#ETHCrossed2500

ETH

2,475.33

+2.66%

As of May 11, 2025, Ethereum (ETH) is experiencing a strong price increase, with the current price around $2,500.

Technical Analysis

Breakout of technical pattern: ETH has broken out of a multi-month descending wedge pattern, indicating a clear bullish trend.

Resistance and support:

Near resistance: $2,400 – $2,550

Next resistance: $2,700

Important support: $2,300 and $2,145

Technical indicators:

RSI: 72 – indicating the market is in an overbought zone, which could lead to a short-term correction.

MACD: Bullish crossover signal, confirming the upward momentum.

Trading volume: Significantly increased, with over $1.2 billion traded in the past 24 hours on Binance.

📈 Short-term prediction

Price target: If ETH maintains above $2,400, it may target the $2,520 – $2,550 range in the short term.

Correction risk: With RSI at a high level, a correction to the $2,300 – $2,250 zone is possible if selling pressure increases.

CryptoRank

🧭 Conclusion

Ethereum is in a strong bullish trend, supported by both technical and fundamental factors. However, investors should be cautious of the potential for a short-term correction and monitor key support levels to manage risk effectively.