With a strong breakout, Ethereum (ETH) is causing more buzz among crypto traders. Respected analyst Michaël van de Poppe confirmed on social media as of May 8, 2025, at 10:30 AM UTC, indicating hopeful momentum for the second-largest cryptocurrency by market capitalisation has Ethereum broken past a critical resistance level.
ETH traded at about $3,250 on Binance’s ETH/USDT exchange at his announcement, a 4.7% rise over the past 24 hours. This burst beyond the $3,200 level is particularly noteworthy; it has resisted upward progress for the preceding two weeks. Real-time exchange data indicates that this jump was matched by a 32% increase in trading volume, surpassing $2.1 billion in spot trades between 8:00 AM and 10:00 AM UTC.
There is no one movement acting alone here. With a 3.2% increase during the same period, Bitcoin (BTC) also reached $62,500 on Coinbase, displaying general bullishness about the crypto scene. Strong performance by IT behemoths like NVIDIA and Microsoft helped S&P 500 futures rise 0.8%. This simultaneous movement in stocks and cryptocurrencies captures a risk-on atmosphere in which investors migrate money into higher-return assets.
Ethereum Breakout and Trading Strategy
With ETH breaking above $3,200 at 9:45 AM UTC, new trading approaches become possible. Originally tested in early April 2025, traders are now looking at the next notable resistance level around $3,400. ETH might question this level within days if momentum keeps up.
On-chain data from Glassnode indicates a 15% rise in wallet addresses holding above 10 ETH as of May 7, 2025, 11:00 PM UTC, so supporting this optimistic scenario. This clearly indicates crypto whale accumulation, reflecting growing faith in Ethereum’s near-term performance. Moreover, stake inflows on sites such as Lido Finance rose by 25% at 6:00 AM UTC on May 8, 2025, highlighting longer-term holding behaviour and supporting this accumulation tendency.
Institutions Enter ETH, Stocks Rise
Furthermore, institutional participants seem to be aggressively joining the ETH market. Large transactions above $100,000 increased by 10% around 8:00 AM UTC, most likely indicating hedge funds and asset managers pouring money into Ethereum, according to IntoTheBlock. Under positive macroeconomic data, this pattern shows a larger change in market attitude toward digital assets.
Furthermore benefiting crypto-related equities are spill-over effects. Coinbase Global (COIN) saw its share price jump 2.5% to $215.30 during pre-market trading, showing that investor confidence is spreading beyond just the crypto markets. Likewise, NVIDIA’s stock jumped 3.4% to $1,050 around 1:00 PM UTC, a move sometimes interpreted as a proxy for innovation-driven investments like blockchain technology and smart contract platforms like Ethereum.
Ethereum Shows Bullish Technical Signals
Technical signs of Ethereum support the optimistic story. The Relative Strength Index (RSI) of the ETH/USDT pair on the 4-hour chart stands at 68.00 AM UTC on May 8, 2025. Approaching overbought territory, it stays under the key barrier of 70, implying there might still be space for upward movement.
Additionally, the moving average convergence divergence (MACD) indicator flashed positive signs with a crossover around 9:30 AM UTC. Usually verifying purchasing strength, the signal line crossing over the MACD line can set off extra entries.
Volume research supports this: between 7:00 AM and 10:00 AM UTC, Kraken’s ETH/USD pair had a 28% rise in volume, climbing to $850 million. Strong volume during price breaks usually proves the action’s legitimacy and increases the likelihood of continuous gains.
Cross-Market Correlations: Crypto and Stocks Align
Along with increases across most stock indices, particularly tech-heavy benchmarks like the NASDAQ, which rose 1.1% by 2:00 PM UTC, this Ethereum breakout aligns with Such synchrony supports ETH as a hybrid asset appealing to conventional stock investors and crypto-native players by strengthening their case.
During this risk-on phase, Ethereum is positioned as a major participant thanks to the strength of the tech sector, institutional buying, and strong on-chain activity. Watching the ETH/BTC pair, which rose 1.5% to 0.052 BTC at 10:00 AM UTC, will help traders, especially as it shows Ethereum’s relative dominance over Bitcoin.
ETH Breakout Sparks Interest
For both short-term and long-term players, the rise in ETH prices, rising institutional interest, and strong technical signals provide an interesting picture. The breakout beyond $3,200 has created fresh prospects for traders hoping to ride momentum toward $3,400. With this growing activity from stakeholders and big wallet holders, confidence in Ethereum’s long-term value proposition is steadily developing.
To time entries and exits properly, crypto traders should remain vigilant about price action in related equities such as COIN and more general market indicators, including NASDAQ performance. Meanwhile, long-term investors could see the present as a perfect chance to build ETH ahead of the next network improvements and upgrades.
