Ethereum price approaches key resistance level of $2500, market may see short-term pullback

According to a report by Deep Tide TechFlow, on May 20, CryptoQuant author ShayanMarkets analyzed that the price of Ethereum is approaching the key resistance level of $2500, and the market is showing signs of overheating. Exchange data shows a significant increase in trading volume, influenced by profit-taking and the supply in this price range. ShayanMarkets believes that the market overheating indicates a possible short-term pullback, creating conditions for a new round of accumulation. It is expected that Ethereum will continue to consolidate until new demand drives the price to break through the resistance range.