After months of declines and dominating bearish sentiments, the Ethereum price is regaining bullish momentum. The market crashed with Trump’s tariff crash and other connected macroeconomic events, building fear among investors. Now, the crypto market is recovering, and the ETH rally is the prime example, with more than a 60% surge from the April crash. Interestingly, experts anticipate a further rally considering bullish factors. Let’s discuss.
Ethereum Price Soars 60%
The crypto market witnessed a major slump in April amid the Donald Trump tariff announcement. As a result, the Ethereum price crashed to a two-year low of $1,472. The consolidation remained for days before an uptrend began, resulting in the 60% recovery.
At present, ETH trades at $ 2,370, marking a 5% surge in the last 24 hours and 30% over the week. Additionally, it has a market capitalization of $286.19B and a trading volume of $ 39.44 B. The Coinglass reports also add traders’ bullish perspective on altcoin, as they are betting on the long term.
However, the liquidation number is also high, signaling high volatility.
Ethereum Price Rally: Top Reasons Why It’s Bullish
Although the broader crypto market recovery is a straight reason for the ETH price rally, there’s more. The broader recovery is due to changing investors’ sentiments influenced by the new US-UK trade deal.
Besides, CoinGape recently reported a significant decline in the Bitcoin dominance, presenting the opportunity for altcoins like Ethereum and others to shine. Not to forget, the Ethereum network’s Pectra upgrade is now live, offering various benefits to the ecosystem.
Connecting the Dots: Why Whales Were Front-Running Pectra
1. The Pectra upgrade (May 2025) increased the max stake per validator from 32 ETH to 2,048 ETH (EIP-7251), giving whales operational efficiency and better yield mechanics.
2. EIP-7002 also allows execution-layer… pic.twitter.com/98yavkOhW6
— Chris Park (@ChrisPark_IC) May 10, 2025
The demand for Ethereum is at its peak in the current market. Recently, World Liberty Financial bought $3.5M worth of ETH, and BlackRock witnessed high ETH ETF inflows, catering to its surge.
If the ETH price continues its upward momentum and breaks key resistance at $2,500, it could accomplish new highs.
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