$3K in Sight: Will Ethereum Bulls Keep The Fire Alive After 8% Jump?

Cryptocurrency

Summary:

Ethereum is hovering around the $2.6K level after an 8% surge. The market has witnessed $158.04 million in ETH liquidations.

The 2.80% spike in the overall crypto market cap has pushed it to $3.38 trillion, with the greedy sentiment lingering as the fear and greed index value positioned at 74. All the major assets have been charted in green, reclaiming their recent highs. Notably, the largest altcoin, Ethereum, has achieved its recovery attempt.

ETH has escaped the downside pressure by securing an 8.97% gain over the last 24 hours. The altcoin could continue trading on the upside if the bulls sustain. Also, a breakout above the $3K threshold is essential to fuel an aggressive upward move.

The altcoin opened the day trading at the bottom range of $2,453. After the bulls came into command, the price rose toward the $2,736 mark, breaking the crucial resistances at $2,577 and $2,706.

Ethereum trades at around $2,675 at press time, with a market cap of $322 billion. The daily trading volume has increased by over 11.94%, reaching $36.64 billion. Furthermore, the market has seen a liquidation of $158.04 million in ETH, as per Coinglass data.

Will Ethereum Bulls Stay in Control?

The four-hour trading chart has exhibited a brief upside pressure, lighting up the green candle. Ethereum could likely climb to the crucial resistance at the $2,710 range. An extended upside correction might send the price toward $2.8K. A sustained bullish momentum triggers a prolonged upward move.

Assuming the bears came in command, the price could retrace to the $2,606 support level. Further downside price action triggers the death cross to emerge, and Ethereum might fall back to the former low at $2.5K or even lower. Additional setbacks could slow down and complicate the recovery.

ETH chart (Source: TradingView)

ETH’s Moving Average Convergence Divergence (MACD) line is settled above the signal line. This implies a bullish crossover, and the asset’s price may gain upward strength. It is often seen as a buy signal. Moreover, the Chaikin Money Flow (CMF) indicator value is found at -0.10 hints at mild selling pressure in the market, with the capital flowing out of the asset.

ETH chart (Source: TradingView)

The altcoin’s daily relative strength index (RSI) at 67.14 indicates that the asset is approaching the overbought territory. This bullish momentum may face resistance or a potential pullback. Besides, Ethereum’s Bull Bear Power (BBP) reading of 180.06 suggests sturdy dominance of bulls in the market.

Source: CryptoSlate

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Warren Takunda

Stocks

London stocks were still steady by midday on Wednesday as investors sifted through a raft of corporate news, but Burberry surged on cost-cutting plans.

The FTSE 100 was flat at 8,603.77.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: "Stocks stateside have gone on a run as more trade deals are inked, but the baton hasn’t been passed to the FTSE 100, which is flat in early trade.

"The more cautious sentiment may partly have been prompted by concerns that interest rates look set to stay higher for longer in the UK. Bank of England policymakers have been striking notes of wariness about the risk that inflation may stay stubbornly above target. Market expectations for further rate cuts this year have cooled off, with only one to two further reductions being priced in.

"Decision makers are worried that pay growth remains steamy, which could have a knock-on effect on broader price rises. In the three months to March, pay growth including bonuses, came in at 5.5%, above market forecasts. Huw Pill, the chief economist at the Bank of England, voted against cutting rates last week, favouring keeping them unchanged, and other members have stressed they are wary about going too fast."

In equity markets, Marks & Spencer was top performer on the FTSE 100 following recent heavy losses on the back of a cyber attack, after the retailer revealed on Tuesday that some customer information had been stolen in the incident three weeks ago.

Mondi rallied after an upgrade to ‘overweight’ from ‘neutral’ at JPMorgan, while Hikma gained after an initiation at ‘outperform’ by BNPP Exane.

Burberry jumped as investors welcomed the luxury brand’s turnaround plans. Burberry said it swung to a full-year loss amid a slump in revenue and that 1,700 jobs could be at risk as part of its ongoing turnaround plan.

Russ Mould, investment director at AJ Bell, said: "Despite its results being slightly less bad than feared Burberry is not showing any complacency, with the luxury goods firm announcing some pretty radical steps in its continuing recovery effort.

"Having enjoyed a strong run going into these numbers as relations between two of its key markets - the US and China - seemed to thaw, the momentum has continued as investors reacted positively to the news.

"Former Coach and Jimmy Choo chief executive Joshua Schulman was brought into revive the company’s fortunes last July and he is pulling the classic turnaround lever of cutting costs, including a drastic planned reduction in the firm’s headcount.

