Ethereum Surges to $1,800 — Is a 30% Rally Coming in May 2025?

Jakarta, Pintu News – Ethereum price is expected to rise 30% in May, in line with historical trends showing that May is usually one of the best months for this largest altcoin.

At the same time, “whales” (large owners of ETH) have been active in adding to their holdings, fueled by renewed optimism regarding the proposed network capacity increase aimed at reaching 2,000 transactions per second (TPS), potentially restoring Ethereum’s dominance among other layer one networks.

Then, how will Ethereum price move today?

Ethereum Price Up 1.34% in 24 Hours

As of April 29, 2025, Ethereum (ETH) was trading at approximately $1,802, or around IDR 30,384,812, marking a 1.34% gain over the past 24 hours. Throughout this period, ETH reached a low of IDR 29,555,325 and climbed to a high of IDR 30,791,812.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $217.45 billion, with daily trading volume rising 40% to $16.46 billion within the last 24 hours.

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Ethereum Price Targets 30% Increase in May 2025

Data from Coinglass shows that May was the best period for Ethereum prices, with an average return of around 30%.

If this historical trend is repeated, Ethereum could potentially surge from its current price of $1,800 to $2,300.

The “whales” seem to be preparing for a possible price spike. Data from Santiment reveals that these large traders have bought millions of Ethereum tokens in the past 24 hours.

During this period, wallet addresses holding between 1,000 and 10,000 ETH increased their holdings by 10 million tokens, which equates to approximately $18 billion based on the current Ethereum price.

Whales are known for buying when prices are down and selling when prices are high. Therefore, this massive buying action could be a signal that the Ethereum price has the potential to record an increase in the near future.

New Proposal Potentially Pushes Ethereum to Reach 2,000 TPS

In addition to historical factors and whale activity, a new proposal on the Ethereum network could be the main driver of the price increase.

The EIP 9698 proposal aims to increase Ethereum’s gas limit by 100 times in the next four years, which could be a positive catalyst for the altcoin.

According to popular analyst fabda.eth, this proposal will have a positive impact on Ethereum’s scalability, with predictions that transactions per second (TPS) could reach 2,000 and total transactions up to 6,000.

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If this is realized, Ethereum has the potential to increase its scalability and compete with Solana in attracting dApp activity, which in turn will increase demand and strengthen predictions for Ethereum’s price increase.

Ethereum Price Analysis Amid Bullish Breakout Signals

Ethereum price recently managed to break out of a descending parallel channel pattern on the daily chart, which usually signals the end of a downward trend and the beginning of an upward trend.

This breakout is reinforced by the AO (Awesome Oscillator) indicator which has broken above the zero line, indicating that the bullish momentum is getting stronger.

The RSI (Relative Strength Index) is also pointing upwards and has crossed the 50 mark, signaling that buying pressure is dominating and the potential for a rally is growing.

If ETH is able to break the resistance at $2,025, the next price target is expected to be at $2,700 and even $3,500.

Overall, the current Ethereum price is showing various bullish signals, including accumulation by whales and the presence of network proposals to increase scalability.

With this combination of positive factors, traders are reminded to anticipate a potential rally of around 30%, in line with the average gains ETH usually records in May.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Ethereum Price Eyes 30% Rally as Whales Scoop 10M ETH Amid 2000 TPS Proposal. Accessed on April 29, 2025