NiftyNoon: ETH Rallies Past $2500: Is ETH Season Coming? ⏳🔷📈
Ethereum (ETH) has made an undeniably strong recovery since the end of last week with its price cleanly exceeding $2.5K over the weekend (May 12, 2025)
Nifty Thought:
Ethereum (ETH) has made an undeniably strong recovery since the end of last week with its price cleanly exceeding $2.5K over the weekend. It remains my opinion that, as a low alpha and high beta asset, ETH is a great coin to trade with but a poor coin to hold. Since February, ETH violently moved down from $3.3K to $1.4K and subsequently violently moved up from $1.4K to $2.5K. People that correctly traded that volatility deserve to be commended and they have the wallet balances to reflect their savvy maneuvering. However, many people that held ETH throughout that period still sadly lost (a lot of) money.
Although this aggressive price action is exciting, it does not yet represent a regression to the mean. The last time BTC was $100K, ETH was $2.7K. The first time BTC hit $100K, ETH was $4K. With BTC at $104K and ETH at $2.5K, there is both good news and bad news for true ETH believers. The bad news is that the overall trend of ETH underperformance has not yet meaningfully changed. The good news is that this indicates the majority of the potential upside for the ETH long trade remains intact. As Peter Thiel famously said, the only way to make serious money in this world is to 1) make a high conviction contrarian bet 2) be right. For all the traders entering the still contrarian ETH long bet here with conviction, you have my respect. I hope you are right.
Highlighted News:
🔷 The recent bullish combo of real capital + levered longs + short squeeze:
https://x.com/justdeauit/status/1921516957079081137?s=46
💰 Abraxas Capital is aggressively accumulating $ETH:
https://x.com/lookonchain/status/1921378860513345647?s=46
👀 Year-to-Date BTC Supply/Demand Update:
https://x.com/Matt_Hougan/status/1920854621414977556
Project and Community News:
President Trump posts his "most important and impactful" Truth statement of all time. In summary, President Trump will be signing an Executive Order tomorrow to reduce drug prices by 30% to 80%: https://x.com/kobeissiletter/status/1921693313993703458?s=46
U.S. Announces China Trade Deal in Geneva: https://x.com/trumpdailyposts/status/1921628988864159857?s=46
A wallet likely linked to Trump’s World Liberty(@worldlibertyfi) bought 1,587 $ETH($3.5M) and 9.7 $WBTC($1M) ~30 minutes ago: https://x.com/lookonchain/status/1920677995221512673
Announcing Vice President JD Vance as a Bitcoin 2025 Speaker: https://x.com/TheBitcoinConf/status/1920895457217192135
The CryptoPunk floor has officially re-flipped Bitcoin: https://x.com/tyler_did_it/status/1920830523095634080?s=46
Spot Bitcoin ETFs are now at a new high water market for lifetime flows: https://x.com/jseyff/status/1920877806101131450?s=46
In a 13F filed, Goldman Sachs reported the following positions as of March 31: https://x.com/macroscope17/status/1920938429531197759?s=46
@BankingGOP Chair @SenatorTimScott, said political repercussions for Democrats who voted against moving forward with the GENIUS Act on Thursday will be “painful”: https://x.com/EleanorTerrett/status/1920925796274720848
@coinbase Q1 2025 financial results are now live: https://x.com/coinbase/status/1920577548922003668
