In the past 24 hours, the ETH price has risen by 22.5%, reaching a two-month high
ETH Analysis: Daily chart on May 9, 2025
Ethereum is very strong, breaking the consolidation range and soaring straight up, not giving any opportunity for a pullback, the high has already been raised to nearly 2500, it was still under 2000 yesterday, and today it's already over 2480! Fortunately, the short position I had yesterday was stopped out after breaking 2000, and I didn't hold on to the long position I entered; I sold too early! The rise is really making people feel dizzy!
In terms of trend:
Strong breakthrough of the consolidation range, soaring straight up without giving a chance to pull back, the liquidation map shows that those shorting have been continuously getting liquidated, and they keep adding! This is also a main reason for this significant increase, after all, there is plenty of fuel for the bears. This time can also be seen as a morale boost for the E Guardians; let's see how much of a pullback adjustment can occur in this wave, currently we have dropped 200 dollars for a pullback, it is uncertain whether the pullback has ended!
