🚀 ETH Breaks Out — $3K Target Now in Sight!
Ethereum rose after finding support around $2,500. ETH is soaring and may break $2,750 barrier.
Ethereum rallied over $2,550 and $2,620.
The price is over $2,540 and the 100-hour SMA.
On the hourly ETH/USD chart, a positive trend line connects to $2,550 support.
If it breaks $2,750, the pair may strengthen.
Ethereum Price Rises
Ethereum price rose as Bitcoin hit a record high. ETH bulls pushed the price over $2,600 barrier at $2,500.
Prices rose beyond $2,620 and $2,650. Price topped $2,720. With a high of $2,731, the price is consolidating gains above the 23.6% Fib retracement line of the upward advance from $2,442 swing low to $2,731.
Ethereum is over $2,675 and the 100-hour SMA. On the hourly ETH/USD chart, a positive trend line connects to $2,550 support.
Price may find resistance at $2,740 on the upside. Around $2,750 is the next major resistance. Near $2,800 is the first significant resistance. A clean break over $2,800 might push the market above $2,840.
Above $2,840 barrier might lead to greater advances in the following sessions. Ether may increase to $2,920 or $3,000 soon.
Are ETH dips limited?
Ethereum may fall again if it fails to break $2,750. Around $2,675 is first downward support. First big support is between $2,550 and the trend line. The upward rise from the $2,442 swing low to the $2,731 high is around the 61.8% Fib retracement line.
A decisive break below $2,550 might bring the price beyond $2,500. If losses continue, the price may reach $2,450 support. Next important support is $2,420.
Tech Indicators
Hourly ETH/USD MACD is rising in the positive zone.
Hourly ETH/USD RSI is over 50.
Major Support: $2,550
Major Resistance: $2,740
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$BTC - Technical Analysis
Daily
Last candle closed above ATH. I was leaning toward P trading higher.
However, today is Friday, so I expect P to close around 0.2 - 0.3 range.
H1
If P closes below sellside, I will likely to look for P to trade even lower.
If P sweeps buyside, I will likely to look for short
Or base on intraday PA to look for setup.
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Abbreviations are explained & pinned in my profile.
{future}(BTCUSDT)
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Nvidia will supply thousands of GPUs, including 18,000 GB300 Grace Blackwell Superchips, for a 500-megawatt data center built by Saudi-backed Humain.
Despite U.S. export restrictions to China, Nvidia is poised for strong earnings on May 28 and is developing a modified H20 chip for the Chinese market, pending U.S. approval.
$BTC $XRP $SOL
Happy #BinancePizzaDay Day! 🍕
Let's take a look at prices evolution over the years:
2013: $123.89
2014: $500
2015: $240.35
2016: $439.32
2017: $2,173.40
2018: $8,041.78
2019: $7,680.07
2020: $9,300
2021: $37,536
2022: $29,432
2023: $26,854
2024: $70,135
2025: $111.900
From buying pizza to becoming a billion-dollar asset, Bitcoin's journey is nothing short of extraordinary.
Let's raise a slice to the crypto that started it all! 🍕