#ETH

ETHUSDT 4H Chart Analysis – May 9, 2025

Ethereum (ETH) has shown a strong bullish momentum, currently trading at $2,337.74, marking a +19.87% gain over the past 24 hours. The price recently peaked at $2,490.75, forming a long upper wick, suggesting profit-taking or resistance at that level.

Key Technical Indicators:

EMA Levels:

EMA(21): $2,010.89

EMA(55): $1,897.06

EMA(200): $1,815.28

The price is significantly above all major EMAs, indicating strong upward momentum.

MACD:

DIF: 120.65

DEA: 67.13

MACD Histogram: 53.52

The MACD continues to trend higher, reflecting bullish strength, though traders should watch for signs of divergence.

Volume: A notable spike in volume aligns with the price surge, confirming strong market participation during this move.

Observation:

Despite the rally, the rejection near $2,490 suggests short-term resistance. A retracement or consolidation phase may occur before the next leg up. Watch for support near the $2,200–$2,300 zone.

Conclusion:

ETH remains bullish on the 4H chart, but caution is warranted due to the high wick and potential for a pullback. Conservative traders may wait for confirmation of support before entering new positions.