# ETH Surpasses $2,600 Amid Days-Long Price Pump

*Author: Bankless*
*Published: May 12, 2025*
*Source: https://www.bankless.com/read/eth-surpasses-2-600-amid-days-long-price-pump*

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Ethereum (ETH) is trending closer to $3,000 as bullish patterns and improved market sentiment drive a days-long rally.

## **What’s the Scoop?**
- **Geopolitical Boost**: A de-escalation in U.S.-China trade tensions has sparked broader market optimism, contributing to Ethereum's recent rally.
- **Key Technical Breakouts**: Ethereum's price has broken out of bullish patterns like the symmetrical triangle and falling wedge on daily and weekly charts.
- **Analyst Support**: Veteran analysts and metrics suggest that Ethereum had been oversold with its current momentum likely to lead to further highs.
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