Ethereum is trading at $2,104.50 on May 25, 2026, with a market cap of roughly $254 billion. The recent Ethereum news cycle has been dominated by Tom Lee’s BitMine Immersion Technologies purchasing 60,000 ETH worth $126 million within 24 hours, raising its total holdings above 5.33 million ETH (over 4.3% of circulating supply). The firm is staking more than 4.7 million ETH, generating substantial annual rewards. On the same day, Hong Kong’s first approved stablecoin completed a key technical milestone on the Ethereum blockchain.
Technically, ETH is showing bearish signals. The 50-day EMA sits at $2,114, with MACD momentum contracting and the RSI near 38.9 on May 24, signaling a neutral-to-bearish position. Roughly 37 million ETH (about a third of the total supply) remains staked, mechanically removing liquidity from the market. However, Ethereum continues to issue new ETH through validator rewards, keeping its supply curve inflationary by design.