"A strategy of trying to compete with higher-end rivals hasn’t worked out so it makes sense that under Schulman the company is returning to its historic strengths in classic outerwear products like trench coats and scarves. On top of this, the company has also broadened the range of price tags on its products.

"There has also been speculation about the future of creative director Daniel Lee. Like a new football manager, Schulman may want to get his own backroom team in to support his strategy."

On the downside, Imperial Brands tumbled as its first-half adjusted operating profit missed expectations and the company announced the retirement of chief executive Stefan Bomhard, who will be succeeded by Lukas Paravicini.

Spirax was also in the red as the manufacturing group delivered a cautious outlook, saying that the uncertainty caused by trade tariffs is impacting customers' capital investment decisions.

Compass nudged lower as the catering firm held on to full-year guidance, which points to a slight slowdown in underlying revenue and profit growth, despite a strong first half.

Source: Sharecast

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Diana Wallace

Cryptocurrency

Bitcoin has surged back to $100,000 in May 2025, primarily driven by increased institutional adoption and ETF flows fueling liquidity.

This resurgence underscores the significant role institutional capital plays in driving cryptocurrency markets, attracting 'smart money' and amplifying associated altcoin volatility.

Bitcoin Soars to Record High on ETF Inflows

The recent rally in Bitcoin reaching $100,000 owes much to ETF flows and increased institutional participation. The price surge reflects growing confidence in Bitcoin's role in mainstream finance and strong market momentum.

Investors, including major institutional asset managers, have focused on Bitcoin, infusing substantial capital. The emphasis on ETF-driven liquidity has accentuated Bitcoin's market dominance, altering traditional asset classes.

$100,000 Breakthrough Spurs Market Analysis

The surge has led to increased attention from market analysts who view the $100,000 mark as critical. "For May 2025, Bitcoin is holding firm above major resistance turned support at $100,000, signaling trend continuation. Momentum indicators, price structure, and trend overlays all support further upside." Analysts forecast that institutional ETF inflows will continue driving Bitcoin's momentum. The shift may impact regulatory perspectives and prompt technological adaptations. Continued high-volume trading is expected to influence altcoin volatility.

Institutional Interest Parallels Previous Bitcoin Rallies

Historically, Bitcoin rallies have correlated with strong institutional narratives, evident in past ETF speculation phases. Major gains were observed during the 2020-21 rise and previous halving cycles, driven by similar market forces.

Drawing insights from past events, experts suggest that structural ETF flows and macroeconomic factors play as significant drivers of current trends. The continuous capital infusion points to a sustained long-term Bitcoin trajectory.

Source: CryptoSlate

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Glendon

Economic

Stocks

U.S. stock futures edged marginally lower Wednesday, handing back some gains after the positive start to the week on optimism around the U.S.-China trade deal.

At 05:15 ET (09:15 GMT), Dow Jones Futures dropped 10 points, or 0.1%, S&P 500 Futures fell 5 points, or 0.1%, and Nasdaq 100 Futures slipped 20 points, or 0.1%.

The Dow Jones Industrial Average closed 0.6% lower Tuesday, dragged by a nearly 18% slump in UnitedHealth (NYSE:UNH), but the S&P 500 index rose 0.7%, while theNASDAQ Composite jumped 1.6%.

The main Wall Street indices have rebounded strongly on relief after the announcement of a U.S.-China trade deal, with the broad-based S&P 500 now turning positive for the year, for the first time since February.

Pausing for breath

Investors appear to be pausing for breath after volatile trading since the start of April, when U.S. President Donald Trump started the trade war with the announcement of his widespread "reciprocal" tariffs.

That said, any news over the potential for more deals will be studied carefully.

Additionally, Reuters reported that the Trump administration will slash the so-called "de minimis" tariff on low-value imported packages from China to as low as 30%.

On Monday, the White House unveiled an executive order bringing down the duty on these direct-to-consumer packaged items valued at $800 or less to 54% from 120%, adding to optimism spurred on by an earlier trade truce between Washington and Beijing. A flat fee of $100 remained in effect, although a planned increase to $200 in June was scrapped.

Fed officials to speak

The U.S. economic data slate is largely empty Wednesday, but there are a number of Fed officials set to speak. Their comments will be followed closely as investors attempt to gauge the future path of interest rates this year, especially after monthly inflation figures undershot expectations on Tuesday.

“So while the de-escalation of trade tensions is helpful for growth, it also makes it more likely that inflation will be less of an issue for the Federal Reserve and the scope for Fed rate cuts remains,” ING analysts said in a note.

ING still expects the Fed to wait until September to cut rates, but said a cut of 25 basis points seems more likely now than the previously anticipated 50 bps.

