The current price of ETH/USDT is 2,499.00 USD.
1. Current price movement and technical indicators
Current price (May 10, 2025): 2,499.00 USDT.
Resistance levels:
2,550 USDT: A short-term resistance level recently tested by the currency.
2,700 USDT: An important psychological and technical barrier; breaking it may open the way for a rise towards 2,850–3,000 USDT.
Support levels:
2,450 USDT: A strong technical support that the price relied on during the last correction.
2,350 USDT: Fibonacci level 0.618 for the broader upward movement supported by some timeframes.
Moving averages:
EMA50 at ~2,420 USDT: the current price is above it, increasing bullish momentum.
EMA200 at ~2,150 USDT: forms strong long-term support.
Relative Strength Index (RSI): at 58, indicating the possibility of continued upward movement before reaching the overbought area (>70).
MACD Indicator: The histogram is positive and the MACD line is above the signal line, supporting the scenario of continued bullish momentum in the short term.
2. Impact of the 'Dencun' update and future plans
Gas fee reduction: Average transaction fees decreased by ~20% after the update, significantly boosting user and developer activity.
Scalability improvements (Sharding): The update accelerated transaction processing and reduced congestion, leading to a more than 10% increase in daily trading volume.
Bridges and improved compatibility with L2: Improvements in bridges and restructuring reflected on the demand for ETH as a primary fee currency, especially across networks like Arbitrum and Optimism.
The upcoming 'Shapella' update expected in mid-2025 will add staking reward withdrawal features and may serve as an additional driver for increased demand for ETH.
3. Strategic points for trading
Buy at support: Open buy orders between 2,450–2,480 USDT with a stop-loss below 2,440 USDT.
Partially take profits: At the first resistance 2,550 USDT, secure 30–40% of the positions.
Expand after the breakout: If a daily close is above 2,550 USDT, additional positions can be added to target 2,700–2,850 USDT.
Follow official announcements: Monitor the launch dates of 'Shapella' and any special staking offers to identify early entry opportunities.
The 'Dencun' update enhanced Ethereum's performance and re-established upward momentum after positive corrections. What are your thoughts on the upcoming trend for ETH/USDT?
Share your predictions and strategies in the comments!
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