Ethereum Surges for 7th Consecutive Day, Eyes $3,000 Milestone

Ethereum (ETH) has experienced a remarkable rally, marking its seventh consecutive day of gains.

Written by: Sophia Cruz • Thursday, May 29, 2025 • 1 min read

Quick overview

Ethereum (ETH) has seen a significant rally, achieving seven consecutive days of gains and trading at approximately $2,729.48.
Increased institutional interest, exemplified by companies like Sharplink Gaming planning Ethereum treasury reserves, is driving the bullish trend.
Technical analysis shows ETH has broken out of its downtrend, with key resistance levels identified between $2,700 and $2,800.
Market analysts predict that if momentum continues, ETH could reach between $4,900 and $5,950 by the end of 2025, with some forecasts suggesting a rise to $12,000.

Ethereum (ETH) has experienced a remarkable rally, marking its seventh consecutive day of gains.

As of May 29, 2025, ETH is trading at approximately $2,729.48, reflecting a significant upward momentum.

Several factors contribute to this bullish trend. Institutional interest has notably increased, with companies like Sharplink Gaming announcing plans to establish Ethereum treasury reserves. This move signifies a growing acceptance of ETH as a strategic asset among institutional investors.

Technical analysis indicates that Ethereum has broken out of its previous downtrend, forming higher lows and testing key resistance levels. The $2,700-$2,800 range is identified as a critical resistance zone; surpassing this could pave the way for ETH to reach the psychological $3,000 level.

Market analysts are optimistic about Ethereum’s trajectory. Predictions suggest that if the current momentum continues, ETH could potentially reach between $4,900 and $5,950 by the end of 2025. Some even forecast a rise to $12,000, citing factors like increased institutional adoption and advancements in Ethereum’s infrastructure.

The upcoming expiration of $2.4 billion in ETH options on May 30 is also influencing market dynamics. A significant portion of these options are set at strike prices below the current market value, indicating a bullish sentiment among investors.

These developments underscore Ethereum’s growing prominence in the cryptocurrency market. The sustained rally and institutional endorsements suggest that ETH is solidifying its position as a key asset in digital finance.

As Ethereum continues its ascent, market participants will be closely monitoring its performance, particularly as it approaches the $3,000 threshold. The coming days will be crucial in determining whether ETH can maintain its momentum and achieve new highs.

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ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.