#ETHCrossed2500

Ethereum completed its consolidation on May 7 and began its rally. ETH is 11% away from resistance R1 at the lower boundary of the FVG at $2550. Ethereum faces another key resistance at R2, $2745.

In the event of a crash, Ethereum could find support at the lower boundary of the FVG at $1850.

Key technical indicators, RSI and MACD support further gains in Ethereum. RSI is slowing upwards and reads 80, MACD is flashing green histogram bars above the neutral line.

Tokenized US Treasury fund built on the Ethereum blockchain by

BlackRock manages assets worth over $2.5 billion, of which 74% of the tokenized US Treasury bond market is Ethereum, amounting to $6.2 billion. These catalysts contribute to the recent gains of ETH and the likely rally in the short to medium term for the altcoin.