Cisco earnings in spotlight

Highlighting the earnings calendar on Wednesday will be quarterly results from Cisco Systems (NASDAQ:CSCO), with analysts curious to see how the technology equipment firm views the impact from U.S. duties on its finances.

The tech sector was in the spotlight on Tuesday, with Nvidia (NASDAQ:NVDA) posting strong gains, after announcing the sale of 18,000 AI chips to Saudi Arabian company Humain. The Saudi-based company intends to use the chips to build its 500 megawatt data center.

Elsewhere, several other firms are due to announce results, including DXC Technology (NYSE:DXC), Hawkins (NASDAQ:HWKN) and Jack In The Box (NASDAQ:JACK).

Crude slips lower

Oil prices edged lower Wednesday from the recent two-week high after a sharp jump in U.S. oil inventories raised demand concerns.

At 05:15 ET, Brent futures slipped 0.5% to $66.27 a barrel, and U.S. West Texas Intermediate crude futures fell 0.5% to $63.33 a barrel.

U.S. crude stocks rose 4.3 million barrels in the week ended May 9, according to data from the industry body American Petroleum Institute, released on Tuesday.

Official weekly inventory figures from the U.S. Energy Information Administration are due later in the session, and could indicate that the demand side is still grappling with significant challenges.

Both benchmarks had climbed more than 2.5% in the previous session, adding to Monday’s gains, after China and the U.S., the two largest crude consumers, agreed to pause their trade war for at least 90 days while cutting their respective tariffs.

Source: Investing

To stay updated on all economic events of today, please check out our Economic calendar

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Gerik

Economic

Stronger Labour Market Deters Rate Cut, Mann Warns of Inflation Pressures

Catherine Mann, a key member of the Bank of England’s Monetary Policy Committee (MPC), explained on Wednesday her decision to vote against an interest rate cut last week. Speaking to CNBC, Mann emphasized that the UK labour market has shown greater resilience than anticipated, even though some recent employment data suggested moderation.

While she previously backed a substantial 50-basis point cut in February, Mann shifted to a more cautious stance in May, joining Chief Economist Huw Pill in opting to hold the Bank Rate steady. The MPC ultimately voted for a 25-basis point cut, with two members continuing to push for a larger reduction.

Mann’s more tempered approach was driven by the observed robustness of job markets. Although employment data released Tuesday showed a slight decline, analysts considered the drop relatively mild. Mann argued that the labour market’s adjustment has not been sharply contractionary, suggesting the UK economy remains more stable than feared.

Inflation Expectations and Goods Prices Remain Concerning

Alongside labour dynamics, Mann expressed concern over rising inflation expectations among UK households and a renewed uptick in goods price inflation. Despite falling import prices expected from trade diversion triggered by U.S. tariffs on Chinese goods, she warned that retailers may seize the opportunity to restore profit margins, thereby maintaining upward pressure on consumer prices.

“Goods price inflation is actually going up, not down,” Mann stated, highlighting her reluctance to endorse further easing without clear evidence that pricing power is weakening across the retail sector.

Her remarks underline the complex balancing act facing the BoE as it navigates through international trade shocks, domestic inflation expectations, and macroeconomic uncertainty. Despite the recent rate cut, the divergence of views within the MPC points to continued debate over the timing and magnitude of future monetary loosening.

Tariff Spillover and UK Imports

Mann also noted that increased U.S. trade tariffs—particularly against China—could shift export flows toward the UK, potentially lowering prices at the border. However, she was quick to caution that such disinflationary effects might not translate into lower consumer prices if firms focus on rebuilding margins rather than passing cost savings on to shoppers.

“I need to see the loss of pricing power,” she reiterated, suggesting that persistent firm-level pricing behaviors are now central to understanding inflation's stickiness in the UK.

Outlook: Gradual Easing or Prolonged Caution?

As the BoE proceeds cautiously with policy easing, Mann's remarks highlight that not all committee members are convinced the time is right for aggressive rate cuts. Structural inflation risks and firm-level behaviors remain unresolved, suggesting that rate-setters will remain highly data-dependent in the coming months.

With global trade disruptions and domestic economic imbalances shaping the UK’s monetary landscape, investors and policymakers alike must watch closely for further signs of labour market shifts and changes in price-setting behavior before assuming a clear trajectory for interest rates.

Source: Reuters

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Gerik

Economic

China–U.S. Trade War

Calmer Waters in Markets as Tariff Truce Offers Temporary Relief

Investor sentiment steadied on May 14 following several days of strong global market gains, fueled by the 90-day pause in tariff escalations between the United States and China. European stocks were mostly flat, with the STOXX 600 slipping slightly after gaining over 17% since April 9—marking the day President Donald Trump announced a suspension of reciprocal tariff increases.

