#ETHCrossed2500
๐ฅ๐ฅโกETHEREUM (ETH) ANALYSIS โ MAY 11, 2025 ๐๐
Ethereum (ETH) is currently trading at approximately 2,581.01 as of May 11, 2025, showing a 10.5
*TECHNICAL OUTLOOK* ๐
- Support levels:2,400 and 2,200 ๐ช
- Resistance levels:2,600 and 2,800 ๐ง
*INDICATORS* ๐
- RSI: 65.4, approaching the overbought zone โ๏ธ
- MACD: Bullish crossover, confirming a strong uptrend ๐
- 50-day moving average:2,350
- 200-day moving average: 2,000
*TARGETS* ๐ฏ
- Short-term target:2,600 ๐ฏ
- Mid-term target: 2,800 ๐
*CONCLUSION* ๐ญ
Ethereum (ETH) is currently in a strong bullish phase, and the recent surge above2,500 highlights its potential for further gains. However, with the RSI nearing the overbought zone, caution is advised as a pullback might occur. Keep an eye on the key support levels around 2,400 and2,200 for potential entry points. ๐ก๐
This analysis is not investment advice. Always do your own research before making any investment decisions. ๐๐ผ
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