Ethereum Price Surges 38.2% as Stakers Return to Profit Zone

Ethereum (ETH) has seen a 38.2% increase in the past week, trading above $2,400, narrowing the gap to its all-time high of $4,878 from 2021. The asset's performance aligns with Bitcoin and other major cryptocurrencies, reflecting renewed market confidence.

Key points include:

On-chain activity shows Ethereum stakers are back in profit after a prolonged loss period.
The Realized Price for stakers was previously at $2,279 while the market price fell to $2,149.
As of May 9, 2025, ETH's market price reached $2,297, pushing staked tokens back into profitability.
This shift may reduce selling pressure and strengthen validator resolve within Ethereum’s proof-of-stake consensus model.
The return to profit could encourage more staking activity and stabilize market supply.
Institutions and Layer 2 participants may view this trend as a bullish indicator for Ethereum's future.

Alemán notes that this price recovery could trigger new accumulation waves and enhance overall network security and stability. A sustained upward trend may signal the beginning of a new bullish cycle for Ethereum.