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

According to Deep Tide TechFlow, on May 20, CryptoQuant author ShayanMarkets analyzed that the price of Ethereum is approaching the key resistance level of $2500, indicating an overheated market. Data from exchanges show a significant increase in trading volume, influenced by profit-taking and the supply available in this price range. ShayanMarkets believes that the overheated market suggests a potential 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 above the resistance range.