Ether has recently bounced strongly from April’s lows to push back above $2,500, and narratives generally seem to support continuation. The ratio of market value to realised value has increased significantly in recent days, moving above one, while open interest for futures has also surged in May so far. It’s difficult to determine whether the price might continue up nearly immediately, consolidate, or retrace first. This week, there are no major scheduled releases affecting crypto, but any news about tariffs or Russo-Ukrainian peace talks could affect Ether like other markets.
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