum’s meteoric rise. In 24 hours, the crypto experienced a 22 % surge, crossing the symbolic $2,200 mark. This sharp ETH surge comes during a bullish sequence started a few days earlier, when the asset broke a major resistance at $1,600 on April 22. Indeed, this technical threshold, long considered an unbreakable ceiling since mid-December 2024, was decisively breached upwards, marking a turning point in market dynamics.
The behavior of technical indicators confirms this reversal: the Relative Strength Index (RSI), a key momentum barometer, rose from 56 to 66 in 24 hours, signaling a strong renewed buying appetite.
This momentum is reinforced by several technical analysis elements identified in the preceding days :
- Breaking a 6-month downtrend, in place since December 2024 ;
- Significantly increased transaction volumes, with dominant green candles on daily charts ;
- Price targets identified between $2,000 and $2,250 as first friction zones ;
- A more ambitious projection : a “major bullish reversal” potentially reaching between $2,500 and $3,500 ;
- The next estimated technical resistance at $2,800, before targeting the psychological $3,000 threshold.
This picture confirms that the ETH rebound goes beyond a simple volatility spike. It fits into a structured technical sequence, fueled by a series of converging signals. The challenge now, for buyers, will be to maintain this bullish pressure until crossing the next resistance zones, while absorbing possible short-term profit-taking.
The Awakening of Fundamentals : Ethereum Gains Deeply
Beyond technical signals, Ethereum’s awakening also finds its roots in solid fundamental data, illustrating renewed activity within the ecosystem. The Total Value Locked (TVL) on the network climbed from $44.5 billion in early April to $52.8 billion in early May, an impressive increase of 41 %.
This momentum is supported by growing inflows into the most strategic decentralized applications: deposits on BlackRock BUIDL surged 50 %, those on Spark rose 33 %, and Ether.fi shows a 25 % increase. These figures suggest a tangible recovery in demand and usage of protocols built on Ethereum. Meanwhile, daily transactions on the network also increased by 22 %, emphasizing a concrete return of on-chain activity.
Another significant support factor lies in the recent deployment of the Pectra update, activated on May 7. Although its immediate effect on price is hard to quantify, this technical evolution aims to optimize network architecture, laying the groundwork for efficiency and scalability gains.
In a context where Ethereum faces growing competition, notably from Bitcoin ETFs, this technological evolution could enable the blockchain to reinforce its leadership in the months to come. At the same time, the renewed confidence of institutional and retail investors materializes with a massive return of capital on exchanges, notably Binance, where volumes on ETH are seeing a strong recovery.
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Diplômé de Sciences Po Toulouse et titulaire d’une certification consultant blockchain délivrée par Alyra, j’ai rejoint l’aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l’économie, j’ai pris l’engagement de sensibiliser et d’informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu’elle offre. Je m’efforce chaque jour de fournir une analyse objective de l’actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
