Ethereum Pectra upgrade triggers a 31% price increase, but can it break through $2,500?
ETH Analysis: Daily chart on May 10, 2025
Ethereum has also been very strong these past two days, basically oscillating around 2400, but the trend remains strong and it can't really drop. Whenever there is a pullback, it quickly recovers, with small fluctuations of 100 points. Brothers can take some swings!
In terms of trend:
From the daily chart perspective, it has strongly broken through the oscillation range; the next probability is to consolidate sideways for a bit, while giving the bears the illusion that it can't rise. On the daily chart, short-term resistance to watch is around 2800, where there is still some selling pressure, and short-term support to watch is around 2280-2300.
During this phase, it is not recommended to short Ethereum, as it has not broken through its historical high, which also provides a lot of room for recovery!
