Ethereum (ETH) is showing signs of strength as it maintains its position within the $2200-$3900 Macro Range, a historically significant trading zone, according to a recent analysis by Rekt Capital on May 11, 2025. The cryptocurrency’s weekly close above $2200 could pave the way for an uptrend, mirroring patterns observed in late 2023. This development comes amidst a broader market recovery, with institutional interest in cryptocurrencies continuing to grow.
Rekt Capital’s chart highlights Ethereum’s price action, noting that weekly closes above $2200 have historically triggered bullish movements across the $2200-$3900 range.
In late 2023, a similar close above this level led to a sustained rally, with ETH reaching the upper bounds of the range within months.
The current price stability suggests Ethereum may be positioning for a similar trajectory, provided it can avoid a significant dip below this critical support.
The $2200-$3900 Macro Range represents a key trading zone where Ethereum has oscillated since 2023, often acting as a battleground between bulls and bears. A “weekly close” refers to the final price of ETH at the end of a trading week, a metric often used by analysts to gauge long-term momentum.
If Ethereum dips below $2200, Rekt Capital notes that such retests have historically solidified this level as support, potentially setting the stage for a stronger upward move.
Institutional inflows provide additional context for Ethereum’s resilience. According to a 2024 report from CoinShares, institutional cryptocurrency investments reached a record $14.9 billion for the year, with Bitcoin (BTC) leading the trend.
However, Ethereum faced $22 million in outflows in 2024, though recent gains suggest a potential reversal, particularly following the approval of Ethereum ETFs, which could attract renewed interest.
As of May 11, 2025, Ethereum’s price hovers around $2200, reflecting a 14% increase since early May, when it rebounded from the lower end of the demand zone at $1930, as noted in Rekt Capital’s earlier updates.
Ethereum’s price currently exceeds $2400, while trading volume has held consistent, with its market capitalization at roughly $260 billion, according to TradingView data. This stability aligns with broader market trends, where regulatory clarity—such as the EU’s Markets in Crypto-Assets Regulation (MiCA) implemented in 2023—has bolstered confidence in major cryptocurrencies.
Looking ahead, market participants will watch for Ethereum’s ability to sustain its position above $2200 in the coming weeks. Upcoming developments, such as potential upgrades to the Ethereum network or shifts in institutional sentiment, could further influence its trajectory. For now, Ethereum’s price action suggests a cautiously optimistic outlook within its established range.
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