#ETHCrossed2500 Ethereum (ETH) has indeed crossed the $2,500 threshold, marking a significant milestone in its recent bullish rally.
While the breakout is bullish, traders should monitor volume trends and broader market risks, such as potential stock market corrections impacting crypto sentiment. ETH's ability to hold above $2,400 will be critical for maintaining upward momentum . Analysts remain cautiously optimistic, with price predictions for 2025 ranging between $2,900 and $5,050 depending on institutional adoption and macroeconomic conditions.
The Relative Strength Index (RSI) on the 4-hour chart was at 68 (as of May 10), indicating strong buying pressure without extreme overbought conditions .
A bullish MACD crossover and rising daily active addresses (up 12% to 485,000) underscored network growth and usage.
Immediate resistance is now at $2,550, where profit-taking may occur, while support lies near $2,450, backed by high buying volume .
Analysts highlight a mid-term Fibonacci target of $2,520 (0.618 level) and a potential push toward $3,000 if bullish momentum persists.