Ethereum Surges, Dubai to Accept Crypto Payments

Ethereum has seen a significant rally, with its market dominance exceeding 10% and price rising over 50% in May, though technical indicators suggest a short-term correction may be ahead. Analysts view potential dips as buying opportunities, anticipating a move toward $3,500–$3,800. Institutional confidence in Ethereum is strengthening, with projections that the Strategic Ethereum Reserve could surpass 10 million ETH by 2026 due to major accumulation. Broader crypto markets have experienced volatility, as the 'sell in May' trend led to price declines and created both risks and re-entry opportunities for traders. Regulatory debates about distinguishing tokens from traditional stocks continue, highlighting the need for clear frameworks amid growing institutional interest. Dubai's decision to accept Bitcoin and crypto payments in 2025 marks expanding mainstream adoption and may heighten market volatility, particularly in the Middle East.