Vanguard Mid-Cap Index Fund Has Bought 542,049 Strategy₿ $MSTR Stocks For 165.3 Million Dollars At A Average Price Of $305 Per Share In Q1 2025: https://x.com/BitMemesDaily/status/1921270979398889488
Amended S-1 just dropped for BlackRock's Ethereum ETF -- $ETHA: https://x.com/jseyff/status/1920958337195155540?s=46
Introducing Circle Payments Network - Taking USDC Stablecoin Payments Mainstream: https://x.com/circle/status/1920920756420239467
Introducing Hyperbridge Move your assets from any chain directly into @HyperliquidX: https://x.com/layerzero_core/status/19208482962199962R0a59TV7BZmC7cGw
By community request, you can now long or short $DOOD with up to 3x leverage on Hyperliquid: https://x.com/HyperliquidX/status/1920831245690262006
USDT0 is live on @HyperliquidX Spot and HyperEVM: https://x.com/usdt0_to/status/1920841189000884565?s=46
@Optimism Superchain becomes the first L2 ecosystem to turn Pectra on: https://x.com/Optimism/status/1920880156761059545
Update on the BOOP Airdrop: https://x.com/boopdotfun/status/1921578683611095282?s=46
World is the new sponsor of CONMEBOL Sudamericana: https://x.com/worldcoin/status/1920914140572307903
@OrdinalMaxiBiz Founder @zk_shark just launched Parasite Pool - a zero-fee mining pool built for home miners: https://x.com/XverseApp/status/1920928473746674007
Abstract home page just got a major face lift: https://x.com/0xcygaar/status/1920881427400282286?s=46
On May 10, 2025 at approximately 1:30 am UTC, 3.5 million $TRUMP will be moved onto exchanges to further support liquidity operations to help ensure continued availability of $TRUMP for both buyers and sellers: https://x.com/gettrumpmemes/status/1921018449515434246?s=46
Emergency Lido DAO vote announcement - rotate single Lido Oracle related to compromised Chorus One oracle private key: https://x.com/lidofinance/status/1921534362232787004?s=46
Crypto founder Jeffy Yu appeared to commit suicide in a Sunday livestream. But on Wednesday, he was found alive and well at his dad's house in San Francisco: https://x.com/sfstandard/status/1920554174124630464
@worldcoin Introducing the Orb Mini: https://x.com/worldcoin/status/1921232760510840879
Enter the ApeCoin Monaco Racing Experience, May 23-25: https://x.com/apecoin/status/1920939398046069189
Get a first look at the feed inside the new Coinbase Wallet beta: https://x.com/coinbasewallet/status/1920553775116243138?s=46
Welcome to the Seeker Hub - Track your airdrops, claims, future perks, and alpha - all in one place: https://x.com/solanafloor/status/1920803006099939583
Quick Stats:
👾 Blur ETH Daily Volume: 540 ETH (▼ 29.41%)
🌊 OpenSea ETH Daily Volume: 822 ETH (▼ 0.62%)
🟠 BTC : $104,049.15 (▼ 0.68%)
🔷 ETH: $2,551.97 (▲ 1.16%)
🟣 Solana: $175.45 (▲ 0.84%)
🟪 Polygon: $0.26 (▲ 1.18%)
Top NFT Sales:
CryptoPunk #800: 68 ETH
CryptoPunk #1994: 60 ETH
CryptoPunk #2381: 59 ETH
NFT Daily Winners:
🧦 Bitcoin Puppets: 0.05 BTC (▲ 43.05%)
💼 Ordinal Maxi Biz: 0.03 BTC (▲ 26.45%)
🐵 NodeMonkes: 0.04 BTC (▲ 20.20%)
🧙♂️ Taproot Wizards: 0.18 BTC (▲ 11.59%)
😡 Mad Lads: 37.50 SOL (▲ 4.75%)
👩🏻 Milady Maker: 3.31 ETH (▲ 4.59%)
🐧 Pudgy Penguins: 11.60 ETH (▲ 3.57%)
🐱 Quantum Cats: 0.04 BTC (▲ 3.49%)
🏴☠ Captainz: 0.59 ETH (▲ 3.31%)
🚬 CryptoPunks: 45.55 ETH (▲ 1.70%)
NFT Daily Losers:
⛩ Azuki: 2.56 ETH (▼ 0.39%)
🏳🌈 Chromie Squiggles: 4.41 ETH (▼ 0.45%)
🦧 Bored Ape Yacht Club: 13.20 ETH (▼ 1.41%)
🍭 Mocaverse: 1.87 ETH (▼ 3.47%)
👾 Tensorians: 2.80 SOL (▼ 7.28%)
Notes:
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