Recent U.S. Consumer Price Index data showed milder-than-expected inflation, giving the Federal Reserve room to consider rate cuts later in the year. Despite that, the Fed has signaled it will take a cautious approach amid uncertainty over how trade policy will affect broader economic indicators. Fed Chair Jerome Powell is expected to address these issues further in a scheduled speech on Thursday.

Dollar Weakens as Trade Fears Linger

The U.S. dollar continued its decline, losing 0.7% against the yen and 0.4% versus the euro. The dollar index also slipped another 0.4%, building on a previous day’s 0.8% drop. Currency analysts point to reduced demand for U.S. assets amid President Trump’s unpredictable trade approach. Bank of America’s latest survey showed global fund managers are now holding their largest underweight position in the dollar in nearly two decades.

Asian equities rallied, led by a 2% surge in Hong Kong’s Hang Seng Index, as JD.com’s earnings outperformed expectations. The broader MSCI Asia-Pacific Index outside Japan rose 1.4%. Japan’s Nikkei, however, edged down 0.1% as some investors took profits after recent gains.

In the U.S., equity futures were flat as traders turned their focus to upcoming retail sales data for April. Wall Street’s main indexes closed mixed on Tuesday despite the inflation relief.

Oil prices slipped slightly but remained near recent highs, with U.S. crude at $63.49 per barrel. Gold lost some ground, down 0.3% to $3,237 per ounce, as easing geopolitical risks reduced demand for safe-haven assets.

Lingering Risks and Trade Deadlines

Despite the temporary reprieve, uncertainty remains over longer-term U.S. trade policy. Trump hinted at possible direct talks with Chinese President Xi Jinping and mentioned ongoing negotiations with India, Japan, and South Korea. HSBC’s chief Asia economist, Frederic Neumann, warned that a 90-day countdown still looms over U.S.-China trade relations, adding pressure on markets.

Meanwhile, geopolitical attention is also turning to upcoming peace talks between Ukraine and Russia in Istanbul, scheduled for the same day as the release of U.S. retail data. The outcome could significantly influence global risk sentiment and safe-haven flows in the coming days.

While markets have reacted positively to the tariff truce and subdued inflation, the underlying instability of U.S. trade policy continues to keep investors on edge. The Federal Reserve's cautious tone and upcoming economic data releases will be critical in shaping short-term market trajectories. Until more clarity emerges, global markets are likely to remain in a holding pattern—buoyed by relief, yet still haunted by uncertainty.

Source: Reuters

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Risk Warnings and Disclaimers

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Catherine Richards

Cryptocurrency

Ethereum has experienced a significant recovery, with its value skyrocketing by almost 50%, crossing the $2,700 barrier. This surge in the cryptocurrency market comes after Ethereum saw a dip below $1,800 just a short time ago. Now, investors are eyeing the $3,000 level, spurred by a shift in sentiment on social media. As the community transitions from a pessimistic to an optimistic outlook, all eyes are on reduced transaction fees and the strategies of major players.

Why are Ethereum’s Fees Dropping?

Ethereum’s network has seen transaction fees decline to $0.84, a significant reduction from $7 recorded six months previously. This drop makes Ethereum more appealing to new participants in the market. However, potential upward pressure on fees remains a concern; experts warn that if they rise past $2, the bullish momentum could falter.

Who’s Behind the Massive Ethereum Purchases?

The driving force behind Ethereum’s rise includes considerable investments from entities like Abraxas Capital. On May 13, Abraxas acquired Ethereum worth $84.7 million. Over a little under a week, their total accumulation reached 211,000 ETH, valued at $477 million, which has introduced substantial buying pressure.

Technical metrics predominantly signal positive conditions for Ethereum. It continues to trade above crucial moving averages, bolstered by the MACD indicator. The Relative Strength Index (RSI) has hit 79, hinting at an overbought state. Analysts suggest if Ethereum surpasses the $2,750 resistance, it could aim for $3,000. However, should it dip, a potential retracement to $2,100 is possible.

The following are concrete insights into Ethereum’s recent performance:

●Ethereum’s transaction fees have decreased to $0.84, enhancing network accessibility.

●Abraxas Capital’s significant Ethereum acquisition highlights institutional buying interest.

●Technical indicators show strong support, although caution is advised due to high RSI levels.

Ethereum’s recent performance marks a pivotal time for the cryptocurrency, with the market keeping a close watch on fluctuations in fee structures, major investor movements, and technical signals. The evolving landscape presents opportunities but also demands careful scrutiny from market participants. As Ethereum edges closer to its next milestone, stakeholders remain vigilant, assessing whether its trajectory will sustain or encounter new challenges.