Popular on-chain data aggregator GlassNode has published a report on the recent price behavior of the second largest cryptocurrency in terms of market capitalization, Ethereum.
GlassNode has discovered the major bullish signs recorded by ETH and specified key price levels to monitor traders.
ETH shows signs of bullishness. Here’s a level to see
GlassNode’s report noted that the average owner has returned to profit after Ethereum recovered realised price levels at $1,900 in May. The unrealized ETH benefits came after the indicator switched to the level that “provides meaningful financial relief to many holders and gives bullish prospects.”
Then, as May continued, Ethereum surpassed the true market average of $2,400. This level of overtaking by ETH shows a major flow of fresh funding to ETH caused by the Pectra upgrade implemented on May 7th. Petra’s goal was to improve overall Ethereum network efficiency, including integrating the Valita set to reduce gasoline charges and targeting the issues of congestion that frequently hit Ethereum.
In May, $ETH surpassed realised price by $1.9,000, bringing the average owner back into profit. Prices are currently above the true market average ($2.4k), and signs of bullishness – but recouping active realised prices at $2.9k is key for even more confidence: https://t.co/edqeh4ggxo pic.twitter.com/bhen9mgdfs
– GlassNode (@GlassNode) May 23, 2025
As part of these influx, large investments in Spot Ethereum exchange sales funds have been attracting attention. Over the past five weeks, these ETFs have recorded almost $6.6 billion worth of influx.
GlassNode calls this price move a “sign of bullishness.” After this, the important level to watch is $2,900. This is “keeping the key for even more confidence” and confirms the lasting bullish momentum. Within just a few weeks, Ethereum prices have risen from $1,800 to $2,700, indicating a 50% price surge. According to GlassNode, a price jump of 21% per day was demonstrated as it rose. This is the best since 2021.
Ethereum boasts 21 achievements on the network per top platform
Earlier this week, Ethereum’s official X account published a tweet listing 21 important milestones achieved on the network by the Top Altcoin platform running on ETH.
The first on the list was the deployment of the Pectra upgrade on Ethereum. Stripe then launched his Stablecoin Financial account. Thanks to this, Stripe has accounts in over 101 countries, allowing users to keep, receive and send Stablecoins using Ethereum.
The tweet also mentions the major Uniswap Dex has hit a whopping $3 trillion in its history with a swap volume of $3 trillion. Superstate announced its opening bell, allowing companies to issue public shares on Ethereum.
