- Ethereum has surged nearly 50% in a month, overtaking Bank of America with a market cap of $325.5 billion.
- While it eyes the $3,000 mark, analysts warn of a potential dip to $2,469 by month-end.
After months of consolidation and sluggish movement, Ethereum (ETH) is finally stealing the spotlight with an impressive price surge. The second-largest cryptocurrency has not only posted a nearly 50% gain over the past month but has also overtaken Bank of America in terms of market capitalization—a major milestone that is fueling bullish sentiment in the crypto community.
As of today, Ethereum is trading at $2,699.50, marking a 2.43% gain in the last 24 hours. The altcoin briefly touched a high of $2,731.22, signaling strong upward momentum. Its market cap now stands at $325.5 billion, edging past Bank of America’s $326.2 billion. This leap places ETH as the 37th largest asset globally, reflecting the shifting landscape of global finance as decentralized assets gain prominence.
Also read: Tron (TRX) Transactions Surge to 8.4M, Eyes Breakout Toward $0.30
Ethereum’s rally comes at a time when traditional markets, including U.S. stocks and bonds, are reeling under political and economic uncertainties. As fears surrounding the U.S. debt situation continue to loom—exacerbated by the political discourse involving Donald Trump—investors are increasingly turning to alternative assets like ETH.
However, while the short-term trend appears bullish, not all forecasts are optimistic. According to CoinCodex, Ethereum may face a corrective pullback toward the end of May. Analysts suggest that ETH could drop to around $2,469 by May 31, potentially disappointing investors hoping for a $3,000 breakout.
Still, with Ethereum’s fundamentals improving and investor sentiment rising, the possibility of a sustained rally remains. The flip above Bank of America’s market cap is more than symbolic—it’s a sign of the times, indicating growing confidence in decentralized assets as viable contenders in the global financial ecosystem.
As May nears its end, all eyes are on Ethereum. Will it defy the odds and reach $3,000, or will it retreat and consolidate before another major move? Either way, ETH is proving it’s no longer just a speculative asset—it’s becoming a force to be reckoned with.