Ethereum Surges 8.2% Amid Market Rally, Breaks Key Resistance Levels
May 27, 2025
On May 27, 2025, Ethereum (ETH) experienced a significant rally, rising over 8.2% from a low of $3,450 to a high of $3,735.
Trading volume for ETH surged by 35%, with over $18 billion traded across major exchanges such as Binance, Coinbase, and Kraken.
In the last 24 hours, trading volume reached 5.2 million ETH, marking a 40% increase from the previous day and indicating heightened market activity.
This price increase followed weeks of bearish sentiment driven by concerns over network scalability and high gas fees.
Technically, ETH broke above the 50-day moving average at $3,620, with the Relative Strength Index (RSI) at 68, suggesting potential for further upside.
Bitcoin (BTC) also saw a rise of 5.1%, reaching approximately $67,800, highlighting a strong correlation between ETH and BTC.
The ETH/BTC trading pair gained 3.1%, indicating ETH's relative strength against Bitcoin, while altcoins like Polygon (MATIC) and Arbitrum (ARB) also posted gains.
Ethereum ETF inflows totaled $35 million, reflecting growing institutional confidence in the cryptocurrency.
On-chain metrics revealed a 12% increase in Ethereum's daily active addresses, surpassing 550,000, which indicates growing network usage.
Liquidations in ETH futures contracts exceeded $120 million, catching many short-sellers off guard.
Crypto influencer Crypto Rover highlighted this unexpected rebound on social media, coinciding with a broader recovery in the cryptocurrency market.
The S&P 500 index rose by 1.2%, reflecting a risk-on sentiment among investors, which positively influenced crypto-related stocks like Coinbase Global (COIN) that gained 2.8%.
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Blockchain.News • May 27, 2025
Ethereum Price Bounce 2025: $ETH Rebounds Amid High Short Interest – Key Levels for Crypto Traders | Flash News Detail