May 11, 2025, 01:07 PM IST
Ethereum ($ETH) is trading at $2,563.12 as of 01:07 PM IST on May 11, 2025, showing a modest 9.54% increase over the past 24 hours, with a 24-hour trading volume of $28.74 billion, according to real-time data. The hashtag #ETH is gaining traction as investors weigh the altcoin’s next move following its recent break above $2,500.
Price Outlook and Risks
Ethereum’s break above $2,500 is a bullish signal, but the overbought RSI suggests a near-term correction is possible. If it $ETH holds above $2,500, it could test $2,915, with a potential move to $3,000 if momentum persists. However, failure to maintain this support might lead to a pullback to $2,411 or even $2,200, as forecasted by some analysts for a short-term retracement. Long-term projections remain optimistic, with some experts predicting it $ETH could reach $5,925 by year-end, driven by institutional adoption and network upgrades. Yet, risks like regulatory uncertainty and market overheating could derail this trajectory. For now, traders should watch the $2,500 support and $2,915 resistance as key levels for #ETH’s next move.