ETH/USD: Ethereum Prices Top $2,800 in 3-Month High as Pent-Up Demand Unravels… Finally

Can we call it a rally now? The token’s powerful swing in May has brought in fresh gains north of 50%. Bitcoin? It’s the laggard — even with a record this month, it’s up only 15% this month.

🍺 15%? Not Bad. Hold My On-Chain Data

• Ethereum ETHUSD is stealing the spotlight this month, outperforming Bitcoin BTCUSD by a very, very wide margin. The second-largest token topped $2,800 early on Wednesday and is now flexing a solid 53% month-to-date gain.
• Bitcoin? Bitcoin isn’t even close. Even with a record logged in May’s books (that’s $111,900 for those who live under a rock), the OG coin is still up only 15% this month. So what’s driving the rotation into Ethereum?

💸 Three-Month High, Finally

• Pent-up demand that’s been building since April’s lull can be blamed for the rise. While the crypto community has been glued to Bitcoin’s record highs, Ether has quietly been stacking wins — and now when we zoom out we can see who the real winner is.
• Ether’s move above $2,800 marks its highest level since late February, capping a May rally that’s finally caught fire after weeks of sideways chop.

⚙️ Rotation in Play

• The rotation from Bitcoin into Ether is nothing more than traders taking profits from Bitcoin’s high-flying run and moving cash into the relatively undervalued alt sector. Traditionally, Ether has been the first to soak up alt-focused capital influx. Next in line are XRP and Solana.
• The flood back into the Ether camp has triggered a volume surge. On-chain data points to increased wallet activity, rising gas fees, and higher protocol engagement. In short, people are using Ethereum again — and that’s bullish.

👀 What’s Next?

• The next level to watch is the psychological resistance at $3,000, a zone Ether hasn’t seen since January. A break above that could trigger technical buys and options-driven flows.
• This said, don’t forget to keep an eye on macro moves — trade tensions, a seesawing dollar, and US tariff jitters may inject fresh volatility into the crypto space.