Ethereum Just Posted a 42.6% Price Spike—and It's Not the Only One Gaining Ground.

Ethereum price today surged by 42.6%. The crypto is now trading at around $2,559, while Bitcoin broke through a new all-time high at $111,878.

The Bitcoin price is up 0.4% for the day, trading at $111,878 at the time of writing. The crypto broke through the $110,000 resistance yesterday, and it’s continuing to set higher highs and higher lows.

The world’s leading cryptocurrency is now just $1,000 away from the $112,000 resistance, which could be the next major price level to watch.

Several factors are driving Bitcoin's price up. Firstly, there’s the massive demand from institutional investors. Bitcoin ETFs brought in over $3.6 billion this month alone, and BlackRock’s iShares fund is pulling in the largest share.

Secondly, a few macro factors are also helping. A weakening U.S. dollar and improving U.S.–China trade relations are pushing more people toward Bitcoin as a store of value.

Finally, some analysts say that Bitcoin is starting to break away from traditional markets and move on its own terms. This could open the door for even more gains in the second half of 2025.

If Bitcoin continues to rise at this pace, it could hit $160,000 by the end of the year. However, if the bulls lose steam and the price drops below $100,000, it could indicate a reversal of the current bull market.

On the other hand, Dogecoin is also back in motion as whale activity picks up and talks of a possible ETF push the meme coin narrative forward.

Dogecoin price today is up 3%, trading at around $0.238. The crypto broke past the $0.18 mark, and some traders are now watching for a push toward $0.31.

They say that strong technicals and increasing whale activity could help propel Dogecoin to new highs.

In the past 24 hours, the number of large DOGE transactions (over $100,000) jumped 25%, and active addresses are up 18%. Grayscale also increased its Dogecoin holdings by 12%.

There’s also talk of a potential Dogecoin ETF. The SEC hasn’t approved it yet, but chances for 2025 approval sit at around 63%.

If it happens, analysts say it could bring in a wave of new money and push Dogecoin to record highs.

At the same time, Ethereum price has seen a massive surge following ETF buzz and rising whale activity.

The Ethereum price today is up 42.6%, trading at around $2,559. The crypto had a wild ride this May, climbing from around $2,950 to $3,300 by mid-month.

The price surge was partly driven by whales snapping up over 200,000 ETH. One wallet alone bought 45,000 ETH, which is worth about $135 million.

However, the price pulled back, and by May 20, the Chainlink price had dropped to $2,200.

At the same time, rumors of an Ethereum ETF pushed the crypto higher, and by May 21, the price had recovered to $2,800.

The Ethereum ETFs, which are already approved in Canada and Europe, saw a 26% jump in volume after the network’s “Pectra” upgrade rolled out.

The upgrade is meant to boost speed and staking features, which could help Ethereum stay competitive in the DeFi and Web3 space.

In other news, co-founder Jeffrey Wilcke moved about 105,000 ETH (around $262 million) to Kraken on May 20.

The transaction was spotted by blockchain analytics firm TokenPulse, which noted that the funds were being moved to a new account on the exchange.

Many analysts still see Ethereum pushing toward $5,000 later this year, especially if institutional interest keeps growing and more network upgrades roll out as planned.

However, if the bulls fail to break through the $3,500 resistance, it could signal a reversal of the current bull market.

In other news, Coldware ($COLD) is focused on real-world usability and is quietly building its own Layer-1 blockchain, plus the hardware to go with it.

Others might be chasing hype, but Coldware is focused on the tech that will move crypto forward—and it’s already delivering.

That includes the Larna 2400 smartphone and ColdBook laptop, both of which connect directly to the Coldware network.

With these devices, users can seamlessly