#ETHCrossed2500
Ethereum finished consolidating on May 7 and started a rally. ETH is 11% away from resistance R1 at the lower boundary of FVG at $2550. Ethereum faces another key resistance at R2, $2745.
In the event of a crash, Ethereum may find support at the lower boundary of FVG at $1850.
Key technical indicators, RSI and MACD support further increases in Ethereum. RSI is slowing up and reads 80, MACD is flashing green histogram bars above the neutral line.
Tokenized U.S. Treasury fund built on the Ethereum blockchain by BlackRock manages assets worth over $2.5 billion, of which 74% of the tokenized U.S. Treasury bond market is Ethereum, totaling $6.2 billion. These catalysts contribute to the recent gains in ETH and the likely rally in the short and medium term for the altcoin.
