WHAT TO EXPECT FROM ETHEREUM IN MAY 2025!
Ethereum's performance in May 2025 is expected to be shaped by its current technical setup and market sentiment. Here are some key points to consider:
Current Price: Ethereum is trading near $1,845, following a strong bounce from its April lows.
Technical Indicators: The weekly chart shows Ethereum testing major Fibonacci support at $2,075, which has historically served as a rebound zone. A break above $2,100 could signal a shift towards $2,508.
Bullish Momentum: Ethereum's ascending triangle pattern on the 4-hour chart suggests a potential breakout towards $1,960, marking a 7.5% gain from current levels.
Comparison to XRP: While XRP is showing a bearish rising wedge pattern, Ethereum's inverse head-and-shoulders pattern against Bitcoin signals strength and potential outperformance.
Historical Performance: May has been a profitable month for Ethereum, with an average return of around 27.50% since 2016.
Potential Price Targets:
Short-term: $1,960 (7.5% gain from current levels)
Medium-term: $2,100 (breakout above this level could signal further gains)
Long-term: $5,907.41 - $7,194.28 (predicted price range for 2025 according to Changelly)
Market Sentiment:
Bullish: 36% market sentiment, according to Changelly's technical indicators.
Neutral: Fear & Greed Index score of 53#BinanceHODLerSTO #DigitalAssetBill #ETH $ETH