<ul><li>Ethereum (ETH) surged 60% in May, hitting a peak of $2,617 before stabilizing near $2,509.</li><li>Long-term holders are selling their positions, leading to significant activity spikes akin to levels witnessed in October.</li><li>Over $3.4 billion worth of ETH has left centralized exchanges over the past month, indicating investor confidence in the cryptocurrency.</li><li>Technical analysis reveals that ETH found support at $2,500 and is now aiming to surpass the $3,000 milestone, with indicators showing bullish momentum.</li></ul>

Ethereum (ETH) Price: Technical Analysis Shows Support at $2,500 Level

Discover more